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gas in U.S., oil co. gets .10 profit, govt. gets .59 taxes and provokes high price

 
ac
User ID: 108385
United States
06/21/2006 11:18 AM
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gas in U.S., oil co. gets .10 profit, govt. gets .59 taxes and provokes high price
[link to www.thenewamerican.com]

Seems fair.
High prices come from the govt. threatening to bomb IRAN. Estimate is 15.00 per barrel of crude in trading price as a cushion in case the U.S. bombs away.

So, the govt. is causing per barrel price to be about 15.00 too high right now.
And, collecting about .59 per gallon.

With friends like these...





GLP