Windfall profits? Is I don't hear cries of windfall profits when Coke Cola's profit margin is 20% or the pharmaceutical industries average margin is 16.5%. But when oil's margin of 8.5% generate profits of $3 to $8 billion, because of business volume, it’s called "windfall". A little basic economics 101 would help here.

So the congressional response to this "windfall" is to:
A) Pad the federal treasury with a new royalties when the PPB rises above $55,
B) Congress “feels our pain” with a $100 "rebate,"
C) Increase taxes on oil company inventories,
D) Rescind tax incentives on exploration in difficult areas.

What’s wrong with this? It's simply pandering. When we need to explore more, congress makes it more expensive. While congress gives $100 to the taxpayer on one hand, it comes right out of the other pocket.

Historically it's been charged that corporate America doesn't pay taxes. In truth that is a fact. All business taxes are passed through to the end user as a cost of doing business. So new royalties will come...out of the taxpayers pocket.

Taxes of oil company inventories, out of the taxpayer's personal budget. Rescind tax incentives, a double hit in both more taxes passed through and more increases in actual costs as the supply continues to diminish because of the costs of exploring areas like shale oil.

The whole issue is a blatant example of the left and both sides of the aisle in Congress preying on the ignorance of the American people. The local paper characterized the royaly cap as costing government billions of dollars. It would be better said, "the cap saves the US taxpayer billions of dollars," they're the ones who pay the bill.

If I can figure this out and understand it, what’s wrong with the "big guys?"

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