[clue-talk] oil...

[Jed S. Baer]

On Fri, 31 Oct 2008 17:13:11 -0600
Nate Duehr wrote:

> I've never understood this anti-oil-company profit sentiment.  They pay 
> massive taxes (even if people think they get breaks that are big, their 
> taxes still dwarf a lot of industries), and they make their money at 
> market prices that are traded on an open market.

http://rgcombs.blog-city.com/exxons_obscene_taxes_part_two.htm:

  "Exxon paid $30 billion in taxes in 2007 -- that's a tax rate of more
than 40%."

jed