Originally Posted by
Lighteningspeed
To get the oil companies' attention, we are going to need a President who's got the balls to regulate and tax them at the rate they have been screwing us.
Someone mentioned here that the Government took 41% of what Exxon made last year while the oil companies take 10% of what we pay them (profit margin).
Who is screwing who?
Oh and by the way, while Exxon paid 41% in taxes last year, we as consumers paid that tax. If you tax Exxon at 75%, guess what happens? They raise their prices to preserve their profit.
Consumers pay all the tax in America. Corporations pay nothing, they just pass it on, especially at the commodity level.
Increasing taxes is the WORST thing you could do.
If you truly want to "screw" the oil companies, stop buying gas. "I just can't do that". We don't have many options here. Pretty much the only reasonable ones these days is either a LPG car (Honda) or buying a diesel and converting it to run on vegetable oil.