Not to worry. I don't see this ever happening. It's just a socialist dream. To do something like this would be to destroy the company and ultimately that industry. These Democrats (read that Communists) are so whacked-out that it isn't even funny.
I heard on the radio (think it was Roger Hedgecock on Rush's show) that the oil companies make 6 or 8 cents per gallon on the gasoline that they produce. To me, that certainly isn't excessive.
... and $.10 for ever dollar of revenue.
Microsoft made $.30 per dollar of revenue
Merck made $.26 per dollar of revenue.
It's call capitalism
The Baltimore Sun's buildings - like the dozens of Kohnman-Heinz mansions - are heated completely with solar power and cycled deep well water - just like President GW Bush's home at his Crawford Texas ranch...
The Baltimore Sun's vehicles - like the dozens of Kohnman-Heinz SUVs and limos - are fueled natural gas conversions or electric power or are hybrids - just like President GW Bush's vehicles at his Crawford Texas ranch...
The Baltimore Sun's buildings - like the dozens of Kohnman-Heinz mansions - use rain water cistern and recycled "gray water" - just like President GW Bush's home at his Crawford Texas ranch...
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PS - Recall Kerry (3.2Bn) & Edwards (90Mn) telling us on live TV during the 2004 campaign "We are on the 'waiting list' for new Ford hybrids" [but months before it wuz a Japanese hybrid!]
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FACTS:
- GW drives a Ford PU with natural gas conversion at the ranch - also has several electric-powered golf carts, off-road vehicles, and multi-fuel vehicles
- The Bush ranch house is built of native Texas stone designed to use the sun to absorb and slowly release solar heat
- The Bush ranch house catches and uses rain water in below grade cisterns and also treats and recycles "gray water" to use in toilets and to irrigate the grass, plants, and trees - it also uses lotsa them thar ol' windy-powered tower things to pump up water fer the horses, cattle, dawgs, and ranch hands
-- SIDE NOTE:
When have y'all last seen ol' Jimmuh Caarter (or his equally dumb son now running for the US Senate out west!) wearing a...... sweater this winter?
If this "economist" thinks the profits should be returned to the American people, I guess he doesn't know where they do go. Here's a helpful guide for him; the profits (i.e., the excess of revenue over costs) go to three, and only three, places:
1. Income tax -- i.e., to the American people
2. Dividends -- since a majority of American families have direct or indirect investments (e.g., pension funds, mutual funds) in oil companies, dividends go to the American people
3. Reinvestment in the business -- to make sure there will be future oil products for -- yes, you guessed it -- the American people.
Raw income numbers are meaningless. If these idiots invested 100 dollars and got a 10 dollar return (10%), then that's obscene! Gimme a break. (rolling eyes in disbelief)
... and when the oil companies have low or no profits, like during the oil glut of the 80's, will the government give the "appropriated" money back? Of course not. This isn't about making money, it is about stealing it.