So, the Government makes 59 cents per gallon, and the entire supply chain makes 82 cents per gallon, according to this graph.
So, the Government makes 59 cents per gallon, and the entire supply chain makes 82 cents per gallon, according to this graph.
Copied and forwarded to everyone I know.
“There are 113 OTHER industries that make more money, as described by margin, as oil.”
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These less than 10% profits are fairly consistent IIRC with old numbers as well. Perhaps they were a bit above 10%. I think my college prof said if you weren’t making at least 10% profit (or was it 15%) you should shut the doors.
I recall when these oil profits were touted during the Bush years, the banking industry was averaging about 35% profits or so. You know - the guys we bailed out as “too big to fail”.
Big taxes (including Alaska royalties) against “big oil” and the “good ol’ boys” are part of the problem. Default and small government are the answer. And no, a commie government can’t exist without a large manufacturing base with internationally worthless revenues. And both political parties are obviously full of socialists.