It has been shown time and time again that the big oil companies DON’T get that $4 billion tax break. Congress made sure of that in 1975. In addition, for every gallon that the oil companies sell as gasoline, they profit appx. 2 cents. Federal, state and local gov’ts average 48 cents per gallon.
One more: Exxon/Mobil, Shell, Chevron, Conoco Phillips and BP control less than 7% of the world’s oil reserves COMBINED! Approximately 82% of the world’s reserves are controlled by Foreign Governments, most of whom don’t like the US. So, we demonize the oil companies? I say DRILL!
If I owned a ton of gold and the price goes way up then I profit more too without secretly doing anything but having an asset that goes up in value.
And to further back up your point. Please watch the video. A former Democratic congressman points out the danger of Obama continuing to “misrespresent” (we call it lie) this point:
Anyone that wants to send this to the guy who wrote the piece, go for it.