Unfortunately, our entire enconomy evolves around oil..when oil goes up, everything people consume and use will go up because somewhere down the line, oil had to be used to produce or ship it.
That I beleive is the entire reason for the sagging economy and recession. It will continue until prices go up, which will then cause wages to go up..which will then again cause oil to go up if everyone continues to pay it. The only way the oil prices will collapse is if everyone stops using it..but that can't happen. You think the govt doesn't love this as well...think of all the taxes those companies pay for those excessive earnings...corporate taxes royally sux compared to personal income taxes because the govt taxes it twice..once when a company retains it as "profit" then again when the company disperses it as salary to its employees. Gov't realizes that the use of oil will drop some due to better gas mileage cars..thats why they now want to increase the tax per gallon..cause if gas is $1 or $4 a gallon, the govt gets the same amount of tax per gallon.... Think the EPA which is govt funded really want the automakers to build better mpg cars??
That I beleive is the entire reason for the sagging economy and recession. It will continue until prices go up, which will then cause wages to go up..which will then again cause oil to go up if everyone continues to pay it. The only way the oil prices will collapse is if everyone stops using it..but that can't happen. You think the govt doesn't love this as well...think of all the taxes those companies pay for those excessive earnings...corporate taxes royally sux compared to personal income taxes because the govt taxes it twice..once when a company retains it as "profit" then again when the company disperses it as salary to its employees. Gov't realizes that the use of oil will drop some due to better gas mileage cars..thats why they now want to increase the tax per gallon..cause if gas is $1 or $4 a gallon, the govt gets the same amount of tax per gallon.... Think the EPA which is govt funded really want the automakers to build better mpg cars??
