Does ‘Big Oil’ deserve our scorn?

The Montana Standard ^ | 02/07/2008 | Shaun Hoolahan

[rivercat]

So, after some research, it looks like the oil company makes about 30 cents per gallon in profit, and the government(Fed+State+Local) makes 62 cents per gallon, in California.

[rivercat]

Oops! I meant to say 10 cents per dollar profit for the oil company. So with $4.00 gasoline, it’s 40 cents profit for the oil company, and 62 cents for the gubmint.

[goodnesswins]

per dollar or per gallon for both?

[rivercat]

10 cents per dollar for oil companies, and 62 cents per gallon for gubmint.

[Species8472]

'Big Oil's' Big Owners do.

That would be anyone invested in a retirement, mutual fund, IRA or the stock market:

In other words, US!

[Carry_Okie]

"Us" isn't who is pulling the strings, sirrah.

[norraad]

Sorry, but this must be said until it sinks in;

What is outrageous is that the Saudies are making a 5000% profit on the oil they pump. THEY ARE ACCUMULATING OUR DOLLARS FASTER THAN WE CAN PRINT THEM! Soon they will be able to buy our entire country, just because we we too stupid to drill for our own oil.

& we have more oil under us than they do!

[oprahstheantichrist]

No one has yet addressed the demand issue. The majority of our 20 - 30 million illegals did not drive in the third world hell holes that they came from. They do now.

It's driven up the price of used cars, also. Anyone tried to buy a thousand dollar beater lately? They don't exist. Anything that runs is three grand. Demand is way up.