Originally Posted by UGLY  They have answered that question and the answer is. Either there isn't oil there or the oil that is there is not economical to extract and bring to market. Before you say they make enough to pay for the extraction, it wouldn't make sense to invest in a losing proposition. Further more I read an article that Exxon paid more in taxes than the bottom fifty percent of wage earners in America paid, they are taxed at 41% of their taxable income. |
Really? In 46 million undrilled, unexplored acres they've just assumed that there's no oil there? How do they know that if they haven't explored it? Why, also, wouldn't it be economical, especially compared to going all of the way up to Alaska and getting the miniscule amount of oil that they'd get there?
I'm not buying it that they pay any taxes at all. Many major U.S. corporations pay zero in taxes, and I'll assure you that oil companies are tops on that list. If they are paying taxes, good, as their profits are being made off of the back of the U.S. economy. That, to me, is as criminally un-American as you can get. Yet, we worry about folks like me who call out injustice and a "resident" who lied American soldiers into their deaths in Iraq.
So, how much you making from oil, or are you another one of those cases of false consciousness that wealthy right wing fascists sell people into their way of thinking?