Oil Posts Record Profits......Again

Second quarter profits for oil companies reach record levels again. The first thing I heard was oil co's justifying it. They were per-tax dollars yada, yada, yada. Well, I'm sure with all the tax breaks and shelters, I doubt if they paid any taxes. Then it was that they were going to invest more in exploration, supposedly they already are. Profits are just that, what's left after the bills are paid!!!! Where are our politicians now? We always hear how good our economy is, and how many jobs were created, well how many jobs were lost in the same period! The oligopoly of oil companies will cause some serious problems in this country and our politicians are letting it happen. When oils prices go up, so does literally everything else, eventually. The only ones who really benefit from oil prices are the CEO's, the politicians, and the investors. So it looks like the price of oil they process has nothing to do with that cost of what they pay, if it did, their profits would not be as high.
It seems to me that oils prices have more to do with the security of the US than the terrorists. The middle class of Americans are taking a beating all the way around, from medical prices, to wages, to retirement! Soon there will be two classes of people, the rich and the poor. And believe me the rich won't take care of the poor.
I will provide an example: Today, I was talking to a retired GM executive, I mentioned the lay-offs at GM, and he stated that he didn't care as long as the stock prices kept rising, and the more they lay-off the more money he would make. This person's family has money also, he gets 30,000 per year from his father's millions, as does the rest of the family. His father is still living. It must be nice to not be too affected by external things, to have a life that says "it's all about me", not the world.