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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.

tb2
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