Friday, July 28, 2006

A letter on Oil Profits from ARI

Oil Companies Should Not Apologize for Their Record Profits

American oil companies should be proud of the record profits they earn through honest and productive work.

Oil companies are in business to make as big a profit as they are able to--and they have an obligation to their shareholders to do exactly that. A company's right to the pursuit of profit--like an individual's right to the pursuit of happiness--is essential to America's freedom, greatness and prosperity.

Just as there can never be an "excessive" or "obscene" amount of personal happiness, there can never be an "excessive" or "obscene"amount of profits.

David Holcberg
Ayn Rand Institute
Irvine, CA
2121 Alton Parkway #250
(949) 222-6550 ext.226

Copyright (c) 2006 Ayn Rand(R) Institute. All rights reserved.

I agree. I've tried to see the "moderate" point of view on this, but I really don't. The sins of corporations, peccadillos really, are nothing compared to the sins of commission and omission of governments.

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