mind you... record profits!! Higher than they have ever made before!! Im ready to debate this.... I allow comments...
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mike105
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May 1 @ 8:26PM
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Thats what kills me about republicans............Corporations can do no wrong. If the dairy companies went on strike...does it give me the right, as a retailer, to double the price because I got it and you need it? If this gov't dosent reign in the big coprorations..... they would rob us blind, destroy our enviorment, and wipe out the middle class.
Most americans are the middle class... all they want is a paycheck to support their family, maybe go on vacation once a year. If you wanna be rich , thats fine, but dont take away their middle class life. Have a heart... have some compassion........Have some ethics.
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mike105
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May 1 @ 8:28PM
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Obviously........... a hit and run, like usual.
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lefthandedluckie
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May 1 @ 8:54PM
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We have a president that is, even though he went broke and the Saudis saved him, the leader in all this that is going on!
He is a "Criminal"! Not only has he started a war that has made him a "Murderer" he is now fleecing our country along with his corporate buddies!
While he has upped the buying of petroleum into the Strategic Petroleum Reserve it has not been checked one time since he took office. Nor has he opened the spigots there to drive down the price in order to flood the market with excess!
If he did this over a period of a year the excess would create a glut thus driving down the price.
But, this Criminal is nothing but the scum of the earth! He should be "Indicted" for "War Crimes and Crimes Against Humanity"! Then convicted and sent to Leavenworth for the rest of his worthless life!
Just my "Humble" opinion!! 
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hereshannon
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May 1 @ 9:46PM
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Mike, It's starting to look like these corporations won't stop until everyone in the country is in ruins. People can't afford to feed their kids and these greedy bastards just don't care. They just take and take and take!! I don't know where it all will end, but I think America is on the path to destruction.
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legacy1
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May 1 @ 10:37PM
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This is where DR got his inside "intelligence" from...an article written in..you read that right...2005!! Today's numbers would tell a completley different story.
Those f***s deserve to be in front of every commission in congress to explain themselves. It was just out right sad to hear those fat cats tell congress they deserve the money they are getting and acting as IF THEY are the ones getting robbed! To blame Clinton is just bullshit.....Bush is a oil man...and he and his administration deserve to be brought up on war crimes and for letting his pals rape America dry.....PERIOD...END OF f***IN STORY! 
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legacy1
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May 1 @ 10:37PM
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October 26, 2005
State and Federal Treasuries "Profit" More from Gasoline Sales than U.S. Oil Industry
by Jonathan Williams and Scott A. Hodge
Fiscal Fact No. 38
High gas prices and strong oil company earnings have generated a rash of new tax proposals in recent months. Some lawmakers have called for new “windfall profits” taxes—similar to the one signed into federal law in 1980 by President Jimmy Carter—that would tax the profits of major oil companies at a rate of 50 percent. Meanwhile, many commentators have voiced support for the idea of increasing gas taxes to keep the price of gasoline at post-Katrina highs, thereby reducing gas consumption.
However, often ignored in this debate is the fact that oil industry profits are highly cyclical, making them just as prone to “busts” as to “booms.” Additionally, tax collections on the production and import of gasoline by state and federal governments are already near historic highs. In fact, in recent decades governments have collected far more revenue from gasoline taxes than the largest U.S. oil companies have collectively earned in domestic profits. (Click here for previous analysis of state, local and federal gas taxes.)
According to data compiled by the U.S. Department of Energy’s Energy Information Administration, the domestic profits of the 25 largest oil companies in the U.S. have been highly volatile since the late 1970s.
As illustrated in Figure 1, between 1977 and 1985, the oil industry recorded relatively high profits—averaging nearly $33 billion per year, after adjusting for inflation. These good times were followed by ten years of relatively flat profits, averaging just $12.3 billion per year. In 1996, profits began to rise again but have been anything but stable, ranging from $9 billion to nearly $42 billion per year. Between 1977 and 2004, the industry’s domestic profits totaled $643 billion, after adjusting for inflation.
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