Surging oil prices are sinking the U.S. economy, while Big Oil is raking in obscene profits. For example, ExxonMobil recorded profits in 2007 of $40.6 billion. Its CEO’s pay averaged out to $13,700 an hour. Today, gas is selling at $3.50 a gallon with no end in sight. Truckers are paying more for their diesel fuel and as a result food prices are rising. Globally, nationalization of the oil industry is the trend. It’s time for the U.S. to join that club.
FASHION AND TRENDS
"Last year, while the U.S. government was spending nearly $100 million a day on military efforts in Afghanistan, an Oxfam report put the total amount of humanitarian aid to the country from all sources at just $7 million per day. Not much has changed since then. The supplemental funding measure that the White House pushed through Congress a few months ago devotes 90 percent of the U.S. spending in Afghanistan to military expenditures."