You, like many, just don't get it.
If I make widgets, and earn 10% profit on a hundred ... I make 10% profit.
If I sell 200 the next year at 10% profit ... I make "record" profits, but I am still making 10% profit.
It's really not that hard to understand, once you get past the B/S Congress and the rest of the socialists pour down your neck.
You, like most economists (of sorts) do not “get” it either, this is a business issue with political repurcussions.
The oil industry receiving tax breaks while making record profits on record prices is dissonant to the average person, it does not compute at a gut level.
That means the US Voting public wishes to put a foot in “Big Oil’s backside and the deeper it goes, the happier they shall be, politicians are in the business of making voters superficially “happy” even if politicians are the ones doing the screwing of the gas buyer
And BTW Mr. Mason, if you actually “read” my post, instead of using a partial sentence to revert to a talking point, you would have discovered that “I” was trying to explain what you posted, and the audience just is not there for it.