So is Sen. Ted Kennedy...he owns more oil companies than any politician in the US. Also, if you contribute to a 401K, you probably are benifiting from the oil prices too.Is bush getting rich from these oil prices, after all hes friends with osama bin laden?
Oil corporations are publicly owned. 80% of stock holders are private US citizens. 40% of them private investors and the other 40% are through mutual funds and 401K's. So those people getting 'rich' include moms, dads, grandmoms, and granddads who have retirement investments in oil companies. Oil company profits are higher than normal because prices are higher but based on the percentage of cost they are inline with most corporations at about 10%.Is bush getting rich from these oil prices, after all hes friends with osama bin laden?
no, hes not friends with him! the oil prices are only high because of the middle east [ where we get our oil from!].
hes not gettin rich, he even tried to talk to the middle east and ask them for the oil prices to go down.
I'm sure he is in some ways if not officially. The rising oil prices will never go down until we get another President in office who actually cares about the people who are continually paying big bucks at the pump, cause we all know Bush doesn't.
Your comment about Bush being freinds with OBL makes the question silly
somewhere along the line hes benefitting . and well !!!
By all means. He is set for life!
I believe he is!!!!!
you bet ye
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