On May 1, 6:23 pm, "Tom Kunich" <cyclintom@yahoo. com> wrote:
> "Paul G." <[email protected]> wrote in message
>
> news:[email protected]...
>
>
>
> > The Republican'ts have milked this for years.
>
> Absolutely, but the fact remains that because of stupid asses such as
> yourself we find ourselves with a choice between Obama/Clinton and McCain -
> or more accurately between stupid/crooked or inadequate.
>
> > Where do you think those hundreds of billions of dollars went?
>
> What billions of dollars? I note that those being led about by the nose
> seldom speak or write in complete thoughts. I suppose that's because they
> don't have any.
>
Not billions of dollars, hundreds of billions of dollars. If you think
real hard you might be able to figure it out. Not many rat holes where
that much money is being dumped.
> > And have you noticed that Bush's pals in the oil industry have had
> > record profits thru this?
>
> Maybe you never learned arithmatic in school. The oil companies make about
> 7% "profit" after their costs to buy the oil and then to refine it. That
> hasn't changed in 40 years.
What a moron. Just for my personal amusement I'm going to *briefly*
explain the economics of oil. Here's a graph of oil prices from 1947
to 2007. Note that every time there was a war in the mideast the price
of oil soared:
http://www.wtrg.com/oil_graphs/oilprice1947.gif
Note that oil was at ~$25/barrel when Bush took office. Now it's over
$100/barrel.
Now, according to you, in 2001 oil companies were making a profit of
7% pumping oil out of the ground valued at $25/barrel. Then the
friends-of-the-oil-companies in Washington used the 9/11 attacks as a
pretext to start a war in Iraq, right in the heart of the mideast oil
producing region. As always, this caused the price of oil to soar. Not
just oil from the mideast, but oil produced everywhere, like the Gulf
of Mexico.
Today, the oil companies can pump oil from the same well and sell it
for over $100/barrel. The result- record profits. There, I done
learned you sum "arithmatic".
If you want to delve deeper into it, take a couple of semesters of
economics as I did.
-Paul