Big oil is your friend
Posted by Big Gav in big oil
AutoBlogGreen points this clip of the Colbert show, where Stephen explains that big oil is a non-profit entity and that this should be well understood by anyone who pays attention to their advertisements.
You may have seen an ad or two by "The People of America's Oil and Natural Gas Industry" lately. With price reaching $120 a barrel and $4 a gallon, the monopoly fuel for transportation in the U.S. apparently feels the need to do a little explaining. A spokesmodel on TV tells us there's enough oil here to fuel 60 million cars for 60 years (if only we let the oil companies go get it.) A voice on radio suggests we stop knocking oil companies because they are us; we all own a piece (through our pension funds). We really ought to stop beating up on ourselves.
Last night, Stephen Colbert took a closer look at a newspaper ad on "The Price at the Pump." He discovered "oil is a zero profit business."
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