02 August 2008
Where's the wealth going? This nation is still producing (or at least selling) some real goods...where'd it go?
Where's the wealth going? This nation is still producing (or at least selling) some real goods...where'd it go? To the very, very few. That is where it is going. News headlines everywhere read, "Big Oil's biggest quarter ever: $51.5B in all," telling one part of the story. Here's the Forbes publishing of the AP story line. I in no way think this is an all-oil problem, looks to me more like it is bankers themselves (those in the business of money itself) that are the ultimate culprits, but the oil giants are doing their fair share. These kinds of profits are criminal. Not because it's criminal to be rich, but because the only way to get this rich is by being criminal. (Well, I guess they have one pathetic excuse to make, $51.5 billion just ain't what it used to be, y'know...with the value of each dollar in constant decline.)
And this is not just profiting from oil, a harmful and hazardous way of selling energy resources, this is also WAR PROFITEERING, the selling of violent death and destruction. Follow the numbers... Here we can once again thank Dennis Kucinich for trying to do something, even if it's just hiring what must be a staff of attorneys to write legislation that will never be enacted in congress each week. Here's his latest, noble attempt: Prevent Oil Profiteering: Oil for Iraq Liberation Act. "The O.I.L. Act will prohibit U.S. based oil companies from developing and investing in the petroleum resources of Iraq."
"The invasion of Iraq was about oil, but it didn’t result in more oil or cheaper gas," Said Kucinich. "It resulted in war profiteering by oil companies who benefitted by keeping Iraqi oil off the market."