Quote:
Originally Posted by Rags123
Her complete statement IN CONTEXT...
"Exxon Mobil and other oil giants continue to run up record profits to maintain the status quo even as Americans struggle to pay the high costs of heating their homes, fueling their cars, and meeting the mounting challenges of a growing economic crisis. And too many in Washington have stood in the way of the changes we need to chart a new energy strategy for our nation that breaks our dependence on foreign oil, reduces global warming pollution, and creates millions of new green collar jobs. I have proposed that we eliminate the tax breaks for big oil companies like Exxon Mobil and use that money to establish a Strategic Energy Fund to speed development of clean energy technology, put more efficient cars on the road, create new jobs, and provide immediate energy relief for the middle class as we head into what could be a difficult winter."
Read more: Clinton Blasts Exxon Mobil's Record Profits | TheHill
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She did indeed say exactly what you said, however those were not the only words that she has ever spoken with regards to Exxon. The statements I quoted were not made up, in fact, they were copied from my referenced article. BTW, here are some other facts about Exxon in 2011 and I copy: Often ignored fact: ExxonMobil makes pennies per gallon on gasoline, diesel and petroleum products it refines and sells in the United States. In the first and second quarters of this year, ExxonMobil made 7 cents and 8 cents, respectively, on the gasoline, diesel and other petroleum products it refined and sold in the United States. Comparatively, local, state and federal gasoline taxes average nearly 49 cents per gallon nationally, with a high of 67 cents in states such as California and New York.
Another way of saying it is that Exxon pays more in local, state and federal gasoline taxes to the tune of 6 to 7 times as much as is their profit. With that being the case, this question must be asked: Who is the greedy one, the one who makes 7 cents per gallon in profit or the entity who takes 49 cents a gallon from you and me in taxes?
A correction here -- Exxon does not pay more in taxes than is its profit, instead you and I pay those taxes to the tune or 6 to nearly 10 times (in some cases) what Exxon's profits are. Sorry for my mis-statement. But, who is greedy?