Since ‘evil” insurance companies making ‘big profits’ will Pres. fix oil companies?
I believe a government gas price would be better. Sad that Al Gore sold the Elks Hill Naval Strategic Oil Reserve and at a time when oil was at historical lows ($10 a barrel).
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What do you think the cap-and-trade bill is all about?
What do insurance company profits have to do with the Pres. fixing oil companies???
It would be easy. Just stop selling the 40% of the oil that comes down the Alaskan pipeline to Japan as we do now. I know. There go our relations with Japan. So what? If you can’t make the correlation between Insurance profits and oil company profits. You really ought to just go take a nap.
These companies are not evil. I just think the majority were greedy. Just like the banking industry when McCain and Phil Graham started deregulation.
These commodities need regulation.
We don’t need to fix oil companies.
They will be bankrupt in a couple of decades.
In a few years, when we realize that we have hit peak oil nationally (we already hit peak oil in U.S. in 1971), production will stop growing and prices will begin to skyrocket.
Soon enough, very few will be able to afford oil and the profits that Big Oil now enjoy will shrivel up.
What big profits by insurance companies ?
The top 15 insurance companies averaged a 5.2% profit last year.
Health insurance companies made 13 billion in profits last year.
Thats 0.59% of health care spending in 2008.
If those profits are the big problem, then wouldn’t just 13 billion from the government, solve all the problems ?
That’s all ready in the making, cap and trade trade us away to the mid eastern nations, we will never be able to use our USA resources, this is another thing making Americans mad as hell!