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Where do the "obscene" oil industry profits go? Where do the "obscene" oil industry profits go?
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Where do the "obscene" oil industry profits go?
 
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Old July 29th, 2010, 02:09 PM   Digg it!   #1 (permalink)
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Where do the "obscene" oil industry profits go?
Yep, mostly to the government.

State and Federal Tax Collections on Oil Industry Exceed Oil Industry Profits

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"Governments have collected $1.95 trillion in taxes from the oil industry since 1981," said Hodge. "That's far more than the profits of major U.S. oil companies during the same period."


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Old July 29th, 2010, 02:27 PM     #2 (permalink)
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Hurry up and eliminate the oil industry so that the government has an excuse to tax the people more.
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Lack of government regulation is a bad thing. We definitely need the government to be more regulated.



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