By a quick show of hands how many would agree to pay 1.00 American money for a gallon of gas from this day forward and forever? I proved my point already. Since I constructed the article I do hope I can ask you to indulge me with two minutes of your time to read the rest.
I often find it difficult to comprehend why on a plethora of topics people gravitate to the left or right and never consider the middle of the road? Since we are talking about the Oil Companies and billions in profits why not continue with the theme. On one side you have people yelling that the profit made in four months time for some of the oil corporations in 2008 were the largest in history. On the flip-side of the coin individuals yelled back that the amount of total taxes paid by the oil industry is probably the highest in North America and they directly or indirectly employee millions of people of all wage levels. Both sides have valid points but are leaving something out of the equation.
Why should the profit a corporation makes at the end of a fiscal year raise your eye? Shouldn't the bottom line be the price and the value of the service. In 1976 wasn't a gallon of gasoline roughly fifty-five cents in the United States? Oil executives still were driving the luxury cars and taking their families on trips around the glob. Resentment was minuscule because common sense dictated that if you can get a gallon of gas for under one dollar you have received total value for your hard earned money.
You can use an infinite amount of industries to further solidify the central point of view. Sports would be a perfect one for the next example. In 1973 George Steinbrenner purchased the New York Yankees baseball team for ten million dollars. Last week it was revealed that even with an economic recession the club is worth 1.5 billion dollars. The Yankees are a cash cow for the sales sold per game, the revenue generated from their own television network called YES, merchandising, and several other marketing gems. If you can't afford to see the team play in person every game can watched on television and listened to on the radio. They show twenty games a season on free TV and a basic cable package on many systems grants you access to the YES Network. From 1995-2007 the team made the playoffs every year.
You can see that in a capitalistic society if a product is legal and ethical we shouldn't begrudge the Steinbrenner family for being able to own a billion dollar enterprise. As long as the product is competitive and a fan can follow the team via the media outlets mentioned above, the amount of revenue they receive should not be an issue.
Why don't we all put our heads together on finding ways to keep gas prices stable and in a legitimate price range. If turns out we accomplish the goal let the executives have the house in Maui and Beverly Hills because we can fill-up without mortgaging our own property.
Craig Fenton is the creator of Painting My Room In A Colorful Way (the ultimate speaking and writing course with written, audio, email, and phone coaching). He is the author of the Jefferson Airplane book Take Me To A Circus Tent and the Jefferson Starship Have You Seen The Stars Tonite. Craig lectures with a one time member of the Grateful Dead and a legendary American Rock & Roll Photographer.