Re: Diesel 9,5$/gl in Norway

trader4@[EMAIL PROTECTED]
 schrieb:
> On May 10, 7:44 am, jdoe <j...@[EMAIL PROTECTED]
> wrote:
>> On Fri, 9 May 2008 21:31:43 -0400, "Commuter" <t12...@[EMAIL PROTECTED]
>
>> wrote:
>>
>>> Where do you get that at the government gets half of the profits?
> 
> It's a well known fact that the top cor****ate tax rate is 50%.  With
> record profits, the major oil companies are paying at the top rate.
> And even with that rate, income tax is less than half of the total
> taxes paid.     Here's Exxon for example:
> 
> "On May 1, Exxon Mobil announced first-quarter 2008 earnings of $10.9
> billion—a figure that marks the second-largest U.S. quarterly profit
> ever, even if it slightly missed Wall Street's expectations.
> 
> 
> Perhaps more surprising was this figure buried in the Exxon (XOM)
> re****t: $9.3 billion. That's how much Exxon paid in worldwide income
> taxes in the first quarter of 2008, representing a 49% tax rate on
> its
> gross income of $20.2 billion.
> 
> 
> Blogger and economist Mark Pery generated a lively discussion when he
> pointed to Exxon's "all-time high" income-tax figure, noting it was a
> small ****tion of the company's overall $29.3 billion total tax
> payments in the quarter. "
> 
> 
> 
> Now, isn't it a funny thing how you just about never hear any of that
> re****ted by the popular news media?
> 
> 
>> so your clueless also, the government makes more money per gallon sold
>> than the oil companies do
> 
> 
> I leave it for others to judge who's clueless here.   But you are
> correct that the govt actually receives more money per gallon sold
> than Exxon keeps as profits.

That of course nonsense. Profit is only the rest companies cannot hide 
from local authorities by investments worldwide.

The gas price speculation surge hit the oil companies all of a sudden 
and they had no time and target to reinvest their speculation profits 
during the finance market breakdown.

In Europe in the mean of the last decades the production and 
distribution of fuel only generates losses. The profits arise somewhere 
in the taxfree world between oil sources and Rotterdam and the money 
made there rotates freely in the internet orbit.

Seems to have been speeding up to escape velocity now.

-- 

Roland Franzius