Who Makes More off Gas, Big Oil or Uncle Sam?
By 186 on Apr 13, 2008
Well if you live in one of the more Progressive / Liberal / Democrat states the answer is definitely Uncle Sam.
FactCheck.org:
Does the government really make more in taxes from the sale of a gallon of gasoline than the oil companies do?
“Unfortunately, there’s no real simple answer,” says Lucian Pugliaresi, president of the Energy Policy Research Foundation, which conducts economic analyses of energy issues and is supported by oil companies. It depends on when the gasoline was purchased. “If you bought it right now, I’d say the government is making more.” If the gasoline was purchased a month ago or last year, that may not have been the case. And the answer further depends on what type of company the question refers to. Refineries, Pugliaresi says, are hurting right now. “If you’re an independent refinery, the answer is definitely they’re making a lot less than the government.”
Yet progressive democrats like Clinton, Obama, Kennedy, Schumer, Edwards…… have the gall to stick their faces in front of a camera every chance they get to denounce “Big Oil” for their profits.
Technorati Tags: big oil, gas, oil, taxes, congress, obama, democrats, clinton
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