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Petroleum from waste biomass
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<blockquote data-quote="TexasBred" data-source="post: 550251" data-attributes="member: 6897"><p>I really think the O&G companies would like to get rid of the politicians. They would be drilling now if not for them. Most folks seem to hate companies like Exxon/Mobile even though you probably have money invested in their stock if you have money in a mutual fund or a 401-K (At least Exxon/Mobile didn't pull the value of it down). Anyway, 2007 Exxon/Mobile paid $30 billion in Federal Income Tax or a 41.4% tax rate. Pretty good income for Uncle Sam. That's more taxes than the bottom 50% of all FIT returns filed in 2007 paid or more than the taxes paid by 65 million people combined, and what they paid averaged 3% of taxable income. And you think these meetings with congress really amount to anything? The last thing big gov't wants is for oil company profits to fall.</p></blockquote><p></p>
[QUOTE="TexasBred, post: 550251, member: 6897"] I really think the O&G companies would like to get rid of the politicians. They would be drilling now if not for them. Most folks seem to hate companies like Exxon/Mobile even though you probably have money invested in their stock if you have money in a mutual fund or a 401-K (At least Exxon/Mobile didn't pull the value of it down). Anyway, 2007 Exxon/Mobile paid $30 billion in Federal Income Tax or a 41.4% tax rate. Pretty good income for Uncle Sam. That's more taxes than the bottom 50% of all FIT returns filed in 2007 paid or more than the taxes paid by 65 million people combined, and what they paid averaged 3% of taxable income. And you think these meetings with congress really amount to anything? The last thing big gov't wants is for oil company profits to fall. [/QUOTE]
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