How the GOP Can Counter Pelosi on Energy

American Thinker ^ | August 17, 2008 | Patrick J. Casey

[aShepard]

............I wouldn’t be surprised to see a “windfall profits tax” attached to Pelosi’s bill.............

I do not understand why the oil companies haven’t countered the windfall profits issue!

Here’s the 2007 ExxonMobil profit breakdown for 2007

Profit by area: $Bil:.........US...........Non-US
Upstream (drilling).........2,212.........13,512
Downstream(Refine.mkt.).1,128........2,175
Chemicals.........................360...........1,422
Other..............................44..............0
.
Total ........................3,744 .........17,109

So here’s a US company that earned 18% of its income in the US, and Pee-lousy wants to attack all of its earnings, US and world??

What a stupid move. Exxon could move it’s headquarters to say, France, and lift its middle finger to Pee-lousy and all the other stupid idiots in Washington!