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This is just truly painful to read. You geniuses do realize of course (of course not, I guess) that the US, BY LAW, is not allowed to export oil that it gets from its territories.

Whether that's in Bakersfield, off the California coast, in Texas, the Gulf Coast, or if Dubbya gets his way and gets to drill in ANWR... ALL ALL ALL ALL ALLLLLLLL of this oil stays in the US for US CONSUMPTION.

The US DOES NOT EXPORT OIL. It's the law. Look it up!

I'll agree with the above poster in the fact that david d knows near to nothing about the economy or anything politically related. When businesses are free to make profits (meaning government intervention out of the way) this starts a cascade of events that are beneficial to all parties.

Also you're statement about former presidents making their money by speeches and other events is completely ridiculous. The "ex-president" makes a % of the current cabinet make-up after his term has ended. While in office, the president currently makes $400,000/year and after term it's close to $200,000/year; I seriously doubt that he will have economic problems. Plus he has investors that make him tons of money on the stock market (which is also beneficial to everyone). Please learn about how your country works before you say something ignorant.
Check the link:
http://en.wikipedia.org/wiki/US_president#Salary

If you're concerned with companies making massive amounts of profits, then you and yours need to leave this country immediately. Economic and personal freedoms, along with property rights, are what this country was founded upon. This social democracy where we have the war on "corporate greed" is pathetic. The US should be a republic (not associated with 'Republicans', just a republic. This means that there are objective rules to follow, not rules made by people who have money (lobbyists) and can influence other people who make rules (congressman)).

You (assuming that you work) should be concerned with how much the GOVERNMENT makes per gallon of gas, which is faaaarrr more than the oil companies make. The average the government takes on a gallon is 40 cents, probably about 10 times what oil companies make.
This along with income tax are what the government STEALS from you and me and everyone else that's trying to make a living.

If you want someone to blame or point fingers at, its the government. They are the root of most of the problems in the US to begin with....

Contact me if you want any more information about any of these topics. Or for your own sake, read something enlightening before you starting spewing forth crap you know (apparently) very little about.

No, very simply put. Profits by large oil companies are not driven by them being able to find and produce more oil, it is based on the inflation of price on the cost of a barrel of oil. David, you are a complete idiot on your theory of allowing off-shore drilling saying it will hurt us. It can only help our economy by allowing us to purchase MUCH less foreign oil and this will in turn lower gas and diesel prices. Right now, we can not import any diesel gas from foreign countries due to their HIGH demand of diesel. We need more production in the off-shore sites in the gulf coast and California coast. Oh yeah, why aren't they drilling in spots such as Alaska to produce oil? Well, let's see, do you even know how much it costs to build a site and send that crude oil down to the Lower 48?? HUH? You are such an idiot. We have an abundant amount of proven areas of oil reserves in the Gulf Coast. Oh and since you are an ignorant greenist, you should also know that oil spills will actually reduce if we are allowed to drill off-shore in areas close to the US BECAUSE, and this is a proven fact, oil spills occur five times more often when we IMPORT crude oil. There, does it not only satisfy the inflation of gas and diesel prices, but also PROVE to you that less imports are BETTER for the environment. When will you thick-headed hippies ever understand the true economics. So what if large oil companies are making a lot of money, their profit margins are still the same. They have to find reserves at a 103% rate each year to keep gas at the price it is now as well. Money is being spent very heavily in researching exploration to keep at this rate. Also, refining is at an all time high rate in the 90% range. You should be thanking the large oil companies for operating as hard and efficiently as they are right now or we would be in some very steep prices for gas and diesel. Now sit down, and let a smart economist submit the next column.