Big oil profits: A quick course in economics

17 years ago

To the editor:
    A quick course in economics that most of the Aroostook people can pass. Just today the Democrats in Congress wanted to take earned money away from the big oil companies and spend it on wind and other renewable projects. A windfall profit tax is what they called it.     Who owns big oil – us small stock owners make up the largest part of the ownership of “Big Oil.” Why did we buy stock, so the dividends could help us buy a second car, etc.
    My grandfather never said to the potato buyer, “No thanks. It didn’t cost that much to raise ‘em – so just pay me a fair price and I’ll roll the barrels off my wagon.” Not my grandfather, nor yours said that. A simple course of economics.
    Tell the oil companies they can drill for oil on all government land and sea also! Free and no holdups because of environmental problems!
Philip Turner
Caribou?