Now I understand why Congress won’t really go after Big Oil.
3 03 2008They’re more to blame for the cost of gas than the oil companies…
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2 responses to “Now I understand why Congress won’t really go after Big Oil.”
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Too true.
And it’s sad that Democrats are so successful at whipping up the American public with their populist class-warfare rhetoric, as though our real problems are with corporations rather than a confiscatory government.
Here is a quote I read on April of 2006 on the Patriot Post:
Oil companies are recording record profits—on record sales. In a free-market economy, record sales often result in record profits. Notably, however, the real price gouger is the government. According to the Tax Foundation, in the last three decades government has collected more than $1.34 trillion (inflation adjusted) in gasoline-tax revenues—”more than twice the amount of domestic profits earned by major U.S. oil companies during the same period.”