Wednesday, April 23, 2008

Greedy Oil Companies

I think the candidates for President need a lesson in economics. The candidates, along with the media, are using scare tactics to try to gain votes. All the talk is about the "greedy oil companies" and high gas prices.

I wonder if these same people paid attention to all the other commodites that went up in price over the past several years. According to Thomson Financial, the average annual return the past three years for Wheat was 46.69%, Corn 39.26%, Copper 36.76%, Gold 29.74%, Oil 29.09% and Cotton 27.87%. Not to mention what you get charged for a bottle of water these days.

These are scare tactics used to get you to believe the Oil and Gas companies are screwing consumers and if you "vote for me" you'll see relief at the pump. These prices will come down eventually...no matter who is in office. That's how commodities work!

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