
So as the price of oil eats holes in everyone’s wallets, and I find more and more of my not-increasing-this-year bi-weekly pay poured into my car’s gas tank (no, I don’t drive an SUV and despise people who do so needlessly), BP has released its quarterly report.
I’ll spare you the need to pore through the boring details, and give you the skinny: BP made a profit of $7.27 billion dollars in the second quarter. In more human terms: that’s in excess of $55,000 per minute.
ExxonMobil’s profit? Even higher! A record $10.7 billion in the second quarter. That’s about $1,353.47 every second.
Think about that next time you’re filling your gas tank and grimacing at the cost. Or crying at the pump, as I’ve seen many a soccermom-in-a-Hummer do lately (though I admit to taking a morbid delight in that).
Yes, yes I know, criticizing oil companies is the vogue thing to do these days, and the Big Oil head honchos will tell you that if we want gas prices to go down, we should simply use less gas. But I also say that maybe it would be nice if the powers that be considered developing and making available alternative fuels. E85, for instance. I’d LOVE to drive a vehicle that runs on this stuff, but there’s not a single publicly-accessible station in my state that dispenses it. Why?
I’ll tell you why. E85 doesn’t make large oil conglomerates close to $1,400 a second.
Neither do electric cars. Of the 5,000 that GM has ever manufactured, they chose to crush 4,000 rather than sell them. Nice, huh?
Sadly, Bush is right about our addiction to oil. But what alternatives do we have? the current state of things is akin a drug dealer telling us we need to kick our heroin habit, while they hoard all the methodone.