Where are the Liberal democrats when you need them

[unk]

Someone needs to stop these bad a$$ oil company's obscene profits. We need another excess profits tax. To hell with the stockholders.


Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab

By Joe Carroll

April 23 (Bloomberg) -- Whether it's $50 to fill up your Prius or $130 for the Ford Expedition, $4-a-gallon gasoline is coming to a pump near you.

[marked]

unk said:

Someone needs to stop these bad a$$ oil company's obscene profits. We need another excess profits tax. To hell with the stockholders.


Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab

By Joe Carroll

April 23 (Bloomberg) -- Whether it's $50 to fill up your Prius or $130 for the Ford Expedition, $4-a-gallon gasoline is coming to a pump near you.

Maybe we should just stop giving them tax incentives to drill. $63 a barrel oil should be incentive enough.

[unk]

marked said:

unk said:

Someone needs to stop these bad a$$ oil company's obscene profits. We need another excess profits tax. To hell with the stockholders.


Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab

By Joe Carroll

April 23 (Bloomberg) -- Whether it's $50 to fill up your Prius or $130 for the Ford Expedition, $4-a-gallon gasoline is coming to a pump near you.

Maybe we should just stop giving them tax incentives to drill. $63 a barrel oil should be incentive enough.

<> NO, We need to drill in Alaska, in the mountains of the USA, off the shores of our borders. More wind power, right in the back door of the Sen. Kennedy and clan. We need to build more refineries. THe environmental wacko's have been standing in the way of this progress.

[limey]

I dream of paying $4 dollars, a gallon, I'm paying nearer $10!!! a gallon, it costs me about £80, $160 to fill my little old Discovery...

[marked]

unk said:

marked said:

Maybe we should just stop giving them tax incentives to drill. $63 a barrel oil should be incentive enough.

<> NO, We need to drill in Alaska, in the mountains of the USA, off the shores of our borders. More wind power, right in the back door of the Sen. Kennedy and clan. We need to build more refineries. THe environmental wacko's have been standing in the way of this progress.

Or we should let natural market factors determine the price of oil.

[unk]

marked said:

unk said:

<> NO, We need to drill in Alaska, in the mountains of the USA, off the shores of our borders. More wind power, right in the back door of the Sen. Kennedy and clan. We need to build more refineries. THe environmental wacko's have been standing in the way of this progress.

Or we should let natural market factors determine the price of oil.

<> If Bush and Cheny would quit interfering with the natural market process we would see cheaper oil. ;D

[marked]

The U.S. government over the next five years will give a windfall of $7 billion to oil companies -- yes, the same oil companies that reported record profits last year. But wait, it gets worse: If one oil company that is suing the government succeeds, that windfall could hit nearly $35 billion. Oh, and one more thing: There appears to be little anyone can do about it. Think about that the next time you pay a small fortune to fill your tank.

economistsview.typepad.com/economistsview/2006/02/tax_breaks_for_.html

[amatx]

Slapping new taxes on fuel producers will only cost consumers even more. Prices will increase as a result of the oil companies passing the taxes along.

[marked]

amatx said:

Slapping new taxes on fuel producers will only cost consumers even more. Prices will increase as a result of the oil companies passing the taxes along.

They're talking about taking away tax breaks, not imposing new taxes.

[amatx]

unk said:

We need another excess profits tax.

marked,
I was responding to unk.

Oil companies certainly could do without tax breaks, drilling incentives, and reduced lease fees. But as to profit: Oil company profits are currently taxed, and the more profit they make, the more tax revenues go to the treasury.

Or would we all be happier if oil companies were broke, failing, and laying off tens of thousands of workers?

[horribilis]

Prices will increase as a result of the oil companies passing the taxes along.

Every business enterprise passes along every expense incurred to their customers. If they didn't, they wouldn't survive as a business.

Businesses don't pay taxes, people pay taxes.

Anyone who thinks otherwise has been brainwashed by liberal moonshine.

[marked]

amatx said:

unk said:

We need another excess profits tax.

marked,
I was responding to unk.

Oil companies certainly could do without tax breaks, drilling incentives, and reduced lease fees. But as to profit: Oil company profits are currently taxed, and the more profit they make, the more tax revenues go to the treasury.

Or would we all be happier if oil companies were broke, failing, and laying off tens of thousands of workers?

We should be happier if the most profitable companies in the history of our country weren't getting such large tax breaks.

[traveler]

unk said:

Someone needs to stop these bad a$$ oil company's obscene profits. We need another excess profits tax.

What's obscene about profits? If you think their profits are excessive then don't buy their oil; buy someone else's. Can't find any cheaper oil? Then I guess their profits aren't excessive. That's market price.

You would have them give away their oil at less than the market price?

[marked]

traveler said:

unk said:

Someone needs to stop these bad a$$ oil company's obscene profits. We need another excess profits tax.

What's obscene about profits? If you think their profits are excessive then don't buy their oil; buy someone else's. Can't find any cheaper oil? Then I guess their profits aren't excessive. That's market price.

You would have them give away their oil at less than the market price?

He was being sarcastic. He doesn't realize that he doesn't write well enough for it to come across that way.