[plain talk]

Last time I checked these big oilcompanies like Exxon make about 10% or less profit which is a pittance compared to the investment and risk involved.

Now the government ... makes way too much “profit”. It produces little of value except the military, NASA and our interstate highways.

[Cobra64]

When oil prices blew sky high in 2008, ExxonMobil paid taxes and collected in 2008:

$36.5 billion in income taxes

$34.5 billion in sales taxes

$45 billion in other taxes

[Rembrandt]

“Now the government ... makes way too much “profit”. It produces little of value except the military, NASA and our interstate highways.”
—
And, with its wisdom, it wants to cut the first two and it doesn’t maintain the 3rd. I’ve seen the same thing in many Communist countries - we aren’t there just yet, but if Obama gets re-elected, yeah, probably.

[Melchior]

One of the tax breaks benefits the small oil investor who works old wells to keep them producing. The output is small per well, but if you multiply the effect by thousands of wells you have significant production. Cut these guys off at the knees and you will reduce production.