by BKWorldEnergy » Tue 21 Feb 2006, 23:23:45
$this->bbcode_second_pass_quote('GotToStopGreed', 'B')K - first you have to see the industries you say are needed as just that- needed. But these industries run on number crunches for the most part. They use the vast amount of money they get from many to pay the few th
I do not know about insurance and your other examples, indeed I am a bit skeptical of how the formula work out myself, but the oil and gas energy is powered by geologists and engineers. Three guys with degrees in the hard sciences can put some funding together and develop oil and nat gas that we all need to get from point a to point b and to keep the lights on.
Yes, there are accountants and finance people, but there is a reason for them to be there - it's to manage a business that has to have hundreds of millions of dollars for one project that may or may not work out.
Those are extremes obviously, but they illustrate the point - our oil and gas industry is not just number crunchers - far from it. As one might expect, the bigger the company the more slippage there is in costs - some call that overhead. It's normal. More overhead means more cost of product. It's the same thing for cheeseburgers or toothpaste.
But I heartily object to classifying the people in the oil and gas industry categorically as greedy and money focused. There will always be some, but that is true of any industry from the biggest to the smallest.
Quite frankly our desire for cheap energy and our belief that we are entitled to it keeps them doing what they are doing. If there is someone to blame - it is you and me.