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  1. #1 The little o's energy policy 
    Ancient Fire Breather Retread's Avatar
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    If you just happen to have any progressive friends who just happen to not know squat about “Big Oil” (like the twit), here is a stat worth noting. "The Tax Foundation estimates that, between 1981 and 2008, oil and gas companies sent more dollars to Washington and the state capitols than they earned in profits for shareholders."

    For instance: "Exxon Mobil, the world's largest (Public) oil and gas company, says that in the five years prior to 2010 it paid about $59 billion in total U.S. taxes, while it earned . . . $40.5 billion domestically. Another way of putting it is that for every dollar of net U.S. profits between 2006 and 2010, the company incurred $1.45 in taxes. Exxon's 2010 tax bill was three times larger than its domestic profits. The company can stay in business because it operates globally and earned a total net income after tax of $30.5 billion in 2010 on revenues of $370.1 billion."

    And yet Obama and the Democrats still want to increase taxes on the oil companies out of “fairness.”
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  2. #2  
    Senior Member Apache's Avatar
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    there are no trustworthy politicians on this energy issue...
    Government is not the solution to our problem, government is the problem.
    Ronald Reagan

    We could say they are spending like drunken sailors. That would be unfair to drunken sailors, they're spending their OWN money.
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  3. #3  
    Senior Member Janice's Avatar
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    Liberalism is just communism sold by the drink.
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    Senior Member Janice's Avatar
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    http://i1220.photobucket.com/albums/dd445/JansGraphix/ConsUndergrd-Sig2.jpg
    Liberalism is just communism sold by the drink.
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  5. #5  
    PORCUS MAXIMUS Rockntractor's Avatar
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    How is obama working out for you?
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  6. #6  
    PORCUS MAXIMUS Rockntractor's Avatar
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    How is obama working out for you?
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  7. #7  
    PORCUS MAXIMUS Rockntractor's Avatar
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    How is obama working out for you?
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  8. #8  
    PORCUS MAXIMUS Rockntractor's Avatar
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    How is obama working out for you?
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  9. #9  
    Senior Member Janice's Avatar
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    With these exciting new features all standard:

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    Last edited by Janice; 03-19-2012 at 02:35 AM.
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    Liberalism is just communism sold by the drink.
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  10. #10  
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    "The Tax Foundation estimates that, between 1981 and 2008, oil and gas companies sent more dollars to Washington and the state capitols than they earned in profits for shareholders."
    Are companies generally taxed on profits or revenue? Because there's a difference. Personally, I am directly taxed about 3x to 4x my "profits" (what I manage to save every year after expenses), and I'm sure it's much much higher if one factors in all the hidden taxes.
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