I Know The Left Hates 'Big Oil'...but..

Discussion in 'Energy' started by PoliticalChic, Mar 16, 2012.

  1. PoliticalChic
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    PoliticalChic Diamond Member

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    EXXON EARNS HUGE PROFITS, BUT ALSO PAYS HUGE TAXES

    1. “… the world’s largest oil company, Exxon-Mobil is reporting near-record profits in the first quarter of 2011. Exxon earns nearly $11 bln in 1Q, best since '08 - BusinessWeek

    2. …only 3% of the oil company’s profits come from the U.S. Gas prices and industry earnings: A few things to think about the next time you fill up | ExxonMobil's Perspectives Blog

    3. While Exxon Mobil squeezes a couple of pennies out of each gallon of gas, the U.S. government does a bit better. The government rakes in somewhere between 40-60 cents in taxes from each gallon of gas. And since the government spends ZERO dollars to sell that gasoline, their profit margin is 100%.

    a. The main component of the price at the pump is the cost of a barrel of crude oil. Another major component of the price of gas is state and federal taxes, which range from a high of 66 cents per gallon in California…

    4. In 2010, ExxonMobil made less than 8 cents [that's 8%] for every dollar of revenue from all of our businesses around the world. That’s less than half of companies selling pharmaceuticals, beverages, tobacco and computers, just to name a few.

    5. Exxon also paid almost $10 billion dollars in U.S. taxes last year alone, and just under $59 billion in the past five years.

    a. From 2006-2010, Exxon earned $40.5 billion in the US
    b. From 2006-2010, Exxon paid $59.5 billion in US taxes. Exxon Earns Huge Profits, But Also Pays Huge Taxes | TheBlaze.com


    Does it seem like the Left always needs a bête noire...?
     
  2. Big Black Dog
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    Big Black Dog Gold Member Supporting Member

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    If it wasn't for "Big Oil" everybody would be riding "Big Horses"... Just saying.
     
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  3. PoliticalChic
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    PoliticalChic Diamond Member

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    Yet our anti-business, hate-'Big Oil' friends have a problem with same even though Exxon has paid 47% more in taxes than it made in profits!!!!


    But...I see what you're getting at....


    [ame=http://www.youtube.com/watch?v=kgl_hi0dgUw]Budweiser Clydesdale Horses - YouTube[/ame]
     
  4. facultyandstaff
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    facultyandstaff Rookie

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    oil=magic.
     
  5. TShepstone
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    TShepstone BANNED

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    Oil gave us the 5,000 year leap, didn't it?
     
  6. PoliticalChic
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    PoliticalChic Diamond Member

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    Ya' know, I had forgotten about the Skousen book.....so I just ordered it.
    Thanks for the reminder.
     
  7. HomeInspect
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    HomeInspect Senior Member

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    The left has fought every method of energy dependency. Windfarms off the coasts, more drilling, more coal, pipelines from the north. Had we not had left wing nuts for the last 30 years, who knows... 1.25 per gallon gas right now ??
     

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