With California Attorney General Bill Lockyer being the first to launch an investigation into oil company “profiteering”, I’m sure the antithesis of big business, Eliot Spitzer, is chomping at the bit to get in on the action and play to the hearts of the liberal voters.
I hope he does. I hope he breaks down the cost of a gallon of gas and tells the everybody exactly how much the oil companies make per gallon, and how much the government collects per gallon. Stop flouting the “big numbers” like total profit a company makes, and show us the fundamentals.
Then explain to us why the government feels they should profit more off a product than the companies that produce it.