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To the editor: Sen. Barack Obama’s new energy plan is a farce and a cruel joke on the American people. In his divine wisdom, he is going to decide how much profit a company can make.
With the oil companies, it does not matter the profit margin is low, i.e. Exxon 8 percent, Disney 14 percent, Google 27 percent and Microsoft 28 percent.
What matters is you think Exxon makes too much money. Obama is going to take Exxon’s profits for five years and give a one-time payment of $1,000 per family to offset high heating bills in this winter.
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