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Politics : President Barack Obama
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To: worksinjammies who wrote (21935)5/18/2008 5:44:05 PM
From: Nicholas Thompson  Read Replies (1) of 149317
 
you can imagine that the oil companies do not pay $125 a barrel or $3.00 a gallon for their crude. They pay a lot less especially those with 20 or 30 per cent controlled domestic production and long term supply contracts overseas at considerably less than $125. Using transfer pricing and ultra liberal depreciation they are hiding tens of billions of profits , as an industry, each year, lately.
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