Who Makes 100 Trillion $ off of Oil ? Good Old Uncle Sam

July 14th, 2008

So who does make anywhere from 50 to 75 trillion dollars off of oil ? Well the next time you fill your luxury liner up look at the pump and you will see you pay about 19 cents US Govt tax and between 20 and 30 cents state tax. That’s almost 50 cents a gallon total tax. According to AAA stats we use about 350 million gallons of gas a day ! So that’s 175 Million dollars a day in tax’s ! (http://en.wikipedia.org/wiki/Gasoline_usage_and_pricing)

175M x 365 days = 63 T $

Ok so we have about 60T$ in tax and we haven’t even added on home heating oil tax, aviation gas tax and let’s not forget when Exxon makes 10B$ in profits that’s taxed 20% ! So you begin to wonder who has the largest vested interest in oil than anyone ? National and local Govt. that’s who.

Makes you wonder doesn’t it why we are at war and why no one really push’s alternative energy. It surely isn’t in the best interest of the Govt. to cut off its pipeline of money is it now !

How would they make up for a 100 T $ in funds if we used solar cells at home to charge our cars everyday ? No you know why they really don’t want to stop the old oil pipeline !

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