Record Year for Oil Companies

Tuesday, January 31, 2006

If you live here in the Northeast, then I don't have to tell you about rising home heating costs and gasoline prices. You may find it comforting that not everyone is feeling the squeeze however. On Monday Exxon Mobil set new United States records for annual and quarterly profits. The company reported a net income for the fourth quarter of $10.7 billion and a yearly net income of $36.1 billion. Nice to know that when Americans families are struggling across the country Exxon and the other top oil companies are recording record years.

Of course some of this is simple supply and demand. There is less and less oil in the ground so the price of the available oil is going to go up. That much does make sense. One would be a fool however not to see that the Bush administration has also played a huge role in the record profits of oil companies. Tax breaks and lax energy laws have allowed these companies to wield unlimited power.

The situation will get much worse. Within the next 5-10 years we will be on the downslide. This is to say that there will no longer be as much oil in underground reserves. You cannot completely drain an oil well. There becomes a point in the life of a well when it starts to cost more money for the company to extract the oil from the earth than the company makes on the sale of a barrel.

Iraq is and always has been about one thing and one thing only....oil. This trend will also continue in the years to come as the United States fans out over the globe in an effort to control the remaining reserves. If this is not the case then explain Iraq? Explain what we are doing building new military bases across the oil rich regions of Africa. Why do you think President Chavez and Venezuela are public enemy #1.

Despite the smoke and mirrors, this administration constantly distracts us with. We are entering a new era. No longer will we fight wars for political or ideological differences. We have now started and will continue to fight wars based on control of the last strongholds of natural resources.

Kidnapping wifes: The American Way

Saturday, January 28, 2006

The Associated Press released a story today about the United States practice of detaining/abducting the wifes of suspected insurgents/citizens in Iraq. Recent documents released by the Pentagon under and ACLU freedom of information court order describe this disgusting and illegal practice.

One memo dated May 9, 2004 from a civilian Pentagon intelligence officer tells a tale that should make you sick to your stomach and ashamed of the United States government and our armed services. In the memo, the civilian writes that on a raid for insurgents the army detained a 28-year old women the wife of a suspected insurgent as "leverage". If this is not sick enough for you yet, hold on. The women was the mother of three young children who were also in the house, one as young as six months old and still nursing. The women was held for two days. Now close your eyes and picture that army or marine commercial you see on tv in your head: be an army of one, the few the proud. Now open your eyes and envision a mother being ripped from her three screaming children, this is the real United States war machine.

Not only is this practice barbaric and illegal, another problem is the carefree way this information is released to the American public. The story breaks on a Saturday which will avoid the news frenzy of normal weekdays and it's not even news. Anyone out there who actually pays attention to world events and gets their news from somewhere other than Fox, or CNN would know that practices like this and others are carried out by our forces all the time in Iraq, people like Dahr Jamail have been opening our eyes to things like this unfortunatly, for years now. Even if you read this blog, you would have heard of detaining innocent family members of suspected insurgents when I wrote about it in part2 of a series of posts last July titled: Is Iraq Better?

What would you do if while you were out armed men burst into your house and kidnapped your wife, ripping her from the arms of a nursing child while your other two children look on (future terrorists)? Is this the American Way?

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