12 August 2006

An observaton on high gas prices

You may have noticed that the petroleum companies such as, say, BP, are raking in billions of extra profit from your pockets with the higher gas prices. Now the prices are going a bit higher because BP has had to shut down much of its Alaska pipeline. Which means profits will go up a bit more.

What's the problem with BP's pipeline? Seems to be years of negligent maintenance has led to corrosion of the pipes. BP saved a few bucks by simply not doing the routine checks and repairs.

So they do a half-assed job to make more money and you end up paying for it so they can ... make more money.

BTW, in our 2000 presidential election, three of the four politicos running had ties to the oil industry.

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