Excellent post, Ron. Thanks.
Dave Garber
----- Original Message -----
From: "Ron Porter" <ronporter@ameritech.net>
To: <shotimes@autox.team.net>
Sent: Monday, August 14, 2006 3:26 AM
Subject: RE: [Shotimes] gasoline, give it to mike-ee, he eats everything
> Oh sure...all we need is the government running MORE businesses and
killing
> any productivity.
>
> You are confusing a few things here. Not all electricity production is via
> public utilities. Some of it is produced by private enterprise and sold to
> public utilities.
>
> There is NO natural gas that I know of that is produced by public
utilities.
> The public utilities are the middlemen who handle distribution.
>
> I could make an argument that we should privatize the utilities.
>
> Providing gas through retail outlets is nothing like supplying energy to
> homes, businesses, etc.
>
> There is no Constitutional 'right" for cheap gas. Anyway, define 'cheap".
> Gas is now, adjusted for inflation, getting close to the cost of the early
> '80s, so it's been cheaper for the last 25 years.
>
> Remember a couple of weeks ago with all of the whining about Exxon making
> $10.36 billion last quarter? Well, it was on revenues of $99.03 billion. A
> quick calculator exercise shows that they only had a profit margin of
10.5%.
>
> Apply 10.5% to a $3.00 gallon of gas, and you get $0.315 in profit on each
> gallon of gas. Compare that to the $0.60 - $1.00 (or more) that is paid in
> taxes on every gallon, and let's look at where the "windfall" is going.
>
> Whenever I see our whiney liberal Governor on TV with her campaign ads
> complaining about the "windfall" gas profits, and I think about Michigan
> charging 6% sales tax on each gallon, and charging the tax on top of the
> federal taxes, I want to throw my shoe through the TV!!
>
> Ron Porter
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