September 2012

First Oil

People all over the world, and the mainstream news media, do not have a favorable opinion of corporations in general, and oil companies in particular. An ABC News/Washington Post poll taken April 5-8, 2012, asked “Who (sic) do you blame for the recent rise in oil and gasoline prices: other oil-producing countries, U.S. oil companies, or the Obama administration?” The U.S. oil companies received the most blame (28%), other oil-producing countries came in second (25%) and only 21% blamed the Obama administration. While there are complex reasons for the rise in oil and gasoline prices, it is apparent that the public is ever ready to blame the oil companies.

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