Zeev's Turnips Talk Politics (ZTTP)

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Not every lease has oil. Did ya know that on the amount of oil that "big oil" profited $2.64 Billion dollars that the gov. collected $1.4 Trillion in taxes?

The breakdown of gas/diesel at the pump:
Taxes: 11%/11%
Distribution/marketing: 6%/7%
Refining: 10%/21%
Crude Oil: 73%/61%

Here's the dirty little secret about our fuel costs being so high:

THE WEAK DOLLAR!!

IE- A little over 1 yr. ago- One U.S. Dollar would get you 3 Brazillian dollars- today it's one to one (or close).

Global demand for oil has increased and we are competing against currencies that have significantly gained strength- our has weakened making the situation that much more amplified.

U.S.refineries are over 1 yr. out on refining current oil on hand. Our pipeline infrastructure is also at capacity.

I'd suggest everyone do their DD before scapegoating and repeating what the press is feeding you.