Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Wasn't the original post about Gasoline Tax and the cost of gasoline? I don't recall anything being said about the profitability of other phases resulting from the production of crude oil. (You changed the subject.)

The fact is and remains that the oil companies invest a lot of money; and provide jobs during the exploration for oil and the drilling and the refining. They take all the risk, provide all the jobs and the pay, and earn about 10 cents per gallon for their effort. The States and the federal government contribute nothing to the process, but in this example California is getting 53 cents and the feds are taking another 18 cents per gallon. This is a tax on the gasoline users.

Uh... That would be YOU and me.

Print the post  


Disclaimer - Please Read
A message about professional advice.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.