Saturday, May 06, 2006

Who's really getting windfall profits?

  • The federal government brings in 18.4 cents per gallon of gas sold.
  • Oil companies bring in about 9 cents per gallon of gas sold.

Am I the only one who finds it odd that the feds make twice as much money off gas as those who provide it to us? And then there's the states too. I just find it a tad hipocritical when the feds are talking about windfall profits on the part of oil companies when they're making even more. And what do they do with that money? Make it harder for oil companies by imposing rediculous enviornmental regulations. In a way, that's bad business on the part of the government. Why would they want to drive their cash cow out of business by making it harder for them to conduct business?

1 comment:

Allan said...

Government is more interested in money than power. Its policies are more interested in maximizing political control than in maximizing tax revenue.