Who Really Gets Rich Off Of High Gas Prices?
 

Crude Oil costs 76%
Refining Oil 6%
Distr/market 6%
Taxes 12% (Federal, State, Local)
Federal 18.4 cent per gallon
State 8 cents to 49 cents per gallon*
Local 3.1 %

*8 cents Alaska 49 cents New York

Taxpayers Protection Alliance

Got love those politicians

those poor oil companies. Royal Dutch and Exxon Mobil announced their 2nd quarter earnings so the big 3 have earned 44 billion so far this year. That's $250 million everyday or $160,000 a minute even though they benefit from $2.4 billion in tax breaks every year. Boy, they have it tough.

Wayne separate fact from fiction. As the original post depicts the government makes more from gasoline sales than all of the oil companies put together. For instance in 2011 Exxon made seven cents per gallon.


The only reason I bothered to post this thread was to alert voter/taxpayers who the real culprits are here. Forget the political propaganda and party loyalty and think about how Congress has managed to dig deeply into taxpayers pockets. They are hurting both Republicans and Democrats equally

Who owns big oil?
 

31.2% pension funds

21.1% individual investors

20.6% mutual funds

17.7% IRAs

6.6% other institutonal investors

2.8% oil company executives

I agree with the original post but just thought this extra information would show that there are tens of millions of small individual investors.

Thats what loons that post don't get.They are part of big oil

How true.........

If I am part of Big Oil, where is my private jet, 5 ,000,000 salary and unlimited expense account. I get your point but.......

please because I do not agree with your thoughts,it is no reason to call me a loon.

Federal oil tax on gasoline
 

So how does the Feds get to pay for all the highways in this country? :shrug:

I must be naive cause since I began driving I thought highways were paid by the Fed tax we pay at the pump. (well at least a very high percentage)

Where do big union pension funds in vest their money? In wind farms?

The True Big Oil
 

Exxon, BP, Royal Dutch Shell, etc are actually small oil. BIG oil is made up of the OPEC nations - Saudi Arabia, Kuwait, Iran, etc. These are the ones making most of the money on increasing prices. Any increase in the cost of a barrel of oil flows to them. Take a look at the building being done in UAE and you will start to get an idea of the incredible transfer of wealth going on. The solution to higher gas prices is to develop our own energy resources.