Oil companies are gouging.In regard to your June 26 article by Brian Farmer Frederick Brian Webb Farmer (born 29 July 1933), known as Brian Farmer, was an English professional footballer who played as a right-back. Born in Wordsley, Staffordshire, he joined Birmingham City in 1950 when he was 17, but made his first-team debut only in 1956; even , "Behind the High Price of Gas," in which he defends the record profits of the oil companies, please consider: * Consumers, not just stockholders, do have a fight to be outraged when it is we who are paying for Mr. Executive's $400 million golden parachute golden parachute, a contract given to top executives of a corporation to provide benefits in case of job loss due to a takeover by another firm or a merger. The unusually generous benefits may include substantial severance pay, a one-time bonus payment when and when companies' yearly net profits outdo even Wal-Mart. Of course, it is we who contribute to these profits--when we have to buy their gasoline to live our lives. We have no choice, unless we want to ride a bicycle or walk. * Gas prices go up--oil company profits go up. Excessively high gas prices--excessively high oil company profits. One plus one equals two, Mr. Farmer. What's hard to figure out about that? * The oil companies are not concerned about poor public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most and retribution by the government. Bush, the attorney general, and the secretary of energy have already given the wink and nod that there's nothing the government can/will do! The motivation is greed--not public relations. Strip-mine the American pocketbook while you can! USA Today USA Today National U.S. daily general-interest newspaper, the first of its kind. Launched in 1982 by Allen Neuharth, head of the Gannett newspaper chain, it reached a circulation of one million within a year and surpassed two million in the 1990s. reported that Exxon earned $946 million in interest alone in 2005 on their net profits. * Isn't the Cato Institute you quote one of these "free trade," "conservative" think tanks that have helped grease the skids for shipping millions of U.S. jobs to third-world impoverished nations so that these good old American corporations can exploit slave-like and child labor child labor, use of the young as workers in factories, farms, and mines. Child labor was first recognized as a social problem with the introduction of the factory system in late 18th-century Great Britain. in China and Central America? * Finally, I am highly disappointed in THE NEW AMERICAN. I drive for a living and am forced to pay these high gas prices. Maybe you would do well to ask independent long-haul drivers how much it takes to fill up those 300-gallon tanks with diesel. High gas prices = higher hauling costs = higher priced goods = depletion of middle class/family budgets! ROBERT L. SIMPSON Robert Leatham Simpson (b. 1915) was a general authority of The Church of Jesus Christ of Latter-day Saints from 1961 to 1989. Simpson served as an LDS missionary in the New Zealand Mission of the church as a young adult. Burlington, N.C. |
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