Thread: It's a new record
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Old 07-27-2006, 12:36 PM   #30
scaeagles
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Quote:
Originally Posted by LSPoorEeyorick
How is this effin' legal?
I just can't get upset at oil companies making a profit of about 9 cents/gallon of gas. That's not unreasonable. It's the sheer volume of the industry that produces the profits (Americans burn around 383 million gallons/day - or so it was in March 2005).

I hope they do not go with windfall profits taxes....a ridiculous and counterproductive thing to do. I was going to go into an explanation, but I'll defer to an economist who can explain it much better than I can.

Windfall Profits and the Price of Gas
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