Offshore Drilling Ban to be Lifted by Bush

[Kevy Baby]

Originally Posted by JWBear

A big corporation is going to do everything in its power to increase profit. Who actually owns the stock is irrelevant.

Is that a bad thing? Or are you just assuming that the big bad anonymous corporations ALWAYS choose to make a profit at the expense of "everyone and everything else" (including nature)?

Is it bad for a corporation to make money?

I personally like when they do because it increases my retirement fund. Is that a bad thing?

[JWBear]

Originally Posted by Kevy Baby

Is that a bad thing? Or are you just assuming that the big bad anonymous corporations ALWAYS choose to make a profit at the expense of "everyone and everything else" (including nature)?

Many do, yes. And I think the oil companies are among the worst.

Originally Posted by Kevy Baby

Is it bad for a corporation to make money?

No, not at all. There is a difference between profitibility and corporate greed.

Originally Posted by Kevy Baby

I personally like when they do because it increases my retirement fund. Is that a bad thing?

In other words, as long as your bottom line is good, the rest of the world can go to hell? No wonder you like the big oil companies!

[scaeagles]

Originally Posted by JWBear

No, not at all. There is a difference between profitibility and corporate greed.

A 9% profit margin is not corporate greed.

[JWBear]

Originally Posted by scaeagles

A 9% profit margin is not corporate greed.

Sure it is, if it is obtained illegally, unethically, or immorally.

Sub la Goon is right. The oil companies are running scared because the President they bought and paid for is going to be out of a job soon.

[Kevy Baby]

Originally Posted by JWBear

Sure it is, if it is obtained illegally, unethically, or immorally.

Please provide examples of this behavior. I am curious how this opinion is formed.

[Kevy Baby]

Originally Posted by JWBear

Many do, yes. And I think the oil companies are among the worst.

Why do you believe this?

Originally Posted by JWBear

In other words, as long as your bottom line is good, the rest of the world can go to hell? No wonder you like the big oil companies!

Please tell me where I said the rest of the world can go to hell? Or where the oil companies have said this?

I like companies that make money in a safe and rational manner. Despite what gets spewed on a regular basis (with virtually no rational argument with data to back it up), the major oil companies ARE responsible corporations.