Energy 101 for Dummies Barack Obama

Dear Obama,
You certainly do make a habit of insulting good Americans. Your latest is dangling another government giveaway -what was it – $1000 this time? Was all your so-called community activism strictly performed in welfare neighborhoods? Because you seem to operate under the illusion that all Americans rejoice at the thought of government hand outs.

Personally, I don’t want your dirty money. Because deciding how much profit any business can make and then extracting what you deem to be an excess is dirty business in my book. But then, you and your posse of progressives live and breathe in order to plunder private businesses.
It seems to me that the the government has gouged the oil companies enough. Yet you want more. When is it ever enough with you people?

From Bizzy Blog…

Media Near-Secret: Exxon’s Taxes Almost 3x As Much As Profits

“In addition to making hefty profits, Exxon also had a hefty tax bill. Worldwide, the company paid $10.5 billion in income taxes in the second quarter, $9.5 billion in sales taxes, and over $12 billion in what it called ‘other taxes.’”
….. In other words, Exxon Mobil paid $32.361 billion in taxes in the second quarter, which works out to $4,114 in taxes per second.

Go to his site to see the graph Perry put up.

Looking at it from another perspective, Exxon Mobil’s profit of about 8.4% of sales, while the taxes paid represented over 23% of sales. (August 1 AM Note: This was originally said to be 32%, but has been corrected. The transposition zombies have been appropriately tracked down and punished.)

It’s remarkable that CNN even reported the taxes paid, as they were the clear exception:

• This UK Guardian article about the Democrats’ objections to Exxon’s profits didn’t.
• Kristen Hays at the Houston Chronicle didn’t.
• Bloomberg didn’t.
• The Associated Press ….. you’re kidding, right?

The word “tax” does not appear in the Guardian, Chronicle, or AP articles. Bloomberg only used the word in connection with the after-tax effect of the company’s Exxon Valdez settlement.

So who are the greedy ones — Exxon shareholders who want a return on their investment, or the myriad government entities who insist that their grubby fingers be in the pie?

And now you are whining because most Americans find your inflated tire fetish amusing. Well, we have to laugh at this point, Obama sweetie, because it is getting rather surreal that you can continue to pontificate, uttering inanities at every opportunity, and the main stream media just let’s you get away with it. It seems like it is affirmative action with you all the way. The media will ignore your every inadequacy in order to assuage their collective white guilt and try to see to it that you get elected into a position that you aren’t in the least bit qualified for.

But sane Americans do have your number, Obama, and a lesson in basic math that your tire gauges can’t inflate.

From Uppity Woman…
Obama: Inflate Your Damned Tires and Everything Will Be Fine «

Properly inflating your tires can improve gas mileage by 3%. Of course, many people already keep their tires properly inflated, and many more are at least close to being properly inflated. Let’s be generous and assume that one-half of the total possible savings would be realized if we all inflated our tires properly; that’s a net gain of 1.5% fuel efficiency.

Americans drive approximately 2,880 miles per year. If we average 24 mpg, we use around 120 billion gallons of gasoline in our vehicles. If, through perfect tire inflation, we improved our collective fuel efficiency by 1.5%, that would be 1.8 billion gallons. A barrel of oil produces around 20 gallons of gasoline, so the total savings available through tire inflation is approximately 90,000,000 barrels of oil annually.

How does this stack up against “all the oil that they’re talking about getting off drilling?”

ANWR: 10 billion barrels
Outer Continental Shelf: 18 billion barrels (estimated; the actual total is undoubtedly much higher, since exploration has been banned)
Oil shale: 1 trillion barrels

So, on the above assumptions, it would take only 11,308 years of proper tire inflation to equal “all the oil that they’re talking about getting off drilling.”

For more of Obama’s many stupidities, visit Barack Gaffes.

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