[thackney]

no relation to increased tax revenue with increased production

Production decreased, not increased.

[American in Israel]

The feds have further exploration locked up, so the oil will continue to taper off as the present fields go dry. You could stop all taxes and that will not refill the fields.

Drill new fields and you get more oil. No drill and the pipe runs dry. Fact of life

[lewislynn]

Production decreased, not increased

Is that a graph or a rorschach test?

Silly me I confused record profits with increased production. Who could guess that reduced production would result in record profits?

So do record profits have anything to do with increased tax revenue? Or is increased tax revenue only due to Palin tax increases?