Quote:
Originally Posted by sperry
never mind this will save families like a whopping $30 total over the course of the summer. Boy that's some economic stimulus.  |
It won't even do that is the point. The majority if not all the "tax savings" will be more profits for either the retailers or refiners, not lower prices for the consumer.
Everybody wants to make the oil companies the bad guys. The profit percentages for them is typically below that of other large companies, they just happen to be REALLY LARGE companies, so the dollars are very large when you talk about them as total dollars, not percentages.