Impossible headlines for America (Part three): Bush Lowers The Exxon Tax

In 2004, the world's largest oil company, Exxon Mobil, showed the best profit ever registered by a corporation.
The oil industry's profits were running at annual rate of $62.8 billion in the first quarter of 2005, several months before the most recent run-up in prices. This compares to an average of just $24.3 billion (in 2005 dollars) over the last five years. Exxon Mobil, will likely have over $10 billion in profits this quarter.
Isn't that the miracle of the market forces + hard work + innovation (oil = progress)?

The Austrian government threatened OMV (biggest Austrian oil company) with punitive taxes, because the price of gasoline at the pump stayed high even after world oil prices went lower (the OMV price promptly dropped the next day).
It's not likely we'll see such gestures from the White House. Not at $5, nor at $10 per gallon of gasoline.