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Originally Posted by Henry_VIII
If you think the money to pay the oil tax will come out of the oil companies profits, it's not going to happen. It's just another tax that you and I will pay in the form of even higher gas prices.
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you're confused.
this is a increased cost of the right to explore in public land (some of which is leased for as low as only a $1/yr), this is not an increase in the costs for refining.