Goverment or Oil Company: Who makes more off a gallon of gas?

Discussion in 'Politics' started by LeftofLeft, Feb 28, 2012.

  1. LeftofLeft
    Online

    LeftofLeft Gold Member

    Joined:
    Oct 18, 2011
    Messages:
    5,370
    Thanks Received:
    915
    Trophy Points:
    245
    Ratings:
    +2,749
    Regardless of the price, $2, $6, or$10, is the oil company's profit margin greater or lesser than the government's margin (if any) ? Between the government and the oil company, who incurs more risk to get its margin?
     
  2. The T
    Offline

    The T George S. Patton Party Supporting Member

    Joined:
    May 24, 2009
    Messages:
    48,072
    Thanks Received:
    5,473
    Trophy Points:
    1,773
    Location:
    What USED TO BE A REPUBLIC RUN BY TYRANTS
    Ratings:
    +5,502
    Government does through taxation.
     
  3. Full-Auto
    Offline

    Full-Auto Gold Member

    Joined:
    Jun 13, 2009
    Messages:
    13,555
    Thanks Received:
    1,614
    Trophy Points:
    153
    Ratings:
    +1,615
    Government.

    But relax, The last time prices hit this level the democrats were very concerned about the effects high prices would have on the poor. WA.ST.

    Decision.................. Raise the tax ten cents.
     
  4. Avatar4321
    Offline

    Avatar4321 Diamond Member Gold Supporting Member

    Joined:
    Feb 22, 2004
    Messages:
    70,537
    Thanks Received:
    8,161
    Trophy Points:
    2,070
    Location:
    Minnesota
    Ratings:
    +12,153
    The government, of course.
     
  5. The T
    Offline

    The T George S. Patton Party Supporting Member

    Joined:
    May 24, 2009
    Messages:
    48,072
    Thanks Received:
    5,473
    Trophy Points:
    1,773
    Location:
    What USED TO BE A REPUBLIC RUN BY TYRANTS
    Ratings:
    +5,502
    ...and deny more production. But hey? I hear Pond Scum refineries are in the works...:eusa_whistle:
     
  6. edthecynic
    Offline

    edthecynic Censored for Cynicism

    Joined:
    Oct 20, 2008
    Messages:
    26,573
    Thanks Received:
    3,076
    Trophy Points:
    260
    Ratings:
    +5,690
    Damn, CON$ are fools!

    Big Oil makes money on each step of the process of making gasoline, diesel, kerosene, jet fuel and heating oil. They make money pumping it, trading it, refining it and selling it. The federal government gets 18.4 cents per gallon of gasoline.
     
  7. Full-Auto
    Offline

    Full-Auto Gold Member

    Joined:
    Jun 13, 2009
    Messages:
    13,555
    Thanks Received:
    1,614
    Trophy Points:
    153
    Ratings:
    +1,615
    we have been saved!!
     
  8. PoliticalChic
    Offline

    PoliticalChic Diamond Member

    Joined:
    Oct 6, 2008
    Messages:
    55,736
    Thanks Received:
    15,622
    Trophy Points:
    2,190
    Location:
    Brooklyn, NY
    Ratings:
    +24,877
    1. “The industry’s net profit per dollar of revenue was just under 9 cents, compared to 13 cents for the S&P 500, meaning the “markup” for the oil and gas industry is below average.”
    Perhaps the evil oil companies cut back on supply? Wrong again. “The worldwide average number of barrels produced per day was an estimated 84.8 million in 2007, compared to 72.4 million during the period 1986 – 2006.”
    On Those Oil Profits - Robert Murphy - Townhall Conservative Columnists - Page 1

    2. Terrible how they make those obscene profits on poor folks! It seems that being liberal means never having to provide context. First, let’s compare the profit margin of Big Oil to that of Microsoft, Apple, Google, Johnson & Johnson, Coca-Cola, Nike, etc. The average profit margin for companies in the S & P 500 index was 13 cents. And “The [Oil] industry’s net profit per dollar of revenue was just under 9 cents, compared to… the S&P 500, meaning the “markup” for the oil and gas industry is below average.”
    AAPL Key Statistics | Apple Inc. Stock - Yahoo! Finance, available for each company.

    So, where are the complaints about ‘Big Sneaker,’ or ‘Big Shampoo’?

    And where are the kudos for Big Oil, without which we couldn’t get to work? Or should we go after the owners of Exxon with pitchforks an firebrands? Better not, after all they is us!

    3. “Exxon Mobil, in fact, is owned mostly by ordinary Americans. Mutual funds, index funds and pension funds (including union pension funds) own about 52 percent of Exxon Mobil’s shares. Individual shareholders, about two million or so, own almost all the rest. The pooh-bahs who run Exxon own less than 1 percent of the company.” NY Times Advertisement

    And, of course, the antibusiness crowd loves stories about how much Big Oil is stealing from the American people! On the contrary, in 2006, the oil industry paid $81 billion in income tax, and while Exxon’s earnings increased 89% from 2003 to 2007, their income taxes increased 170%. Exxon: Profit Pirate or Tax Victim?

    4. The non-thinking segment of the public has been conditioned to hate the oil industry. Very few realize the extent to which they are subsidized by this industry. “According to the [Exxon] company's income statement, the amount of taxes it paid in 2008 was 2.5 times as much as its net profit. The $45.2 billion profit figure makes a snappy headline, but the $116.2 billion in taxes that it paid is relegated to a footnote—if that. Exxon's tax bill breaks down like this: income taxes, $36.5 billion; sales-based taxes, $34.5 billion; "all other" taxes, $45.2 billion.” Exxon, Big Oil Profits Evil Only Until You Weigh Their Tax Bills - US News and World Report

    5. If Exxon’s 2008 tax bill of $116.2 billion were split equally among all tax filers who pay income tax, each filer’s share would be $1,259/year. Still hate Exxon? The Tax Foundation - Number of Americans Paying Zero Federal Income Tax Grows to 43.4 Million
     
    • Thank You! Thank You! x 1
  9. PoliticalChic
    Offline

    PoliticalChic Diamond Member

    Joined:
    Oct 6, 2008
    Messages:
    55,736
    Thanks Received:
    15,622
    Trophy Points:
    2,190
    Location:
    Brooklyn, NY
    Ratings:
    +24,877
    Better not read post #8, BeetsAndSpinach.....or read it sitting down.
     
  10. The T
    Offline

    The T George S. Patton Party Supporting Member

    Joined:
    May 24, 2009
    Messages:
    48,072
    Thanks Received:
    5,473
    Trophy Points:
    1,773
    Location:
    What USED TO BE A REPUBLIC RUN BY TYRANTS
    Ratings:
    +5,502
    Indeed...

    [​IMG]
    (Image: Graphics Connection LLC )​
     

Share This Page

Search tags for this page
how much does an oil company make off of a gallon of gas compared to the government
,

how the government makes money off of petroleum