Offshore Drilling Ban to be Lifted by Bush

[wendybeth]

Originally Posted by scaeagles

And people who have invested in those corporations. Corporate profits are tied to the financial well being of the investor, which usually includes Joe Sixpacks retirement fund.

Tell that to the good peons of Enron. (And all the others who have lost their retirement due to corporate greed, speculation and deregulation of the energy industry). Industries aren't regulated for nothing- there is always a very good reason, and it usually involves greed and lack of concern for anyone but the people who stand to benefit the most. Trickle down economics is not only a myth, it's a lie. It's a lie that is destroying our country.

Further- the oil mess has greatly impacted the dollar, so it's almost a case of 'chicken vs egg' here. I know the current state of affairs is most certainly not helping the dollar.