I was just watching something on the oil pipeline shut down in Alaska. The oil companies seem to be at fault for not properly maintaining the pipes and are now forced to spend millions on fixing them with no clue how long it will take. This is a good handy excuse to drive up the price of gas thus turther increasing the billions in profits they see. So, they can afford to give their top execs things like $400 million severance packages, and post the highest gains of any companies on the stock exchanges, and now even higher. Meanwhile us, the little guy at the pumps are paying through the nose for gas and thus having to shift our budgets off other critical things. In your opinion, Do you think the oil companies should absorb the loss their negligence is going to cost instead of seeing it as an opportunity to further increase their already massive bottom line profits?
2006-08-12
03:00:49
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12 answers
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asked by
dread pirate lavenderbeard
4
in
Corporations