Current Events — HabitableZone

Current Events » in reply to "I wonder how much in the way of taxes those folks pay on that?"

re: "I wonder how much in the way of taxes those folks pay on that?"

You've posted the charts in the past. And been ignored, even criticized.

Is the number staggeringly large? Of course.

But as a percentage of total sales, which is even more staggering, a lot of CFO's would frown at the number. It's below expectations for most Corporations.

I am very aware of both tax paid and profit margins the Oil giants make.

As a business, oil's profit margins are lower than any of a half a dozen segments of the American Corporate world .

Unfortunately, it appears many people would rather ignore, or dismiss the realities and bitch than actually take a hard look at the facts. Including the fact that the major US oil corporations do not set the world-price for a barrel of oil. There at the mercy of the market just as we are. Privately owned oil companies are a very small part of the world production, the vast majority is owned by Governments.

Do I care much for the oil majors? No. They're not investing enough in our energy future in my opinion.

Do I complain when I pay for my gas? Hell yes. But I am well aware of the why it's the price it is. And am as aware that it will go much higher in the future.

Which threatens our security. Don't like T Boone either, but he's got a dammed good idea, a beginning of change we should have begun 20 years ago. The handwriting's been on the wall for 30 + years. As usual we American's willfully ignored it. Blithely going about business as usual until it's damn near too late.

While a lot of people heaped tons of derision on Obama for saying so. Simply inflating the nations auto fleet's tire to the proper level would save countless barrels of oil a day.

Or keeping our collective lead foot off the gas pedel.

Or maintaining our vehicles better.

Or ....

Enough

Log in or register to post.

The whole thread (6 posts)