While they’re at it...could they lower the price of a gallon of milk and a pound of butter? Maybe lower the price of a package of diapers, too? And why do tennis shoes now cost hundreds of dollars for some canvas and rubber?
Thanks! :)
“Why not establish a gasoline marketing board? “
And just one more smart-@ss comment:
OPEC, anyone? It’s been Oh-so-effective! Not.
Well, duhhhhh... And oil was the cause of the boom in the 90’s—not Bill Clinton.
more small oil
Oh, I am sure Mr. Goebel works for free, aren’t you?? If not, surely he could volunteer to take a 50% pay cut so that his employer can hire another employee.
If it’s a good thing for the oil companies to do, then surely it’s a good thing for him to do, as well!
According to IRS data for 2004, the most recent year available:
Total number of tax returns: 130 million
Number of Tax Returns for the Bottom 50%: 65 million
Adjusted Gross Income for the Bottom 50%: $922 billion
Total Income Tax Paid by the Bottom 50%: $27.4 billion
Conclusion: In other words, just one corporation (Exxon Mobil) pays as much in taxes ($27 billion) annually as the entire bottom 50% of individual taxpayers, which is 65,000,000 people! Further, the tax rate for the bottom 50% is only 3% of adjusted gross income ($27.4 billion / $922 billion), and the tax rate for Exxon was 41% in 2006 ($67.4 billion in taxable income, $27.9 billion in taxes).
Maybe we could ask the biggest profit hounds that make the most per gallon to cut their profits. The Federal and state governments!
If your numbers are correct, it appears they just desire a much larger profit.
When Al Gore demanded that gasoline needs to cost $5.00 per gallon(on national prime time television during debates) in 2004 and half the people in the United States voted for him, do you think the power players of the world's petroleum markets didn't take notice?
who’s “forcing” this twit to buy gasoline?
Since producers are making large profits it can only mean that supply is being artificially kept down so as not to keep up with demand.
Refineries not being built because of excessively high regulatory hurdles and new sources of oil not being accessed due to environmental prohibitions: these are the artifical barriers to supply.
People are right to be suspicious of oil companies being able to make such high profits for so long.
But they should not point the finger at the suppliers, but at the people, AKA gubmint, that is keeping the current suppliers and potential new suppliers from matching supply to demand and bringing prices more in line with what would be expected in a free market.
Weak dollar.
Yes.
1. What percent profit did Exxon Mobil take in?
2. How much in taxes did the government take from Exxon Mobil?
The "author" is an idiot dem for sure.
Hey Richard, do you mind if I call you Dick? Yeah, you are wrong on the math.
Sad to say that this moron's thinking is too common in this neck of the woods, which is why murtha is my congress critter and Rick Santorum is no longer my senator.
Hey Ronnie, Exxon-Mobil +$1.64 today...woo hoo.
When all else fails, break out the class warfare.
[So Exxon-Mobil could reduce the price of a gallon of gasoline to $1.50 and the company still could earn $40 billion in profits in two years. Am I wrong on my math?]
What margin of profit does $40 billion represent for Exxon?
Just asking.
We could also ask to have some of those taxes on gasoline dropped to reasonable levels. In Washington State, we are paying a total of 41.4 cents a gallon (total state and federal).
This dependence on gasoline for taxes causes more problems than high fuel prices. As motorists begin to drive more fuel efficient vehicles and limit their driving, there is less tax revenue. Now what?
In Washington State, the legislature is thinking about tolls on the major freeways to make up for the downfall in revenue. Just what motorists need. Toll booths will make traffic flow worse.
This obsession with taxation from expensive, inefficient government is the root of the problem. And the reason that government is expensive is because of the costs of enforcement for all of the regulations by government.