You keep talking about Exxon Mobile. How about Conoco Phillips and all the others. Raise taxes on them and all US gas will cost more but US companies will be dis-advantaged. I used to shake my head when I heard how much more Europeans pay for gas. That was because of taxes, and look what it has got them. Even compared to ours, European economies are a smoking hole in the ground now.
American oil companies paying income taxes on crude oil production will have zero effect on world crude oil prices, and, therefore, would have zero effect on gasoline prices. How many times do I have to repeat that?
Really? Are you that big of a dolt? How can adding taxes not raise prices? A tax is a cost to a company. If it costs a company $1 to make a gizmo and it wants a fair margin of 30% the sell price would be $1.43 (Margin is not the same as precentage) so if I now ihave ot pay taxes on the profits of the gizmo, let's just say 10%. I still need the 30% margin in order to pay back the loans I have for starting the business and pay stock holders as well as create a reserve to use for research and development as well as legal claims against the gizmo. And at 1.43 each I can sell 100 Million a year = 43 Million in profits. Now my costs are 1.043 each unit. 1.043 /.7 = 1.49 each. At a $1.49 for some reason I can only sell 75 Million a year = 111, 750 a year in income rather than the 143 with out taxes. There may be many reasons why we only sell 75% with a slight price increase it may be subsitute goods (a widget is 1.46 and just as good as the gizmo) it could be satisfaction, that at 1.43 you want one at a 1.49 it is not worth it to you and you are willing to spend $.01more to get another good precieved to be better. Would they buy two of the Zots for the same $1.49 even though they are not the quality? Will they buy the imported product that has cheaper labor making them and get three for the same $1.49?
Now at making 75million I only need 20 guys to make it them rather than the 25 I have now. Do I cut 5 guys? Do I put all on a 35 hour work week? Cutting their pay will it cut my costs enough to lower my price or absorb the tax and keep the price the same and just have a shortage of goods?
Are you really that Stupid to think economics are a zero sum gain? That no mater the cost the same amount will still be purchased, that increasing taxes on needed items to fuel the economy will have no effect on other prices as the costs to move or make raw materials, labor, and finnished products around. After all you have X amount of money and if the fuel it takes for you to get to work goes up that is going to make you have to spend less elsewhere or figure out a new source of income, that will come with it's own costs.
I will make you a deal. If you go to your local community college and take an Econ 101 class, so you can learn costs and price structure, supply and demand, The ultilazation of Capital and resources, and get a B- or better in it, I will pay for the class.