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Gov’t seeks emergency to aid thriving oil industry « The Rev. Brendan Powell Smith

Gov’t seeks emergency to aid thriving oil industry

Saturday, April 29th, 2006 - 2:28 am PDT

With gas prices at all-time highs, and top oil companies reporting record profits, the government is scrambling to come to the aid of the thriving oil industry. One proposal has been to remove the 18.4-cent federal tax on gas, allowing oil companies to keep prices unchanged and reap the added profit for themselves. Another proposal has been to give every American family $100 which it must immediately pass on to the oil company of its choice through purchases of gas at the inflated prices that have driven the record profits of the oil companies. Said President Bush, “If poor and working class Americans don’t look out for the outlandishly rich, who will?”