Thursday, June 19, 2008

EXXON Wins; Public Loses

Exxon is selling its gas stations to independent entrepreneurs. Its profits will rise. Price at the pump will also rise. Entrepreneurs will no longer be funded by “big oil.” The public will suffer with “big oil" out of the loop. Pressure to drill will be intense. The price of oil from the middle east may rise as Arab kingdoms go for their last bite. Faced with deficits, our government may sell its low cost “strategic” reserve at market prices to pay off our debt. That reservoir was based on the last World War--tanks, planes, and carriers. The next war will be over in weeks! The loser goes naked. Why do you think Bush and Cheney worry about nuclear proliferation? Wake up America!

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