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

To: American Spirit who wrote (289738)	6/1/2006 4:36:06 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 1573739

RE:"Exxon is already putting $1 tax on gas, it's called gouging. But that money should be going into the public coffers so we can afford to build a new clean fuels infrastructure and give people incentives to save energy and switch to clean non-Arab fuels." Baloney. The federal Gas tax of $.18/gal collects more money than all the profits of the major oil companies together. Just think how much they could collect with another dollar.

To: American Spirit who wrote (289738)	6/6/2006 5:55:23 PM
From: TimF	Read Replies (1) \| Respond to of 1573739

Exxon is already putting $1 tax on gas, it's called gouging. Exxon-Mobil doesn't make over $1 net profit per gallon of gasoline sold, so it would be pretty hard for them to "gouge" a dollar of "excess profit". XOM's profit margin is lower than many other companies, and the gas/oil/energy industry as a whole also has lower profit margins than many other industries. Well at least the publicly traded companies in the industry have lower profit margins. Some of the giant national oil companies in OPEC countries or Russia might have large profit margins, and they have the biggest oil reserves.