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:
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.
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