Having lost two mainline-flying jobs due to mismanagement and oil prices, it's infuriating to see oil priced as it is.
Exxon Mobil's 2nd quarter profit was a whopping 7.64 billion dollars! And, the other oil companies were just as busy laughing all the way to the bank, as they held all consumers and companies by the you-know-whats.
The bottom line is that we are being scammed, by oil-producing nations (with OPEC at the top of the list) and the oil companies. When it costs an OPEC nation around $1.50 to produce a barrel of oil, and they sell it for the current price of around $65 per barrel, that's pure greed -- especially considering that it just wasn't too long ago that oil was priced at $17 per barrel.
I got fed up and wondered why the oil industry does to us what it does. I recently read a book, Over A Barrel: Breaking The Middle East Oil Cartel, by Raymond Learsy. It explains everything about the oil scam that we're forced to pay for every day. It describes, in great detail, the gross extent to which the oil-producing nations and the oil companies are in collusion to break us of our pocketbooks.
I greatly urge all other pilots to read this book, to get an education on what's really going on. I have no ties to the publisher, so I'm just recommending it as a mere reader. But, please, go out and get a copy and read it (it's not a Bush-bashing book, as it's written by a conservative and former Reagan appointee). It will change your outlook on what's going on in this nation.
Exxon Mobil's 2nd quarter profit was a whopping 7.64 billion dollars! And, the other oil companies were just as busy laughing all the way to the bank, as they held all consumers and companies by the you-know-whats.
The bottom line is that we are being scammed, by oil-producing nations (with OPEC at the top of the list) and the oil companies. When it costs an OPEC nation around $1.50 to produce a barrel of oil, and they sell it for the current price of around $65 per barrel, that's pure greed -- especially considering that it just wasn't too long ago that oil was priced at $17 per barrel.
I got fed up and wondered why the oil industry does to us what it does. I recently read a book, Over A Barrel: Breaking The Middle East Oil Cartel, by Raymond Learsy. It explains everything about the oil scam that we're forced to pay for every day. It describes, in great detail, the gross extent to which the oil-producing nations and the oil companies are in collusion to break us of our pocketbooks.
I greatly urge all other pilots to read this book, to get an education on what's really going on. I have no ties to the publisher, so I'm just recommending it as a mere reader. But, please, go out and get a copy and read it (it's not a Bush-bashing book, as it's written by a conservative and former Reagan appointee). It will change your outlook on what's going on in this nation.