To: Sub-Driver
While the media continues to blame the big oil companies for gouging U.S. motorists as they collect record breaking profits, the windfall profits raked in by the government in the form of energy tax revenue actually dwarf the oil companies’ jackpot.
3 posted on
05/08/2007 2:10:12 PM PDT by
george76
(Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
To: george76
"the windfall profits raked in by the government in the form of energy tax revenue actually dwarf the oil companies jackpot."
Yep. In their most recent quarterly earnings announcement, Exxon-Mobil reported $9.280 billion in Net Income. They also reported total taxes paid of $24.5 billion (Source)
141 posted on
05/09/2007 5:28:12 AM PDT by
Wyatt's Torch
(I can explain it to you. I can't understand it for you.)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson