No .... It's YOU who has some 'splainin to do
Ya wanna know WHY we have oil subsidies in this country?
- to corporations that have had consistently the highest profit margins in the history of the world?
Just check out how much these corporations "fuel" campaigns and party coffers every year ..... That's Why
We.re talking about oil so why don't we see just where oil fits in as far as profit margins.
The profit margin for the oil and Natural Gas industry in 2010 was less than 8% worldwide and in the U.S. it was 5.7%
So, lets see how it stacks up to other U.S. industries:
Beverages and Tobacco 21.7%
Pharmaceuticals and medicine 19.4%
Computer and peripheral equipment 17.3%
Electrical equipment, Appliances and components 10.6%
All manufacturing 8.5%
Apparel and leather products 7.7%
Aerospace products and parts 6.7%
Oil and Natural Gas 5.7%
Motor Vehicles and parts 5.2%
Plastics and Rubber products 4.0%
Textile mills and textile products 3.9%
Furniture and related products 0.6%
Iron, Steel and Ferro Alloys -2.2%
( Information based on government fillings as reported by the Census Bureau)
My guess is that you have no clue about what you are talking about or about what a Profit Margin is.
As far as how much the Oil Industry gives to political parties , it's much less than you and your clueless friends like to think.
The Oil and Gas industry ranked 19 in the amount of money contributed to politicians in the 2008 election cycle: $17.7 million.
The number one industry in politics contributions was Lawyers who contributed $126.9 million, or more than seven times the amount the Oil and Gas industry contributed. The Education lobby gave $37.4 million, over twice the contributions of the Oil and Gas industry and we know that both of those supported Democrats.
You still haven't answered any of the questions I posed in my original post. Like I said, if you don't have a clue about what you are trying to talk about, sit down be quiet and let the adults talk.
So, tell me again, who has "some splainin to do" ?