May 25, 2008

War profiteering

By Greg Palast:

In 1928, oil company chieftains (from Anglo-Persian Oil, now British Petroleum, from Standard Oil, now Exxon, and their Continental counterparts) were faced with a crisis: falling prices due to rising supplies of oil; the same crisis faced by their successors during the Clinton years, when oil traded at $22 a barrel.

The solution then, as now: stop the flow of oil, squeeze the market, raise the price. The method: put a red line around Iraq and declare that virtually all the oil under its sands would remain there, untapped. Their plan: choke supply, raise prices rise, boost profits. That was the program for 1928. For 2003. For 2008.


In response, Senators Obama and Clinton propose something wrongly called a “windfall” profits tax on oil. But oil industry profits didn’t blow in on a breeze. It is war, not wind, that fills their coffers. The beastly leap in prices is nothing but war profiteering, hiking prices to take cruel advantage of oil fields shut by bullets and blood.

I wish to hell the Democrats would call their plan what it is: A war profiteering tax. War is profitable business – if you’re an oil man. But somehow, the public pays the price, at the pump and at the funerals, and the oil companies reap the benefits.

click here for the whole article

Thing is, it's not enough just to demand that gasoline be cheaper and that those who profit so much be taxed for their greed. We need a whole new fucking system. We need a new way to fuel and power our cars and our homes. There's got to be a push for a fundamental change in how we get energy.

Search for "Nikola Tesla" on YouTube and check out some of the vidoes that come up. Seems like conspiracy theory stuff, I know, but some of them are really interesting. Long story short: FREE ENERGY.

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