They have as much allegiance to the U.S. as does Obama.
‘”They have as much allegiance to the U.S. as does Obama. “
Okay, you are now president of a publically owned Americo Gas corporation. You can sell your product in the domestic market for $x/gallon. Or, you can sell your product into the foreign market for 1.Y*($x/gallon). Now, who do you actually work for? The answer is the shareholders. So, do you tell the shareholders, “Hey, I could have made more money for you, but I’m patriotic.”? I don’t think you’d work there much longer.
Also, producing gas for the domestic market is probably much more expensive. You have to meet all kinds of standards that you do not have to meet for the foreign market, making the cost end of your cost/profit equation that much better for the stockholder.
In addition, if you saturate the local market, yes it does drive down prices. That means you make even less on the gas because you sent it here.
I think the oil companies have an allegiance to their stock holders to sell their product in a manner at at a price that will be most profitable.
Is the freakin almighty dollar so important that you'd place the country of your birth in jeopardy?
You traitor b@$t@rds!
refiners here are shipping more gas to other countries.
They have as much allegiance to the U.S. as does Obama.
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As a believer in free market capitalism, I think that it’s simply a matter of a business selling their product to willing buyers at market prices (all the while producing American jobs and wealth). Demand is down in the US thanks to Obama’s slow destruction of the American economy.
I suspect you’d have to look long and hard to find a Canadian (which has an economy that is outpacing the Obama-hindered American economy) who would say it would be “un-Canadian” for Canadian producers of crude to sell/export the crude to the United States.
If we say we believe in Freedom but begin to demonize folks who exercise that freedom we are slip-sliding away toward progressive beliefs.
The are doing what any good company does and should do which is maximize their profit. I do not own any oil wells or refineries or gas stations or even any stock in the companies that do. But I am all in favor of those who do own those things making as much money as they can. If I think they are making too much then I will invest in their stocks, buy a well, or open a gas station. Do you sell your labor cheap so as to benefit the rest of us or do you try to earn as high as wage as you possibly can?
BTW. check this graph out. The big oil companies combined do not earn as much as Apple. Why know hate and greed towards Apple? “blogs.scientificamerican.com/plugged-in/files/2013/11/Apple-oil-profit-margins.jpg”
Oh, get over your Marxism and get a grip.
Businesses want to make a profit and, if they don't, they go out of business.
allegiance? Sorry, but the value of the dollar not allegiance is the reason for what you pay at the pump.