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Jon Heller, CFA

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  • Exxon Mobil: The Root of all Evil? [View article]
    I would not trust the US Govt to manage my retirement portfolio, or raise my kids, let alone use funds from a gasoline tax to find viable alternative energy sources. Comparing European gas prices to US prices is a bit like making the assumption that since Brazil can use 100% ethanol, why can't we? While I don't understand the continued use of SUV's in this country, the fact remains that the US consumer has the freedom to decide what to do with his or her money.
    Apr 15 04:03 PM | Likes Like |Link to Comment
  • Exxon Mobil: The Root of all Evil? [View article]
    If there was any doubt regarding the tone of this piece, for the record, this was a tongue in cheek response to a serious issue. Oil is being politicized (when hasn't been?) in an election year, and once again, Big Oil is made out to be the enemy. It's easy to make the populist arguments; they resonate well with consumers who are paying more at the pump. But lets see these arguments for what they are: double speak, designed to infuriate the population.

    No one likes shelling out $3.50 per gallon of gas or $4.00 for heating oil. But more government intervention will lead to a much worse situation: shortages. Putting controls on profits is the same as price controls---and we all know how that usually turns out.


    Apr 14 11:36 AM | Likes Like |Link to Comment
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