Oil is a essentially a fixed margin business. The % does not change, the absolute dollars do based on volume. Saudi charges more for a barrel, oil co makes more earnings on that higher cost. So now O is saying that the oil companies are not making enough profits. Is this same rationale going to apply to “small businesses” when determining when they can afford to pay for O’s healthcare plan? Who are these people and how do they determine this? Do they sit in ivory towers in the clouds? Therein lies the danger of the all-knowing left.

I thought the whole WPT concept was grossly stupid. The government tax on fuel exceeds the oil companies profits in percentage terms. Who is gouging whom?