eternitus

Exxon's 2007 Tax Bill: $30 Billion

Um, net deferred tax liability increased by less than $200 million last year (meaning your points about deferred taxes are moot in relation to Dr. Perry's argument). If you believe XOM shareholders are making obscene profits (and will continue to make such profits), you really ought to buy XOM stock, which you can purchase for next to nothing in brokerage fees.

A few points to remember:
1. You are not entitled to anything... cheap gasoline included.
2. The point of setting up a for-profit business is TO MAKE PROFITS.
3. Exxon does not set the price of oil.
4. Exxon's profit margins are 11%, not unreasonable when you compare it to Pfizer, which manages to make 17% on the backs of the sick and dying (who may not have an analogous option to number 4 below).
4. If you are dissatisfied with the price of gasoline, you may, at any time, take a train, ride a bike, walk, or ride the bus. All of these options will reduce your energy costs.