The problem I have with this statistic is it is only for income tax. Oil companies typically pay other taxes that all add up to be 2 to 3 times larger than the profit they get to keep.
“I did a little checking and found that the industry pays an average 41.1% of net income in taxes”
Uhhhhh......You and I, as customers, are paying these taxes.
When Dems Obama say they want to tax the “evil Oil Companies remember it is you they are taxing.....consumers always are the ones that eventualy pay taxes....