“Drivers Upset By Record Oil Company Profits”, reports CBS3 News in Philadelphia, and quotes one driver as describing the oil companies as: “Robbers, thieves, taking advantage of the people.”
Green Car Congress reported these details on exactly what some of the robbers and thieves in Canada are up to:
Annual profits at Canadian Oil Sands Trust (COST) jumped 63 per cent to C$831 million and cash flow topped the C$1 billion mark in 2005. COST is the largest owner in the Syncrude joint venture….
Shell Canada and partners in the oil-sands joint venture said last August they would spend C$7.3 billion to expand by 2010 the project’s production and refining capacity to 280,000 barrels a day.
Oil sands may be one of the most promising sources for new oil production over the next few decades, but will require a huge commitment of resources. So how could we ensure that’s really going to happen? Plan A is to have our elected government officials make a wise decision about what’s the best source of energy for the years ahead, find the tax dollars to pay for it all, and make sure it all gets produced and delivered on schedule.
Plan B is to imagine that the desire to make a profit is so powerful that companies would be willing to invest billions of dollars trying to make oil out of sand.
If you go with Plan A, you get to give an inspirational speech communicating your vision for the future, such as President Bush did in his State of the Union address. If you go with Plan B, all you can say is, capitalists, go make even more money!
I guess that’s why he’s the president and I just have a blog. But those greedy oil companies seem to be trying to earn even more money just the same.