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Oil($130/ barrel) has risen 6-fold since 2002

Name: Anonymous 2008-05-23 23:34

Oil prices, now $130 a barrel, have risen six-fold since 2002.

Name: Anonymous 2008-05-29 22:44

>>8
The government increases the price with ridiculously high taxes.  The federal tax on gasoline is 18 cents.  State taxes range from 9 to 31 cents.

Now consider the profit margins for the oil companies.  For each dollar in sales of gasoline the companies make about 10 or 11 cents.  This means that the government makes more money off of gasoline than the actual oil companies.  And they do NONE of the work and bear NONE of the risk.

On top of that, the oil companies still pay massive amounts of income tax to the government.

And yet everyone complains that the oil companies are making too much money.  HA.  People, please wake the fuck up.

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