Capt. Stamina
06-09-2008, 04:40 PM
Article here. (http://www.washingtonpost.com/wp-dyn/content/article/2008/06/08/AR2008060801687.html)
Gellis Indigo
06-09-2008, 05:59 PM
How 'bout this one (http://www.freerepublic.com/focus/f-news/1621761/posts), written in 2006....but it certainly is pertinent to today as well, with the national average for a gallon of gas at $4.02/gallon.
Gov't Gas Taxes Exceed Oil Company Profits...(media continues to blame the big oil) (http://www.freerepublic.com/focus/f-news/1621761/posts)
Wednesday, April 26, 2006
While the media continues to blame the big oil companies for gouging U.S. motorists as they collect record breaking profits, the windfall profits raked in by the government in the form of energy tax revenue actually dwarf the oil companies' jackpot. The press sounded the alarm last year when the largest U.S. oil company, ExxonMobil Corp, announced profits of $36 billion. But according to the Tax Foundation, the biggest price gouging profiteer was the U.S. government, cashing in to the tune of $54 billion in oil and gas taxes.
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