The next time you hear someone in the media condemning “Big Oil” and the “obscene profits” that they are making, just think of these numbers that came up during Charlie Gibson’s interview with the CEO of ExxonMobil.
The following are stats for ExxonMobil broken out on a per SECOND basis.
- $1400 per second in Profit (not bad, eh?)
- $4000 per second in TAXES (why isn’t this all over the media?)
- $15000 per second in cost
Basically they spend $19000 a second to run their business and pay their taxes and make $1400. Kind of puts it in perspective. Although I think it’s ridiculous that you have this kind of outrageous taxation going on throughout the process to get gas from oil and the government (Fed) still takes an additional 12% at the pump.
Now THAT is obscene!
Now how fair does a ‘Windfall Profit Tax’ sound now?
Friday, August 15, 2008
Big Oil and Big Government... who makes more off the deal?
Subscribe to:
Post Comments (Atom)
Posts
4 comments:
Sorry bro, you are going to have a REAL hard time convincing me to feel sorry for the oil companies.
Well, it's not about that. This is a business, I would hope that they are putting some of those profits away for when the price of oil drops.
What if oil hits $20 a barrel and they are losing money, are we going to prop them up with all that extra tax money that we collected?
What about the fact that government does NOTHING in this whole deal but cleans up at $4K a second? Why aren't people yelling and demanding to know where all of the government's obscene tax went?
I know where it went, it went to pay for our military that costs $545 billion dollars. (aka almost more than all other nations combined)
Just a guess...
BTW, nice to met you in real life on Sunday! :)
I would hope that is where they are spending it. Since that is, after all, the primary roll and responsibility of the government.
Post a Comment