On 5/12/2011 9:54 AM, Tim Daneliuk wrote:

A few random facts:

- There are something like 7 major oil companies - hardly a monopoly.

- At least in the US, the major oil companies pay about the same
in taxes as they make in profit.

- The biggest component in the price of gas is the price of
crude:

The working class pays something like 88 cents direct tax on every
gallon of gas to the government, far more than the people that own the
gas companies, and that is not including the large indirect taxes the
working class pays when the oil companies indirectly charge them for the
38% corporate tax the people pay.

None of this stops the Usual Suspects from whining about how
unfair it all is, how they are being gouged, and how they deserve
what they want at a price they think is "fair".

Exxon-Mobil's profit margin is 8.2%. MicroSoft, a true corrupt monopoly
that everyone stupidly loves, has a profit margin of 30%. In addition,
MS return on investment is almost 2x's that of Exxon-Mobil, yet
dickheads at all the major media, including Bill O'Reilly, think XOM
makes obscene profits. I suggest they all buy stock in XOM, and get
filthy rich if they think the oil companies make sooo much money.

BTW, Exxon-Mobil is the the most heavily taxed (actually you pay the tax
when you buy gas) corporation on earth, paying like $30 BILLION in taxes
whilst GE pays NOTHING. Again, dickheads around here think OIL
companies are buying off congress, while GE give billions to OBAMA and
the socialist anti-amerikan dems to avoid taxes completely.

--
Jack
You Can't Fix Stupid, but You Can Vote it Out!
http://jbstein.com