Obama Hates Oil Companies, Thinks They Are Amoral
Filed Under (Uncategorized) by on 07-08-2008
No, I’m not embellishing, he actually said that.
Yes, but what does Obama himself believe? “I think oil companies are amoral. They want to make as much money as they can for their shareholders, which is what corporations do,” he says. “The difference is the nature of the kind of outsized profits they make that may have no relationship to their investments or their production. The fact, for example, [that] the shortage of refinery capacity could actually increase their profits so the less they invest the more they make indicates that you are not dealing with someone making widgets out there.”
Obama circled back to our conversation when a questioner at yesterday’s town hall meeting asked why he singled out oil companies. This time his answer ventured beyond refinery capacity and widgets.
“So the question is, does it make more sense for the oil companies to pay for it or does it make [...]
