By Richard Dawahareand Mike DiGiuroShould Oil Companies Be Allowed Unlimited Profits?Richard said:Businesses that receive no public assistance (government aid) and who operate in a competitive, free market for non-essential products are entitled to whatever pre-tax profits they are able to generate. Big oil fails each of these tests and so should not be entitled to unlimited profits.First, since 2000, American oil companies have received over $14 billion in direct government aid, often under the guise of humanitarian aid to poverty-stricken Third World countries under the World Bank program. Add in billions more in infrastructure and the Iraq War, largely fought for oil, and these companies have received huge public aid.Second, oil, like water, is an essential human resource. To allow profit maximization at the expense of...
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