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!

Dick Durbin: Fool or Subversive?

Is Dick Durbin a fool or a subversive? On Tuesday, June 17th, Durbin blamed oil prices on speculation and called for a major increase in government employees to investigate the pink sheets and OTC. He blamed oil companies for not drilling in the 68 million acres they have under lease. Following Durbin was the CEO of a major drilling company. He pointed out that $150 million was the minimum cost to drill deep. Day rates for labor on rigs have risen from $30,000 to $350,000. In other words, Durbin would have oil companies drill in the 68 million acres where there may be no oil or if they drill deep in the ocean, they can expect excess profits taxes and if they raise equity that will be called dirty speculation. I own a few shares of Exxon and I am scared stiff. VOTE McCAIN !