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Saturday, April 29, 2006

Who's Really Getting Drilled?

While Exxon made $8.4 billion this first quarter and the networks screamed greed, the federal government took $7 billion from Exxon at the same time plus another $7.6 billion in excise taxes.
EXXON MAKES: 8.4 Billion
U.S. GOVT MAKES: 15.1 Billion

This is just one oil company in one quarter. The idiots in Congress are pulling a con job on it's citizens. While they are grandstanding for photo-ops at gas stations and complaining about the high cost of gas, we are taking it in the ass, entirely because of their inaction.

Now China is going to set up shop off of Cuba and use slant drilling to extract the oil from areas where we aren't allowed to drill. Our entire government is comprised of fools. Our nation is comprised of gullible fools.


Blogger Matt Vella said...

Just wait, China won't soon forgive or forget Iraq. They're due to make an endaround through the oil rich nations in Africa.

9:36 PM  
Blogger Senor said...

I should also point out that Electronic Arts profit margin is higher than Exxon's. In fact, the oil companies profit margins are in line with other industries.

It's about supply and demand.
We demand, and we dont supply.

10:50 PM  
Blogger Paulie_D said...

People have no problem with banks making a 30%+ profit margin and giving you 2.5% interest on your savings account.

China will end up peacefully taking over the world through a buy out. They already have been buying up our debt.

Politicians need to stop worrying about getting re-elected and do the job they were elected for.

12:02 PM  

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