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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: longnshort who wrote (285589)	4/26/2006 10:14:11 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 1572860

Large oil companies profit margins range from about 7% (RD or BP) to 10.7% (XOM). Doesn't look like gouging to me. Drive on.

To: longnshort who wrote (285589)	4/26/2006 10:18:41 AM
From: Road Walker	Read Replies (1) \| Respond to of 1572860

re: 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. "Tax collections on the production and import of gasoline by state and federal governments are already near historic highs," the think tank says. "In fact, in recent decades governments have collected far more revenue from gasoline taxes than the largest U.S. oil companies have collectively earned in domestic profits." And then the fed turns around and gives it back to the oil companies in tax breaks. Who get's it (where) and who pays it?