oil speculation is hurting everyone

[getitgoin]

http://www.teamster.org/08news/hn_080613_1.asp

There's darn few jobs in this country that haven't been hurt by energy market speculation.

 

[NewHampshire Black Bears]

http://www.teamster.org/08news/hn_080613_1.asp

There's darn few jobs in this country that haven't been hurt by energy market speculation.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

THIS country,.........under the PRESENT Administration,.....has NO PROBLEM with what the oil situation(think BIG Oil profits)..is.

And to show their "mood" towards BIG oil,...............they(WE :angry: ) give the DIRTY B***ARDS .."TAX....BREAKS" !!

It's NOT rocket Science,

it IS...What it IS........................CAPITALISM,.........."at ANY COST" !!!!!!!!!

The HOLY GRAIL..of the REPUBLICAN party :down: :down: :down:

(and IF ANYONE...when "push comes to shove"...Thinks John McCain will be a DIFFERENT..REPUBLICAN,..then I suggest that they also believe STRONGLY in the TOOTH FAIRY !!

 

[Gilding the Lily]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

THIS country,.........under the PRESENT Administration,.....has NO PROBLEM with what the oil situation(think BIG Oil profits)..is.

And to show their "mood" towards BIG oil,...............they(WE :angry: ) give the DIRTY B***ARDS .."TAX....BREAKS" !!

It's NOT rocket Science,

it IS...What it IS........................CAPITALISM,.........."at ANY COST" !!!!!!!!!

Bears,

Back in the 80's, Congress wanted a bigger piece of American Oil Company revenues. Citing the oil industry's low effective income tax rates and two oil industry tax subsidies, Congress passed a Windfall Profit Tax. This tax, however, had various adverse economic effects. For one, the tax reduced the domestic supply of crude oil below what the supply would have been without the tax. This increased the demand for imported oil and made the United States more dependent upon foreign oil! Second, it distorted resource use in the energy markets and the economy, a problem that the Teamsters are concerned about in the link in the previous post. These are some of the reasons why it was repealed.

Many would suggest that our dependence upon foreign oil is a factor in the situation you so eloquently discuss in your post. The last tax adjustment on Big Oil had adverse economic effects; are you sure you want to open that possibility again?

 

[Tug McGroin]

Bears,

Back in the 80's, Congress wanted a bigger piece of American Oil Company revenues. Citing the oil industry's low effective income tax rates and two oil industry tax subsidies, Congress passed a Windfall Profit Tax. This tax, however, had various adverse economic effects. For one, the tax reduced the domestic supply of crude oil below what the supply would have been without the tax. This increased the demand for imported oil and made the United States more dependent upon foreign oil! Second, it distorted resource use in the energy markets and the economy, a problem that the Teamsters are concerned about in the link in the previous post. These are some of the reasons why it was repealed.

Many would suggest that our dependence upon foreign oil is a factor in the situation you so eloquently discuss in your post. The last tax adjustment on Big Oil had adverse economic effects; are you sure you want to open that possibility again?

Spot on Lily!

 

[cooper43]

Bears,

Back in the 80's, Congress wanted a bigger piece of American Oil Company revenues. Citing the oil industry's low effective income tax rates and two oil industry tax subsidies, Congress passed a Windfall Profit Tax. This tax, however, had various adverse economic effects. For one, the tax reduced the domestic supply of crude oil below what the supply would have been without the tax. This increased the demand for imported oil and made the United States more dependent upon foreign oil! Second, it distorted resource use in the energy markets and the economy, a problem that the Teamsters are concerned about in the link in the previous post. These are some of the reasons why it was repealed.

Many would suggest that our dependence upon foreign oil is a factor in the situation you so eloquently discuss in your post. The last tax adjustment on Big Oil had adverse economic effects; are you sure you want to open that possibility again?

Yes I'm sure I want to raise thier taxes. They are getting tax breaks now. And they have been making record profits for several years now. They have not invested any money into refineries in order to control supply of gasoline and raise prices. Now I have heard over and over again that no one wants a refinery in thier back yard and there are too many regulations to go thruogh so the oil companies dont want to bother. But if they really wanted to build refineries and they would make more money by doing so I cant see paper work keeping them from doing just that. Besides Bush (the oil man) is president he would short cut any problems they would face if it were in big oils best interest. So I say tax the hell out of them. If they pass it on to the consumers maybe we will find an alternative even faster than we are now (IMHO).

