Despite the fools in the media, and all around the country, that may be calling Exxon's record profits "absurd" and "profiteering," allow me to do a quick Economics lesson 101. Profits attract competition. Competition brings prices down. Competition improves the market, product quality, and benefits everyone overall. So, why are they complaining? Because for some people, it's easier to complain about the evil corporations, than to know the facts and speak truth. I think people like to complain about this sort of thing out of self-righteous pride. Taxing the energy industry is NOT going to help anyone. While it will hurt the energy industry, the true victims will be the consumer, who will face higher prices. Let Exxon enjoy its profits. I would welcome further deregulation, encourage further competition, and facilitate the building of new refineries. Let's send the extremist enviro-nazis back to the looney bin they came from. Maybe then we can start seein...
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