Nobody’s demanding that Apple, Pfizer or Citi pay a windfall profits tax, even though they’re among the most profitable U.S. companies year after year. Big Oil is the punching bag for familiar and obvious reasons: Gas prices well above $4 per gallon are pounding drivers, and everybody wants a villain. By the nature of their business model, oil firms earn more when the cost of the raw material they provide goes up. That’s because they make long-term fixed investments to extract and process oil that are more profitable when the mineral itself is more valuable, and less profitable when that value falls. So oil firms prosper in inverse proportion to consumers, making them a perennial bogeyman.
Then why are teabaggers blaming the government, for the price of fuel?
View attachment 854252
USAFacts
https://usafacts.org › articles › how-much-oil-and-gas-...
Nov 4, 2022 —
Roughly a quarter of all crude oil and more than a tenth of all natural gas was produced on territory owned by the federal government in 2021.
Teabaggers ignore the 75% that is NOT controlled by the federal government and concentrate on that 25% they do control?