I am so sick and tired of listening to people whine and complain about oil companies making too much money. The ignorance is staggering so here we go…
A CNN article claims oil companies have a profit margin of 9.7% which Ill round up to 10% for simplicity’s sake. Assuming a $4 gallon of gas, that’s $0.40. That means the other $3.60 is completely, utterly out of their hands. If you take away Big Oil’s profits, your gas will only go down by 40 cents. By the way, Google’s post-tax profit margin is more than twice that of Exxon, but you’re not mad at them for gouging.
Taxfoundation.org has an article linked in the above graph that states in the last 25 years Big Oil has sent $2.2 trillion (adjusted for inflation) to state and local governments. That is 3 times what they collectively earned. How can they send more money to the government than they themselves make? Simple, they make you pay for it.
When you get excited that the government is gonna punish oil companies, you are the one getting punished. When you increase the costs of providing a gallon of gas, the price will increase. You morons feel so much better sticking it to oil companies when in reality you’re sticking it to yourself.
What if I told you all that hatred you have for President George W. Bush is based on lies and deception? Most people hate him because they consider the following statement a lie:
‘Without question, we need to disarm Saddam Hussein. He is a brutal, murderous dictator, leading an oppressive regime .. He presents a particularly grievous threat because he is so consistently prone to miscalculation … And now he is miscalculating America’s response to his continued deceit and his consistent grasp for weapons of mass destruction .. So the threat of Saddam Hussein with weapons of mass destruction is real.”
The liberal left echoes how wrong President Bush was on this count, yet do not blame the person who actually said that quote above, or quotes like it. They only blame Bush. Care to guess who said the above quote? Anyone? Try John Kerry in January of 2003. Bush’s approval ratings have steadily declined since Sep 2001 when they were 90%. At the time of Kerry’s quote, they were in the 70s. Today, Bush’s approval ratings are in the 30s. Early in 2005 is when Bush’s approval ratings and disapproval ratings crossed paths. What a coincidence.
Perhaps the ignorance of heartless conservatives brings them bliss… actually no. Even if you account for education and household income, conservatives are significantly happier than liberals (see article here). Pew Research backs it up.
“Our research suggests that inequality takes a greater psychological toll on liberals than on conservatives apparently because liberals lack ideological rationalizations that would help them frame inequality in a positive (or at least neutral) light.”
What a beautiful explanation of why liberals whine and complain constantly.