You are flat out wrong, with all due respect.  The profits are high due to the volumes.  Profits per capital employed in the oil refining industry are actually lower than several other major sectors, including microchip manufacture and software.  But you don't see the government calling for windfall taxes on them.

Now we get this proposal from Obama:

http://news.yahoo.com/s/ap/obama

Great, because subsidizing inefficient energy use and taking money away from energy firms for investment is just sure to alleviate supply/demand problems (cough).