Well Gomer, we agree about something at last... I say do away with all federal subsidies to every form of business, whether farms or hi-tech, automobile or anything else... let them spend their own money for research, market demands will let them know where the profits lie and they can invest accordingly.
Big Business, Big Oil, whatever you call them really has no control over demand of a finite resource, if they aren't allowed to provide more to meet demand market competition will produce a less expensive alternative in response to price increases of what BB(Big Business) or BO (Bog Oil) produces.
In a fair, competitive market the consumer's demand is what drives price and product... in the oil market demand is out-pacing supply, so prices go up... if BO isn't allowed to provide new supply to meet the demand you really can't say they have any control over the price of oil, American BO controls a very small percentage of the world oil market.
MTA...So who wrote the legislation that allowed the oil companies to cheat the government out of royalties for the leases they bought, I'm sure it wasn't just those evil, rascally Republicans alone, I'm sure there were some Democrats helping as well, I'm not sure what expertise the government has in drilling for oil and gas, but most likely they'll put the process out for competitive bid, so you'll still see BO involved unless some foreign oil company gets the contract and then there go all those high paying union jobs for Americans to foreign companies... of course if Maxine Waters, D-Calif. has her way BO will become government run BO and then all the stockholders are the ones getting screwed... you know pension funds among others.
