basquebromance
Diamond Member
- Nov 26, 2015
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- #21
without having fossil fuels to boost an economy, it's like playing a football game without a quarterback
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The oil companies earn 5¢ to 10¢ in profit on each gallon of gasoline that they sell us.
Government takes up to $1.81 in taxes on each gallon.
It is hypocritical for government to accuse the oil companies of price gouging. We're being screwed, but it's not the oil companies that are doing it.
The federal gas tax is 18 cents a gallon, not $1.81.
I think your info is bad. Gas tax in California is .51. Combined with Federal its .69. Still high but far from 1.81The $1.81 is the sum of federal and state taxes here in California. California's tax is set to increase in just a few days form now.
In any event, if you look at only the state, or only the federal government, you still see government taking much more in taxes on gasoline than what the oil companies legitimately earn in profits on that same gasoline, while trying to tell us that it is the oil companies that are screwing us.
Biden really is the dumbest man we've ever had sitting in the Oval Office! He makes going after the fossil fuel industry his number one job...deliberately cutting the supply of coal, oil and natural gas and driving up the price. Then when the run away inflation that HE'S caused with his energy policies makes him about as popular as a skunk at a picnic...Joe demands that the fossil fuel industries FIX what he's done...all the while sticking to his promise to make us go "green" no matter how painful it is!Biden just called out Big Oil after Chevron’s CEO said Biden is “vilifying” oil companies for calling out their price gouging— Biden said they are “getting their feelings hurt”: “This idea that they don’t have oil to drill and bring up is simply not true.”
Biden mocks ‘sensitive’ Chevron CEO Michael Wirth in spat over gas price claims
President Biden escalated tensions with Chevron CEO Michael Wirth after the oil company rejected the president’s “political rhetoric.”nypost.com