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To: Bruinator

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!


7 posted on 05/16/2011 3:28:03 PM PDT by cumbo78
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To: cumbo78
They use tax breaks every US company does and pays far more in taxes than any other industry.

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.

8 posted on 05/16/2011 3:32:28 PM PDT by scooby321
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To: cumbo78

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:

http://conservatives4palin.com/2011/04/democrat-martin-frost-effectively-concedes-palins-analysis-of-the-oil-industry-is-accurate.html

Anyone that wants to send this to the guy who wrote the piece, go for it.


16 posted on 05/16/2011 3:47:38 PM PDT by Daisyjane69 (Michael Reagan: "Welcome back, Dad, even if you're wearing a dress and bearing children this time)
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