View Single Post
Old 04-17-2013, 01:07 PM   #38 (permalink)
kach22i
Master EcoModder
 
kach22i's Avatar
 
Join Date: Jul 2011
Location: Ann Arbor, Michigan
Posts: 4,179
Thanks: 127
Thanked 2,802 Times in 1,968 Posts
WSJ Op-Ed Uses Debunked Exxon Talking Point To Obscure Massive Oil Profits | Blog | Media Matters for America


Quote:
So does the government really "rake in a larger profit at the pump" than oil companies? The federal government certainly doesn't. According to the Congressional Research Service, the five major oil companies made almost $133 billion in profits in 2011. Exxon alone made more than $41 billion. By contrast, the federal gas tax generated $24 billion in revenue for the Highway Trust Fund in 2011.
Interesting that this thread was started so late in the night, is this topic what we think of when we cannot sleep?
__________________
George
Architect, Artist and Designer of Objects

2012 Infiniti G37X Coupe
1977 Porsche 911s Targa
1998 Chevy S-10 Pick-Up truck
1989 Scat II HP Hovercraft

You cannot sell aerodynamics in a can............
  Reply With Quote