We all hate high gas prices. Record profits are in all the headlines. So let’s take a look:
Eight cents on three dollars is about 2.6% profit lining the pockets of Big Oil. Fifty-nine cents is about 19.6% tax for the various governments. Who’s making the money when we fill up?
Big Oil puts out the money to make it all happen and reaps eight cents. Government does virtually nothing whatsoever and simply collects fifty-nine cents every time we pass ‘Go’.
This isn’t really meant to be a defense of Big Oil. I’m just saying.
Why aren’t we hearing this side of the story?