Professor Mark J. Perry's Blog for Economics and Finance
Amid all the media hysteria over the price of gasoline and the profits of "Big Oil," one simple fact has been repeatedly overlooked: The oil companies' earnings are just under 10 percent of the price of a gallon of gas, while taxes take 17 percent. Yet who ever accuses the government of "greed"?
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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