Meet The Press
There are a bunch of serious, smart people on Meet the Press today (including Daniel Yergin and Jim Cramer), talking about energy prices.
And then there's Sen. Durbin.
The contrast is really pretty stunning.
Cramer had a nice line about ExxonMobil's profits. I'll post it later when a transcript is available.
MR. CRAMER: I, I think if they could drill they would drill. If they could refine more, they would. These are companies that are run for the shareholders, but they’re run to be able to produce as much oil as we can possibly use. They want to do that. Lee Raymond, he, he generated $67 billion in profits for his shareholders. I think that that’s a reasonable return, $144,000 a day. Katie Couric makes $85,000 a day. What value has she created vs. 67 billion by Lee Raymond?
I think a windfall profits tax on media talking head gasbags is a GREAT idea!
Jim Cramer rocks.
Posted by Kevin Whited @ 04/30/06 10:41 | Other | Technorati
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