One (Obscenely Profitable) Day In the Life of Big Oil August 2, 2012Posted by rogerhollander in Economic Crisis, Energy, Environment.
Tags: abby zimet, big oil, carbon pollution, Obama, oil ceos, oil companies, oil industry, oil profits, roger hollander, romney, stock paybacks, tax breaks
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by Abby Zimet
Every hour this year, the five biggest oil companies have made $14,400,000 in profits, or more in one minute than what 96% of American households earn in one year. Each hour they also received over $270,000 in federal tax breaks, or $2.4 billion a year. Romney and the GOP want to double that, even though they already pay under 17% in taxes. ThinkProgress created a great chart tracking their money and pollutants over one day.