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Oil Companies

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Rob Mixon

Published: May 28, 2008

Everyone has heard about the record "profits" of United States oil companies. These companies are also in record debt due to the lack of backing and restrictions placed on them by our government. Oil companies are not the problem.

Why doesn't President George W. Bush do something to help us?

"President Bush cannot allow oil to come out of the north slope of Alaska and supply the United States of America. If he did, the oil producing countries of the world, who signed on the dotted line in the days of Henry Kissinger, would not be obligated to take a certain portion of everything that we gave them in payment for oil and turn around and buy our national debt and pork in Washington, D.C."

Our $8 trillion debt would collapse the American dollar and America's economy. You are paying that debt through the gas pump and paying that debt to the oil producing countries. A barrel of oil out of the ground in Saudi Arabia is $5. In Alaska a barrel of oil out of the ground is $3. The price we are paying for a barrel of oil, set by The World Bank and the International Monetary Fund (IMF), is well over one hundred dollars a barrel and still climbing!

If we were to stop begging Saudi Arabia to increase their oil production, tell The World Bank that we would pay our debt in full within a specified time limit, we could be pumping and selling our own oil. We would be both out of debt and independent. A strong independent America would not have to beg for support from the rest of the world. A strong independent America could once again be self sufficient. Let's have a paradigm shift from a world government that has little concern for the United States to a strong independent nation once again!

Our own vast oil supply is there within our own country. It is past time to get to it.

Rob Mixon
Lake Placid

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