Jump to content
Objectivism Online Forum

How Oil Companies Use Their Profits Is Their Own Business

Rate this topic


Recommended Posts

By David Holcberg:



It is highly disingenuous for President Bush to call on oil companies to expand refining capacity, when environmental regulations enforced by his administration continue to make it extremely costly to open new refineries.



And it is totally inappropriate for the President to call on oil companies to invest in research of "alternative" energy--he doesn't own these companies and should not use his position to pressure them. What if oil companies judge that investing in the discovery of new oil deposits makes more sense than improving wind turbines?



In a free economy the government has an obligation to protect the right of businessmen to make their own decisions and to run their companies as they see fit. How energy companies want to use their profits is their own business--not the government's.



http://ObjectivismOnline.com/blog/archives/000830.html
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...