Government, not the oil industry, is the biggest 'profiteer' from oil. And it uses the tax revenue to expand its own authority at the expense of the individual, as it does with an endless number of other industries - including electric power, coal, lumber, pharmaceuticals, automobiles, aircraft, and agriculture. The Statist's intrusion to the free market is boundless.
Liberty and Tyranny: A Conservative Manifesto (ed. Simon and Schuster, 2009) - ISBN: 9781416562856