Cavuto Slams O'Reilly for "populace nonesense" blaming BIG OIL.

[BloodEclipse]

http://sayanythingblog.com/entry/video_neal_cavuto_and_bill_oreilly_almost_get_into_a_fight_over_gas_prices

Ok we have several threads talking about evil oil companies. Watch and let Cavuto explain (or try to) to O'Reilly what the truth is.
Logic means nothing when you can just cast blame..... This was sweet.

 

[mar_2343]

I thought that was an interesting analogy of oil and prices up down and all. The other thing I found interesting was the scroll bar at the bottom. There was another interview between Jessie Ventura and Cavuto that was never aired of fox news

 

[Norm Dicks]

Cavuto should be Treasury Secretary or Chairman of the Federal Reserve!
O'Reilly...........TV host.

 

[DustinG]

I don't understand the logic, the government hits the oil companies hard for turning profits for their shareholders (which the majority are IRA's, etc), but they bail out companies that fail?

So they want to penalize companies that succeed into the point that they fail and then they use tax payers' dollars after the government succeeds in these companies failing and bails them out?

This does not seem to be a market economy anymore...

 

[BloodEclipse]

I don't understand the logic, the government hits the oil companies hard for turning profits for their shareholders (which the majority are IRA's, etc), but they bail out companies that fail?

So they want to penalize companies that succeed into the point that they fail and then they use tax payers' dollars after the government succeeds in these companies failing and bails them out?

This does not seem to be a market economy anymore...

You would be correct.

John Hoffmeister from Shell Oil: I can guarantee to the American people because of the inaction of the United States Congress ever increasing prices unless the demand comes down and the five dollars will look like a very low price in the years to come if we are prohibited from finding new reserves and new opportunities to increase supplies.

Rep. Maxine Waters: And, guess what this liberal will be all about? This liberal will be about socializing... uh, will be about, basically taking over and the government running all of your companies.
That is the true agenda.
​

 

[jontheturboguy]

Im lost. Really am. Whos the good guy and whos the bad guy?

 

[Crystalship1]

Im lost. Really am. Whos the good guy and whos the bad guy?

You're not alone!!

 

[Fletch]

Im lost. Really am. Whos the good guy and whos the bad guy?

O'Reilly is the bad guy. He's distorting the truth, as Cavuto quickly points out, in order to promote a political agenda. And he is a big fan of government "managing" the economy, when government interference in the market is exactly why we are in a financial crisis right now. O'Reilly's a fan of using violence to solve problems, simple as that.

Cavuto is wrong however, when he says that oil companies are not trying to maximize profit. Every business needs to maximize profit. That's how they stay afloat, how they fund future projects and expansion, how they attract capital to their market sector. Reaching the market-clearing price for one's goods and services, where supply equals demand and there are no shortages or surpluses, is the goal of any business endeavor. Nobody wants unsold inventory, which is what happens when prices are too high, and nobody wants customers walking away empty-handed, which happens when they're too low.

 

[rhino]

I might say something like, "O'Reilly is is a tool," but I'm being nice today. He's not someone whose ideas overlap mine because we think the same way. Any time one of his opinions is similar to mine, it's a coincidence. Even a broken clock is right twice a day.

 

[right winger]

Big Oil

I don't understand the logic, the government hits the oil companies hard for turning profits for their shareholders (which the majority are IRA's, etc), but they bail out companies that fail?

So they want to penalize companies that succeed into the point that they fail and then they use tax payers' dollars after the government succeeds in these companies failing and bails them out?

This does not seem to be a market economy anymore...

Amen

 

[Bigum1969]

I might say something like, "O'Reilly is is a tool," but I'm being nice today. He's not someone whose ideas overlap mine because we think the same way. Any time one of his opinions is similar to mine, it's a coincidence. Even a broken clock is right twice a day.

O'Reilly has very little credibility in my book.