They put almost all of it back into the ground. It is not like they have a giant vault somewhere. Also, the Intangible Drilling Cost right write off is the same manufacturing write off that manufacturers (like steel for GM cars, etc.) In addition, the Oil and Gas Industry pay more taxes than any other domestic industry. Most of the liberals know all of this, but they go to where the money is.
The oil companies shouldn’t be taxed at all!
“Big Oil” didn’t pay billions of dollars in taxes...YOU DID!