[comebacknewt]

Sad that a majority is too stupid to realize that increased taxes on oil profits = increased prices at the pump.

[Dahoser]

Sad that a majority is too stupid to realize that increased taxes on oil profits = increased prices at the pump.

Which is why we're in a lot of trouble because people really don't get it. I'll bet the support for increased drilling has more to do with those same people thinking the oil companies are intentionally not drilling so the price of oil stays high to keep their profits high rather than because the libs in Congress are blocking drilling. And so by supporting more drilling, these people probably think they're going to stick it to the oil companies.

[Carling]

Tens of millions of Americans have money invested in “Big Oil” through either a muni fund, 401k, or an IRA, AND THEY DON'T EVEN KNOW IT.

Not to mention literally hundreds of thousands of Americans are employed by “Big Oil”.

[esarlls3]

If people want to tax windfall profits on higher oil prices, they should look at Government. Government already makes more profit on oil than the oil companies do. They should share their windfall with the people by reducing taxes which must become embedded in retail prices.

[singfreedom]

Really. Every time I think the American public might be getting smarter, they find some way to prove me wrong-—like defeating Rep. Davis in Tenn. Inexcusable.

[scannell]

Sad that a majority is too stupid to realize that increased taxes on oil profits = increased prices at the pump.

That is correct, people are too stupid to understand that corporations base their performance on "after tax" ROI (Return on Investment). The only other variable is product pricing to achieve their financial model goals.

[ridesthemiles]

Sad that a majority is too stupid to realize that increased taxes on oil profits = increased prices at the pump.”

Also that such taxes could delay the revenue stream needed to find and drill for new sources of oil. I don’t want to punish the company that knows how to put gasoline into my truck.

[Rurudyne]

Not hard to understand.

About 40% of Americans are socialist and apparently like taxes no matter what their I.Q. (or else they wouldn’t vote for Democrats).

And half of the rest should statistically have below average intelligence (well, below average for those wise enough not to fall for socialism).

So with 70% of the people either being socialist or being on the underside of the curve it’s not hard to see where half can believe the incredibly foolish propositions put forth by the Democrats (like raising taxes or regulating free markets through increased federal power will somehow help oil supply).

[dearolddad]

Sad that a majority is too stupid to realize that increased taxes on oil profits = increased prices at the pump.

Agreed! I am amazed that the general population can't seem grasp the idea that corporations don't pay taxes,they collect taxes from the folks that purchase their products/services and send the taxes to goveco.