Thank You Big Oil

According to recent news reports, oil prices have dropped due to weak demand. This can’t be right. Everyone, especially our esteemed senior Senator Carl Levin who routinely conducts highly publicized investigations, knows that oil prices are set by greedy oil executives. With their stock portfolios taking a beating, I would expect prices to soar as they continue to fuel their jet-setting lifestyles.

Certainly it’s not outdated economic theories like supply and demand dictating prices, but rather the whims of corporate fat cats. The drop in price must be because these grinches actually have a heart and decided to spare us poor carbon-spewing-fossil-fuel-guzzling addicts. In that case, thank you ExxonMobil, BP, and Chevron.

Update: According to news reports, ExxonMobil earned record profits this past quarter. Here's a side to the story you won't read in most of the media.

[Letter to the Editor - The Detroit News. Submitted 10/27/2008.]