"You read that correctly...58 Billion in taxes on fuel alone.."
True...but these huge quarterly profits for Big Oil aren't due to over-taxation. They aren't due to price of barrel of oil.
So where is the gouging coming from?
Simplton Americans think that "OIL" companies get all of their profit from Gasoline...which is as far from the truth as it gets...
A main source of their income is the mere fact that they are dealing a commodity that has since last year nearly doubled in value.
Instead of acting like Americans and using the contract or equity markets to hedge themselves...most choose to whine like socialist crybabys...demanding that their sugar daddy government tax the oil companys...
And of course we know that if the oil companys were slapped with a windfall tax, the price of gas would shoot up, and the slime bags in Washington would never roll back the tax. Further, you can bet that the tax would be used to fund yet even more pork crap...
Ridiculous...