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The building and maintenance of the transportation infrastructure is the investment that the government makes using the profit it has realized from the sale of the fuel VL. The government has no investment in the production of the fuel, so every penny they realize from its sale is profit. What they choose to do with that profit is up to Congress, but there is no arguing that every penny of revenue the government realizes from the sale of fuel is profit.Vice Lord wrote:
PrintSmith wrote: Exxon makes a profit of $0.02 per gallon of fuel, the federated government makes a profit of $0.184 per gallon of fuel. Whose profit is obscene again?
Profit? Learn the definition of the word sh**forbrains...Do you "guys" think roads build themselves, for free?
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PrintSmith wrote:
The building and maintenance of the transportation infrastructure is the investment that the government makes using the profit it has realized from the sale of the fuel VL. The government has no investment in the production of the fuel, so every penny they realize from its sale is profit. What they choose to do with that profit is up to Congress, but there is no arguing that every penny of revenue the government realizes from the sale of fuel is profit.Vice Lord wrote:
PrintSmith wrote: Exxon makes a profit of $0.02 per gallon of fuel, the federated government makes a profit of $0.184 per gallon of fuel. Whose profit is obscene again?
Profit? Learn the definition of the word sh**forbrains...Do you "guys" think roads build themselves, for free?
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CriticalBill wrote: That's what I admire about PS, always a cool well thought out response even when answering the most ignorant and abusive rants from a half baked nutjob. Wish I had that kind of patience.
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Science Chic wrote:
Do you have a source for this PS?PrintSmith wrote: Exxon makes a profit of $0.02 per gallon of fuel, the federated government ymakes a profit of $0.184 per gallon of fuel. Whose profit is obscene again?
Ah ha! Found it - it comes from Exxon itself! I'd be inclined to believe this more if it came from an independent financial analyst. Is that what they earn after paying their employees salaries, benefits, infrastructure, overhead, etc or before? Yes, they pay a lot in taxes, and must invest a lot in developing new sources, but they make a boat load too - what's the actual profit?
http://www.dailymarkets.com/economy/201 ... er-gallon/Also according to their Perspectives blog, they make only 8 cents for every dollar of revenue on worldwide sales of their products. You know, if I were them, I'd start shifting my energy production to renewable sources - it'll be a lot more profitable! :thumbsup:According to this post on Exxon Mobil’s Perspective Blog , http://www.exxonmobilperspectives.com/2 ... ink-about/ “For every gallon of gasoline, diesel or finished products we manufactured and sold in the United States in the last three months of 2010, we earned a little more than 2 cents per gallon. That’s not a typo. Two cents.
http://www.factcheck.org/askfactcheck/d ... re_in.html
April 11, 2008Q: Does the government really make more in taxes from the sale of a gallon of gasoline than the oil companies do?
A: Possibly. Both taxes and profits account for a large share, but which is larger depends on too many unknown factors to allow for a clear answer.
http://money.cnn.com/2008/03/13/news/ec ... /index.htm
Who gets rich off $3 gas - who doesn't
The guy running the service station makes just a few cents, while crude oil producers take the biggest chunk.
By Steve Hargreaves, CNNMoney.com staff writer
Last Updated: March 19, 2008:
Okay, this information is completely unsubstantiated, but provides a list from which to start the analysis:
http://jb-williams.com/4-25-06.htmWhat I take away is this: No matter whether the price of a gallon of gas is $2.06 or $3.87, the fed tax is $0.18, period. State taxes vary and can add anywhere from $0.04 to $0.37. The extra profits that the oil producers make is getting put back into increasingly more difficult to extract sources of fuel (although I think this excuse is overplayed as there's currently still enough to easy supply to satisfy the current demand).Based upon a $3.00 gallon of gasoline, the average break-down is as follows.
Gasoline Retailer $.01 cents per gallon
Oil Company $.08 cents per gallon
Refining $.29 cents per gallon
Marketing/Distribution $.32 cents per gallon
Taxes $.59 cents per gallon
Cost of crude $1.71 per gallon (delivered)
Who is gouging who?
So it looks like the ones to be pissed at are the traders.
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Vice Lord wrote: Nationilize the oil companies...Moving around, like my kids Healthcare is not something other people should make a profit on..Especially when we just spent a couple trillion of my tax dollars in Iraq. Thats my oil!
Nationalize Now
http://www.google.com/#hl=en&rlz=1W1ADF ... 334bd74320
END OF SUBJECT
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Thanks - I'm here to serve!neptunechimney wrote: My complements. You are the only non conservative to post to this thread. Double points for not responding with pre packaged talking points.
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