Says Who?
I don't like paying $3 and up, for a gallon of regular gas either. So far I haven't lost any sleep though. At the same time, if I was an investor. I wouldn't want the goverment putting a ceiling on my profits either. If I design an accessory that everyone on this computer uses. As long as people use it, and buy it. I should continue to get paid. That's what happened to Bill Gates. Even though gas is at it's highest ever, no one is parking their cars. As a matter of fact, the most popular sellers are SUV's. They use like twice the gas, of smaller cars. When gas gets to high to buy, we'll stop putting it in our tanks. I know this doesn't help at the pumps, but consider this. People in other countries, are already paying $8 a gallon. It could be better, but it could be worse.
Price gauging is one thing, filling a need is another. To sell your goods for the price people are willing to pay. Amounts to free enterprise, and is the principle on which this country was built. To catch people between a rock and a hard place, and exploit their vulnerability. Is absolutely a horse of another color. The last time I looked we didn't need gas to live, instead it's for convenience. I for one have altered my driving habits. I don't take two trips to do, what I can do in one. I know we won't, but we should take this as an opportunity to reflect. We as a society are much to dependent on oil. If it went up to $5 a gallon, what would we do then. Most of us wouldn't have any choice except to pay. We shop in stores,go to schools and worship in churches outside our neighborhoods. Some people have never even ridden public transportation. They wouldn't know where to begin. Last I looked it was a bargain. Cheaper than driving yourself. Most families have more than one car, we now have a mobile existence.
Last year oil companies reported record profits. ExxonMobil the leader, had reported earnings of $36 billion last year. The former CEO Lee Raymond, had a massive compensation and retirement package. He earned $69.7 in compensation, and $98 million in a pension buyout . Most of us made more last year, than we did the year before. Of course we didn't get what Lee Raymond did, but join the club. Gas and everything costs more, but thank God. Somehow I manage to pay. If anybody has some gas, I feel like I will. People didn't start to complain until after Hurrricane Katrina. That was an act of God, without mans help. The oil executives told us what to expect. It appears they knew what they were talking about. I think the President is taking advantage, of the situation. At first the American public was blaming him. Some of them still are. If anybody knows, it's him. He can't do anything about gas prices. If he could lower gas prices, don't you think he would? His popularity would go through the roof. As for the CEO's, I'm not mad at them. They're only doing their jobs. A good job, I might add. Higher profits translate to higher dividends. That's what he's hired for. I'm sure the stockholders are happy with their performance. When asking whether or not the oil executives are doing a good job, it depends on who you ask. The average consumer would wonder, if you're joking. Those cashing those dividend checks, would wonder who you're talking about.