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.
You are exactly right. If we open up federal lands to drilling, and then sufficiently tax the money that can be made from oil, we can be sure it won’t be profitable to explore and drill for oil in the first place!
Here’s the position of the oil companies right now, in paycheck terms. Suppose your paycheck stub showed you made $1,100 the last two weeks, but you notice that the government took $3,300. Would any citizen stand for that? But that’s what the statistics already posted above show. How hard would you work to create more money?