High gas prices persist despite US oil boom

reply to post by CommanderCraCra


Oh, but the oil barons no only get their profits from oil production in the US they also get their profits from oil exploitation in the countries they get to hold rights on oil production also.

So the profits are more than we here in the US dare to dream about.

Oil by far is one of the most profitable business right now and reaping incredible wealth for those that belong in the oil barons elite.

The tax codes in the US for oil is about 100 years old it has not change much but while we the working American can not match our earnings with the cost of living in the nation, Oil companies, big pharma and insurance companies get the rights of increases in tax exemptions and subsidies pay by the tax payer, we lose money in tax increases they reap profits.