Tuesday, May 20, 2008

Big Oil

Are you sure American oil companies are the bad guys? Before you (or Obama) complain again about Big Oil, read this from Pundit Review.

The short version:
• Oil is 7x more expensive since 2002 but gas is only 3x more.
• Oil companies' "windfall profits" are about the same percentage as any other company.
• They already pay an obscene amount of taxes (before Obama punishes them)…
• And so do you: in every gallon of gas you pay 61¢ in taxes and only 10¢ in oil company profits.

1 comment:

Dionne said...

Yes, the government makes a lot more profit off of gas than the oil companies do and they have nothing to do with the production of it.

I am really getting tired of oil companies being the ones who get demonized when its the environmentalists who are really driving up the price of gas.