Let’s Stick It To Big Oil!
June 13th, 2008 by drs
Sure you’re mad as hell over sky high gas prices! So am I! Someone’s to blame. It must be Big Oil. We’ve all heard the stories of record profits, but have you ever heard anyone speak about the actual profit margin of the oil industry? (the difference between cost and selling price of a product or service is the profit margin)
Sticking it to them with a windfall profit tax may let you feel like your getting even, but what are the real consequences. If you do a little studying, you may find that you are really sticking it to yourself.
Listen to the following discussion and see if you don’t see things in a different light.
Tags: gas prices, oil industry, profit margin, record profits, windfall profit tax
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