Yea, I think the Feds get like 27 cents. Oil Company profit is probably (at the height of the price) about 15 cents.

Pretty close, Dr. Guy

Last figures I found were 0.10 for the Oil companies, 0.46 for the Fed/State.

I don't know about you but I'm feeling a little gouged here and it ain't by the oil companies. :lol

Pretty close, Dr. Guy Last figures I found were 0.10 for the Oil companies, 0.46 for the Fed/State. I don't know about you but I'm feeling a little gouged here and it ain't by the oil companies. :lol

Damn!  That was a swag.  And on the government side, I put down what I thought was the feds only as the state one vary greatly (I think we pay 19 cents here in Va).

Oil companies make 10 cents!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! You must have an IQ of at less 8. There was less gas sold and the Oil companies made more profit. Wait - oil companies before where making 2 cents - never mind.

An off we go!!!!!!!

Link

From wealth comes power. The sheer amount of power the oil tycoons hold is staggering. Consider the kinds of strings they can pull.

One example...having a senior senator insist they not take a vow of truth before a hearing. Now that's power!

We are all human and are prone to poor judement and error. Now imagine the potential of a mistake backed up by billions of dollars.

Could the US be morphing into a modern day Roman Empire with it's level of courruption and deception?

Could this new empire implode someday from the inside? Time will tell.

Could the US be morphing into a modern day Roman Empire with it's level of courruption and deception? Could this new empire implode someday from the inside? Time will tell.

I think your tin hat is 2 sizes too small. Better get a bigger one.

And here we go again!

Not to be argumentative and perhaps I should have linked to this article on CNN: Link_oil.reut/index.htm, but Senators from both parties felt that there was enough of an issue here to convene hearings. I quoted Bill Frist's comments earlier. Frist further said "I have asked them to call as witnesses executives from the major oil companies and representatives of the state attorneys general, who have the initial responsibility of keeping the behavior of local energy providers on the straight and narrow." There is at least enough reason for the hearings to be called.

Larry -

Surely you haven't forgotten this is an election year. And let's just say again what these people are: p-o-l-i-t-i-c-i-a-n-s. With the squealing-pig media playing this as all evil & shit, what in the world would you expect? At this time in the election cycle, Pandering is Job One.

I have no trouble with their rate of return or margins - as Ben Stein says, Exxon is not some mafia-like cadre of fatcats smoking contraband Cuban cigars in the back seats of their chaufeur-driven Bentleys. Exxon is in truth mostly a bunch of pension funds whose thousands of beneficiaries can now feel a bit better about the prospects of a quality retirement. And Exxon-Mobil represents the disposition of about 3% of the world's oil production. Everyone needs to get real.