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Posted by: A Good Troll
Posted by: Methew
Posted by: A Good Troll
I still don't see why people complain about oil companies eeking out a couple cents profit per gallon of gas when the federal govermnent takes 18.4 cents per gallon, your state takes about 20 cents per gallon, and your local municipality takes about 10 cents per gallon in taxes.
It's mainly the perception.
Oil companies make billions in profit and get millions more in subsidies from the government. They are seemingly rich enough to do a line of -blam!- of the back of a hooker's -blam!- while on their million dollar yacht.
Meh, no denying they make billions. But most are quite massive - so billions in profit are actually pretty low profit margins all things considered. And the industry does directly support millions of jobs here in the US.
Not saying they are saints, but they definitely have gotten the short end of the PR stick. And it is mainly the publically traded ones that get raged on.
No one rages on Saudi Aramco and other nationalized oil companies - Saudi Aramco's value is estimated at over $8 trillion last I remember - the equivalent of like 20 Exxon Mobils.
And when they -blam!- up, they also have massive -blam!- ups.
Hi BP. Oh hey, Shell just crashed an oil rig onto a shore line.
[Edited on 01.04.2013 10:26 AM PST]