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Originally Posted by thstone
I explain alll huge oil company profits during as nothing more than the oil industry grossly taking advantage of our dependence on oil. Nothing more, nothing less - simple good ol' fashioned greed.
The oil industry does it because they can and we are basically powerless to do anything about it. We're oil addicts who will pay anything for our fix.
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If Exxon's numbers are correct (I assume they are easy to check) their profit on gasoline amounted to .02 cents per gallon.
Why would you consider that a huge profit.
BTW-They pay over 41% of gross profit by way of corporate income taxes.
How much SHOULD they make?