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.
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Interesting that this thread was started so late in the night, is this topic what we think of when we cannot sleep?
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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............
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