Is Big Oil the New Tobacco?

Taxes are coming for someone

Earn Thousands Before the Market Even Opens

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Is Big Oil the New Tobacco?

The Surgeon General first concluded that cigarettes cause cancer and other diseases in its historic 1964 report.

From 1976 to 1993, six independent studies found smoking accounted for between 6 and 8 percent of US healthcare costs, which amounted to more than $50 billion in 1993.

To recover these costs, states began to sue the largest cigarette manufactures, Philip Morris, Reynolds, Brown & Williamson and Lorillard.

In 1998, all 46 states, 4 territories along with Puerto Rico and the District of Columbia, entered into a Master Settlement Agreement with the cigarette manufacturer.

It was the largest civil litigation in US history.

Still to this day, each year cigarette companies pay each US state and territory a lump sum, culminating in a total payout of almost $7 billion annually.

It has been an enormous source of tax revenue for the governments.

Post-pandemic, governments are going to require new "alternative" sources of tax revenue.

The politicians will appear to try to pay back some of these multi-trillion-dollar stimulus packages.

Could Oil Be That Source?

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