 

[Tug McGroin]

Yes I'm sure I want to raise thier taxes. They are getting tax breaks now. And they have been making record profits for several years now. They have not invested any money into refineries in order to control supply of gasoline and raise prices. Now I have heard over and over again that no one wants a refinery in thier back yard and there are too many regulations to go thruogh so the oil companies dont want to bother. But if they really wanted to build refineries and they would make more money by doing so I cant see paper work keeping them from doing just that. Besides Bush (the oil man) is president he would short cut any problems they would face if it were in big oils best interest. So I say tax the hell out of them. If they pass it on to the consumers maybe we will find an alternative even faster than we are now (IMHO).

Wrong beyond belief!!

 

[Cosworth]

The only way I support raising fuel tax is if there is a ready replacement available. I believe the technology is available but it is intentionally not being implemented.

 

[Gilding the Lily]

The only way I support raising fuel tax is if there is a ready replacement available. I believe the technology is available but it is intentionally not being implemented.

On a somewhat related note, Honda is releasing 300 hydrogen vehicles in the US soon. (Still VERY expensive).

 

[UAL_TECH]

Yes I'm sure I want to raise thier taxes. They are getting tax breaks now. And they have been making record profits for several years now. They have not invested any money into refineries in order to control supply of gasoline and raise prices. Now I have heard over and over again that no one wants a refinery in thier back yard and there are too many regulations to go thruogh so the oil companies dont want to bother. But if they really wanted to build refineries and they would make more money by doing so I cant see paper work keeping them from doing just that. Besides Bush (the oil man) is president he would short cut any problems they would face if it were in big oils best interest. So I say tax the hell out of them. If they pass it on to the consumers maybe we will find an alternative even faster than we are now (IMHO).

Two Words: Eminent Domain

This can work for you or against you unless it is court mandated and even then it is modifiable. Although I find you’re ‘hypotheses’ intriguing, it is too little too late. Any ‘tax’ that we put on the oil companies will be transferred to the consumers. (Oil companies are not like airlines that pass the loss to the employees)

In 1974 (last crisis), we ‘should have’ escalated Nuclear Energy, but we are such a ‘PC’ bunch of ID-10Ts that we whined and moaned about environmental impact issues all the while burning coal and oil to produce energy.
Yea, good choice, I see this plan working well,,, Very happy the cockroaches will survive our idiocy.

While we ‘MeriCans’ are concerned about the environment, the rest of the world is dumping their waste into the oceans.
Of course it is not right but what is our recourse?

Rant Cut Short, Boss says it is a 'loss leader'

B) UT

 

[NewHampshire Black Bears]

OK, I hear that there are a number of "variables" here.

So LETS make this "action' # 1 .


"STOP Tax $$$ Breaks Immediately" !!!!!!!!!!!(I believe "this" is different from the windfall profits tax) ?


Then we can figure out where we go from There.

 

[777 fixer]

On a somewhat related note, Honda is releasing 300 hydrogen vehicles in the US soon. (Still VERY expensive).

For a three year, $600 a month lease it can be yours!

< http://automobiles.honda.com/fcx-clarity/ >

 

[Cosworth]

Didn't one of the oil companies just move their HQ to the ME? I do not feel like looking it up. I would think at the very least, if you want to have a tax break, you at least have to have HQ and base of operations here in the US.

 

[Gilding the Lily]

I think increasing transparency is an appropriate response. Right now, traders can purchase oil contracts as, essentially, an anonymous party. Not only will transparency shed light on who is buying/selling the vast majority of these commodity contracts, but markets become more efficient when information/transparency is widely available.

 

[BABABOOY]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

THIS country,.........under the PRESENT Administration,.....has NO PROBLEM with what the oil situation(think BIG Oil profits)..is.

And to show their "mood" towards BIG oil,...............they(WE :angry: ) give the DIRTY B***ARDS .."TAX....BREAKS" !!

It's NOT rocket Science,

it IS...What it IS........................CAPITALISM,.........."at ANY COST" !!!!!!!!!

The HOLY GRAIL..of the REPUBLICAN party :down: :down: :down:

(and IF ANYONE...when "push comes to shove"...Thinks John McCain will be a DIFFERENT..REPUBLICAN,..then I suggest that they also believe STRONGLY in the TOOTH FAIRY !!

----I guess you would agree with the Democrats in Congress who are calling for Nationalization of the
oil refineries?