Re: Evan Knoll what a loser!
 

I agree 100%,MR. Hope & Change will fix every thing if we just give him just one more term and this time he means it.LOL

Re: Evan Knoll what a loser!
 

Well you said it much better than I did,lol. Thanks

Re: Evan Knoll what a loser!
 

Evan was cool when I met him years ago.

The gov't wrote checks to him w their paid accountants. They should be fired for not doing their job.

He got caught, many don't as we know.
I don't think the gov't is doing a good job w our elderly from what I have seen.
They like druggies, illegals and lazy ones who get a ship load of free bene's monthly.
Thanks Evan for supporting our great sport. It was a cool ride. You got caught, now do your time. et al.

Re: Evan Knoll what a loser!
 

Does anyone know just what 'loopholes', etc that the oil industry gets, or did you hear the term on CNBC or maybe from some democrat? Julie probably does, but she can't play.

Re: Evan Knoll what a loser!
 

Pissing away the rest(tax payer dollar) on wastefull BS entitlements/pork barrel spending! The waste and abuse is beyond comprehension!

Re: Evan Knoll what a loser!
 

Actually Jeff, it does not take much just look it up on the web. This is from the state of Texas

http://www.window.state.tx.us/specia...rgy/subsidies/


All energies get some form from the government

Re: Evan Knoll what a loser!
 

Before getting buried in a discussion of whether or not a corporation or industry receives a "subsidy", one needs to know if the entity or industry is a net tax payer or a net tax receiver. I really don't mind if a corporation pays no income tax. Consumers pay for everything at the time of purchase including taxes and profits anyway. This way maybe we can get a bit closer to knowing what the actual cost of the product is. Here is a good little article from Forbes [http://www.forbes.com/2010/04/01/ge-...ate-taxes.html] If I wanted to be really irked at an industry I'd look at the "green energy" industry. Then you would be really irked at the legislators who are enamored with this farce and spend your tax dollars with wreckless abandon trying to kick-start something that just isn't practical and won't pan-out.

Re: Evan Knoll what a loser!
 

From some of the comments I've read here, it appears that not everyone knows what Knoll did. The federal government charges an 18.5 cent tax on every gallon of gasoline sold in the US. If the gas is sold for off road use, the seller can file to have the 18.5 cent tax refunded. Knoll filed false reports to claim the refunds and received the payments. When the government did a routine audit that they do for everyone who files, they caught him.

It has not taken this long for the government to catch Knoll. He got caught with the scheme in 2008 and it has taken until now for him to plead guilty. Along the way were competency hearings, not guilty pleas and other legal maneuvers to delay a trial.

Jim

Re: Evan Knoll what a loser!
 

Jim, Thank you for setting the record straight. Some people are so set against "big oil" that they will use any excuse to bad mouth them.

Re: Evan Knoll what a loser!
 

That 20 gallon fill up you did yesterday? The one that cost you around $64?

You'll be happy to know that your state and federal government enjoyed taking in $7.60 of that.

The oil company that produced those 20 gallons of gas made about $1.34. Oh, that includes what the station that you bought the gas at made.

Yep, a massive, overwhelming, $0.07 (rounded up, by the way) per gallon the oil company and the gas station made on you, for providing you a product.

Of course, the government needed that paltry $0.38 per gallon they made on you, ostensibly for the road you drove on.

Oh, and you can thank those same government leaches for another $10-$12 of that new $64 hole in your wallet. Why?

Because you paid extra for an ethanol subsidy (which cost you around 10% of your federally mandated fuel economy you paid extra on your vehicle for).

You also paid for extra for having to have a "special" blend of that gasoline because of your street address. Yes, those of you in Division 3 got different gas than those of you in Division 1, or those in Division 5. In fact, a lot, if not most of you in the same Division got different gas than others in a different part of your Division.


Yes, those evil dastardly "big oil" companies. How dare they make up to 2.1% profit. A massive $2.1%. I mean, really, 2.1%? What are they thinking?

That's right, according to Fortune 500, the profit margin for the petroleum refining industry is 2.1%.

Crude oil production (drilling it and pumping it out of the ground) pays off at 11.5%. When you combine it with the mining industry.

Your ISP, that lets you browse Ken's website only makes 19.4% profit.

Your phone company only makes 20%.

Your cable or satellite provider only makes 20%.

The company that made your aspirin, antacid, cold and flu medication, or prescription drugs only made 19.3%.

The company that made all the things in your doctor's office or the hospital only made 16.3%.

The railroad that hauled a lot of that stuff only made 12.6%.

Your retirement investment firm only made 11%.

Only if you combine both drilling and pumping with refining and delivery does the profit margin possibly reach 13.6%.

However, that 13.6% includes the profit that the entity that owns the mineral rights makes. Or, in other words, Brazil, Saudi Arabia, Qatar, or any other host of nations.

By the way, the $0.38 per gallon the government makes DOES NOT include what the government makes on the mineral rights. They lease the mineral rights for billions of dollars. That's right, those oil rigs you see on public land, the government is making billions of dollars off of them, and you are paying for it. You even pay the salary of those guys and gals riding around in vehicles you bought, so the government can over see their billions of dollars they make as part of "big oil".

Oh, yeah. That 13.6% profit? It is not made just on gasoline and diesel fuel. Just about everything that has plastic or rubber in it contains refined petroleum. So to assume they're making 13.6% on every gallon of gas or diesel you buy is absurd, and not even close to the truth.