Thursday, April 05, 2007


Some common sense that reminds of our nonsensense desires: " In the 20 years from 1987 to 2006, Exxon Mobil invested more ($279 billion) than it earned ($266 billion). Five weeks after the company announced its 2006 earnings, it said it will invest $60 billion in oil and gas projects over the next three years. It will, unless a President Clinton and a Democratic-controlled Congress "take'' Big Oil's profits, which are much smaller than Big Government's revenue from gasoline consumption.

Oil companies make about 13 cents on a gallon of gas. Government makes much more. The federal tax is 18.4 cents per gallon. Mrs. Clinton's New York collects 42.4 cents a gallon. Forty-nine states -- all but Alaska -- make more than the oil companies do on every gallon. "

1 comment:

dcat said...

C'mon Steve -- the government is not a for profit venture. Oil companies are. Let's examine things on their own merits. This comparison is invalid because of an unwillingness to recognize the clear and present differences at work.