Oil and gas prices: rockets and feathers

#51
#51
lawgator1 said:
Again, you can only say they'd be higher than they otherwise would have been. You cannot argue that the WPT adopted one day means an automatic price rise the next. As long as Joe gets his check, he's going to figure gas will be close to $3.50 or $4 anyway.
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yeah and who do you think joe will blame 4 years from now when oil is $200 a barrell because no american based company wants to do new drilling because of all their profits will be taxed?
 
#52
#52
MG1968 said:
oh, and taxing a business and then doling that money out to "the people" is not a rebate, it's a redistributionist scheme that would make Karl Marx proud, if clamoring for more.
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you can't be implying obama has socialist tendencies can you? :question:
 
#53
#53
lawgator1 said:
While Joe Six Pack wonders if he can send his kids ot college, save for retirement, pay for health care, or even pay his mortgage, you aren't going to be able to do much to persudae him that a profit rate of $50 billion a year is reasonable.

What I am saying is that average people don't accept the argument that you can justify mammoth returns based on big risk in light of what those returns are causing in the day to day economy, one already wrecked by other problems.
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Why do you always try to give the "average American" perspective. Can you not admit that you hold these views and let others speak for themselves?

Do you personally support the WPT?
 
#54
#54
How can anyone believe this? You can post a hundred paragraphs, but when the hell does common sense come in to play here? How is taxing oil companies going to a)make the price come down or b)put one drop of gas in my car? And the same people who claim Bush was power hungry with the Patriot Act etc are the same ones saying we should MAKE oil companies give out rebate checks.
 
#56
#56
volinbham said:
Why do you always try to give the "average American" perspective. Can you not admit that you hold these views and let others speak for themselves?

Do you personally support the WPT?
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He does not. But he has a "friend" that does.
 
#57
#57
volsforever27 said:
How can anyone believe this? You can post a hundred paragraphs, but when the hell does common sense come in to play here? How is taxing oil companies going to a)make the price come down or b)put one drop of gas in my car?
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the same way that Obama's massive tax increases will spur the economy and create millions of private sector jobs.
 
#65
#65
MG1968 said:
Obama and his supporters like to point out Exxon Mobil's "record" profit. Particularly last quarter's 11.7 billion. What they conveniently, and purposefully ignore, is the fact that in the same quarter, Exxon Mobile paid over 33 billion in taxes directly to the Federal treasury. That's more taxes paid over three months than over 50% of US households pay in an entire year.

damn socialists indeed.
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I don't think so. Although they did pay about that much in all taxes last quarter, don't forget that they are a world-wide company and many taxing entities have their hooks in the company. According to SEC filings, less than 21% of net income came from the US.
 
#66
#66
KentheOrange said:
I don't think so. Although they did pay about that much in all taxes last quarter, don't forget that they are a world-wide company and many taxing entities have their hooks in the company. According to SEC filings, less than 21% of net income came from the US.
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So most of their profit doesn't come from screwing innocent U.S. customers?

On a serious note, I wonder how BO factors this into his Windfall Profits Tax plan - if the numbers are similar for other Big Oil - their total profits last year were only about $30 billion. Even taking every penny of U.S. profits would only yield his $1000 to 30 million households in the U.S.
 
#67
#67
There is, coincidentally, an article in today's Orlando Sentinel about the rocket and feathers phenomenon of gas prices rising rapidly when crude goe sup, but coming down much more slowly when the price of a barrel of oil goes down.

Oil is getting cheaper - then why is gas still so expensive? -- OrlandoSentinel.com

To be honest, I don't find the explanation very good. The guy says, basically, that's the way it works.

More significant to our discussion, scroll to the bottom and read some of the 100+ comments of people writing in about this story. I'd say it runs about 5-1 or so that this is all orchestrated and that Bush and particularly Cheney are part of it.

This is going to be a big issue in the campaign. And I saw last night that for the first time since 1928 a sitting VP is NOT going to go to his party's convention. That's right, Chaney is going to be otherwise engaged then.
 
#68
#68
lawgator1 said:
More significant to our discussion, scroll to the bottom and read some of the 100+ comments of people writing in about this story. I'd say it runs about 5-1 or so that this is all orchestrated and that Bush and particularly Cheney are part of it.
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I wonder where they got that idea...
 
#70
#70
lawgator1 said:
There is, coincidentally, an article in today's Orlando Sentinel about the rocket and feathers phenomenon of gas prices rising rapidly when crude goe sup, but coming down much more slowly when the price of a barrel of oil goes down.

Oil is getting cheaper - then why is gas still so expensive? -- OrlandoSentinel.com

To be honest, I don't find the explanation very good. The guy says, basically, that's the way it works.

More significant to our discussion, scroll to the bottom and read some of the 100+ comments of people writing in about this story. I'd say it runs about 5-1 or so that this is all orchestrated and that Bush and particularly Cheney are part of it.

This is going to be a big issue in the campaign. And I saw last night that for the first time since 1928 a sitting VP is NOT going to go to his party's convention. That's right, Chaney is going to be otherwise engaged then.
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did you not read this part:

"As crude-oil prices go down, we may not see gasoline prices go down as much, because they didn't go up as much."


I also love the first comment:

Gas prices didn't go up as much as oil prices? Really? Then why are oil companies, ACROSS THE BOARDS, making record profits for the last few years?

shows how clueless the average american is about the oil business.
 
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#71
#71
lawgator1 said:
More significant to our discussion, scroll to the bottom and read some of the 100+ comments of people writing in about this story. I'd say it runs about 5-1 or so that this is all orchestrated and that Bush and particularly Cheney are part of it.

.
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I'd say that speaks poorly, but accurately, to the education of the people that read that paper.
 
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