Sunday, December 13, 2009

Since Dems call Oil companies ';bad'; are Oil executives fleeing for huge dollars at ethanol companies?

The CEO of Archer Daniels Midland earned $15 MILLION last year.





ADM is the largest ethanol producer (they get $.50/gallon from the Dems and Uncle Sam).





Anyway, she used to be in charge of Chevron's world wide refining.





So, she left a ';bad'; firm for a ';good'; firm and is still getting a boatload of money.Since Dems call Oil companies ';bad'; are Oil executives fleeing for huge dollars at ethanol companies?
To tell you the truth I wouldn't be surprised about it. But to be fair on the other end is OIL companies only pay .015% of their total profits in taxes. And that's thanks to Rep's that give oil companies all the write offs.





One more thing, Bush Sr and two partners bought up three small companies three years ago and is making ethanol. They also got the state of Texas to drive out all the other ethanol companies so Bush's company is the only one selling in that state. I also read where they were pushing to out law all the other ethanol companies in five other Rep states.Since Dems call Oil companies ';bad'; are Oil executives fleeing for huge dollars at ethanol companies?
And the problem with this is what, exactly?





Suppose she did ';flee'; an oil company for a more environmentally sound company like ADM. What's wrong with that? Are you under the impression that Chevron just left her position vacant after she left?





If you Republicans claim to be such defenders of big business, why do you know so little about how business actually works?
Oil executives are not the same thing as oil companies. If an oil executive decides that overreliance on fossil fuels is a bad thing, it doesn't matter; they do not have any power to cut back on oil production.

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