Brighteyes

Windfall Profits for Big Food: Where's The Outrage?

In this capitalist environment, someone with a good Idea can invent a product, and market it at any price he/she wants and the market will decide if it is too much or not. you do not have to buy $4 gas if you do not choose to; but the point is if you do buy $4 gas it is because it is worth it; not having to walk or take a bus. Having said that, The problem is you and me, and all the people around the world who choose to stop for gas. The congress or the president don't make you buy gas nor do the oil companies or the filling stations. In fact all of the blame-es are not responsible and that includes China, Chavis, Puton, General Motors or the food growers; It is us. We maybe don't like the effects of our decision but nobody asked us to like it. And increased food prices are the same thing. I remember the president's State of the Union address that suggested we stop our addiction to oil and everyone cheered and clapped at the idea of using Ethanol as an alternative source of energy.

Instead of grousing at this guy or that guy, why don't we just stop buying. Then the price will go down, that is if the people in China don't think it is more valuable than the price at which we stpped buying and then the price will likely go higher still.

I like this capitalistic system and that is why Iam over weight in oil investments. I don't mind if oil continues to rise, I paid double $4 in Europe.

Exxon Mobil Defeats the Rockefellers

I am happy that Exon Mobil did not fall into the same trap as GE otherwise XOM would be doing second rate serials on TV, selling the Plastics Division and selling our stock at $32 per share. I am also glad that XOM knows what busness they are in and knows how to run it. I think all shareholders should be investors and leave the management of the company to the managers.