Senate GOP blocks proposed tax on record oil profits

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  • Pacomc79
    Pacomc79 Posts: 9,404
    Cosmo wrote:
    ...
    You may be thinking about what the retailers (gas station operators) make per gallon.
    http://www.npr.org/templates/story/story.php?storyId=90453142
    "A&M Shell, a gas station in Tucson, Ariz., owned by Arnold Mendez Jr. and his family, makes about 16 cents in profit for every gallon of gas sold. But that's before the station pays credit card companies for transaction fees. Those fees, which are based on the dollar amount of gas sold, translate to about 2 percent of each sale, says Mendez. So the more gas costs, the more the station pays in credit card fees.
    These days, that means the Mendez family hands over about 7 cents per gallon of regular unleaded to credit card companies.
    "So we're left then with 9 cents per gallon" in profit, Mendez says."


    and secondarily because of the higher cost of gas, the items they make the bulk of thier profitability on namely the instore items get sold more infrequently leading eventually to the demise of the station.
    My Girlfriend said to me..."How many guitars do you need?" and I replied...."How many pairs of shoes do you need?" She got really quiet.
  • Commy
    Commy Posts: 4,984
    if resources actually benefitted communties instead of individuals and companies none of this would be a problem. Imagine a community with $36 billion in profits as opposed to Exxon, imagine the society we could create.
  • Kel Varnsen
    Kel Varnsen Posts: 1,952
    Commy wrote:
    if resources actually benefitted communties instead of individuals and companies none of this would be a problem. Imagine a community with $36 billion in profits as opposed to Exxon, imagine the society we could create.


    But at the same time, imagine all the people out of work, and all of the people who's retirement investments would be in the shitter if companies like Exxon shut down because their business was no longer profitable.
  • Commy
    Commy Posts: 4,984
    Kel Varnsen wrote:
    But at the same time, imagine all the people out of work, and all of the people who's retirement investments would be in the shitter if companies like Exxon shut down because their business was no longer profitable.
    if resources benefitted the regions they were extracted from the individuals in each community would be taken care of.

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