Stock Traders are Evil ... Oil Tycoons are Simply Businessmen

I have to agree with John Hofmeister. It’s really irritating to hear people whine about how the oil companies are rolling in profits while the common man suffers. Dude – they are a business … making money is what they are supposed to do. If there was not money to be made, they wouldn’t put their time and effort into it. You work for money don’t you? So SHUT UP with the oil conspiracy theories! They could be making a helluva lot more in profit but if the stats are correct, their earnings match industry so it’s normalized.

The problem is entirely with the damn traders on Wall Street. Unfortunately, the solution is not very conducive towards the promotion of capitalism and would be even further detrimental to the economy to lay such seeds of unrest regarding nationalizing traded assets.