Who makes more profit on oil, Exxon or the government?
The government is definetly driving the price way up there is no doubt. Don’t forget that you pay an income tax which is preemptive sales tax. In other words if you take the % you are paying now, then add the % Exxon pays in income tax, then add the federal at the pump tax you will get your number. So the feds are actually triple taxing it at least. Well Exxon is making more than they let on, and I don’t buy their reports on profit. They are not buying all their oil at premium barrel price, the cost of getting it out of the ground has not changed. The FED banks are making money hand over fist on the deal because they have no overhead. They just have to pay their corrupt accountants but no real work is done. We are all slaves and Exxon likes their chunk but it pales in comparison with the corrupt banks that tax us and pretend to be socialist entities taking care of society. Socialism will never work because the Rockefeller and Rothschild crooks will always murder, lie and bribe their wa
