Government: The Real Oil Profiteers

Oil companies will surely be getting a beating for their record profits this year. When you see it, just keep this in mind: “Gas Taxes Exceed Oil Companies’ Profits.” Here’s the take-home-message:

Since 1977, governments collected more than $1.34 trillion, after adjusting for inflation, in gasoline tax revenuesâ??more than twice the amount of domestic profits earned by major U.S. oil companies during the same period:

Via Instapundit.