Home | Culture And Society | Current Affairs
The average price of gasoline has now reached an all time high in the United States at $3.03 per gallon. Higher even than in the Hurricane Katrina aftermath. The recent cease fire and UN agreement between Israel, Lebanon, and the Hizbollah and the recent downgrading of the years predicted hurricanes and gulf coast storms have reduced the risk to the oil industry. There are no foreseen major disruptions or implications to the oil supply in the near future so experts are saying the price of crude oil on the world market should be seeing a large drop over the next few weeks. That is not to say that George Bush will not create something again to help his Big Oil friends and campaign contributors. Over the last few months Americans have been shelling out upwards of $3 per gallon on average and equipped with a stalled and weakening economy this really hits the middle and lower class in the pocket books. To weather the storm, savings have been ravaged and Americans are saving less and carrying more debt than ever. 90 percent of Americans carry debt and the average credit card debt is now well over $10,000. This is in part due to George Bush and his republican view that the middle class needs to disappear. George Bush has passed laws and paved the way for Big Oil to have its biggest paydays ever. Exxon Mobil and other oil and energy companies are reeling in record profits this year at the expense of the average American. George Bush and the rich do not feel the squeeze as the middle class does. They use their creative tax write offs, accountants and tax lawyers to whittle away their taxable income to around or below 1 percent on average for the rich and wealthy. The middle class, on the other hand, pays an average 0f 30 to 35 percent of their income in taxes. Is this fair, absolutely not, but since the rich are not paying their share of taxes it has to come from somewhere. Regardless, right now there are no soon foreseen oil commerce problems and so the price of oil and therefore gas at the pumps should be dropping and the American consumer should be seeing a little relief. Just do not tell George Bush about this or he, Big Oil and his Saudi Friends will find a way to bring the price back up. I do not see why the government cannot take over the oil industry like they did with USPS, the United States Postal Service and mail delivery. USPS is one of the best run industries in the U.S. and it is still the cheapest method for mail delivery in the states or overseas. IF USPS ran the oil industry in the U.S. gas would be $1.50 or so per gallon. USPS does not charge what the world market price is for mail delivery and shipping it charges a fair price and does not make $12 billion in sick profits and $100 million dollar CEO compensation packages. George Bush could learn a lot from USPS and needs to stop screwing with the middle class and helping out his rich friends.
Information and Articles: http://www.mastersmba.com
Providing Information on various topics, please browse our other Articles for more informative resources, we house information on every topic imaginable so regardless of your needs you can be assured to find the answer here. If you wish to reprint this on your own website, simply click the "Web Version" in the right menu, and you are presented with a pre-formatted document to use.
A lot of the information is written by the Master Article team, and published exclusively on the MastersMBA.com website, and we do our best to research all information to ensure it's as accurate as possible. However at times we also publish documents given to us by other sources, we do examine these documents to ensure they are as accurate and correct as possible however at times they discuss highly specialized fields making it hard to authenticate the validity of every fact in the document. These are written by specialists in their respective fields, and we do trust their integrity and judgment however it's always a good idea when doing any research to consult a number of sources and form your own conclusion based on a number of view points. Also if you are looking for Google Chrome Extensions you can check out that link.
