It's time to play compare headlines:
High Gas Prices Draining Schools
Sky high gas prices has school districts paying through the hose. And that's taking money ear-marked for kid's education.The Appleton School District had to spend an extra 200-thousand dollars on diesel fuel for its bus fleet this year.
They'd rather have spent the money hiring four teachers than at the Lamers Bus Yard in Menasha. School officials say they anticipated gas prices would soar.
http://www.msnbc.msn.com/id/9056150/
Compared to this:
Oil industry awash in record levels of cash
But a smaller portion of profits is going to find new oil discoveries
When major oil companies report their quarterly profits next week, they're once again expected to post record numbers. With crude trading around $60 a barrel, the oil industry is enjoying one of the biggest windfalls in its history. But as the industry looks for places to put that cash, it's finding it harder and harder to put funds to work finding new deposits of oil and natural gas.
By just about any measure, the past three years have produced one of the biggest cash gushers in the oil industry’s history. Since January of 2002, the price of crude has tripled, leaving oil producers awash in profits. During that period, the top 10 major public oil companies have sold some $1.5 trillion worth of crude, pocketing profits of more than $125 billion.
“This is the mother of all booms,” said Oppenheimer & Co. oil analyst Fadel Gheit. “They have so much profit, it’s almost an embarrassment of riches. They don’t know what to do with it.
http://www.msnbc.msn.com/id/8646744/
So, Appleton will cut 4 teachers while big oil has no idea what to spend it's money on.
Maybe they'd like to hire some teachers.
No comments:
Post a Comment