COL Gene COL Gene

Time for Excess Profits Tax on Big Oil!

Time for Excess Profits Tax on Big Oil!



The price of gas is not something that can be ignored. The explanation from Big Oil is just not acceptable. They claim the spring maintenance is the reason for the highest gas prices ever in this Country. At the same time oil company profits continue to set new records.

With the obscene profits oil companies have received they have not built ANY new refineries in 20 years to deal with the supply issue they claim is why prices are high. It is time to simply tax away the increasing profits and use that tax revenue to build refineries, seek alternate energy and begin forcing solutions that BIG OIL will not resolve. All they want is to pay huge salaries to their top executives and make the stockholders happy while destroying every person and business in this country. The increase in gas prices is FAR worse then any tax increase because it is harms ALL Americans and ALL American Business. For any of the conservatives that wail against tax increases, it is time to stop the rape by Big Oil!
41,672 views 171 replies
Reply #126 Top
"Crude oil would have to be at $100 per barrel to justify the current gas price"


And Microsoft controlling the supply of Windows causes it to be FAR more expensive than it costs to make. Welcome to ecomonics 101. Your books sell for far more than they would if I could print them and sell them myself. Is that unfair?

Are you a bolivarian? Your ideology here smells like cigars and death. I hear Castro is willing to lend out his "security" people to train nations like Venezuala, who decide to impose the kind of standards of fairness that you are talking about. That is the only way they work, and then only long enough for the nation to go to hell.

You aren't bolivarian, though. You don't give a damn whether the price that Brad, or Microsoft, or even YOU set for your products is "fair". Because this is oil, it has the taint of Bush on it, so your neurosis kicks in. Almost everything you own is effected by the price of computer software. Don't you care?

Is the price point for a gallon of gas over $3,00? We'll see whether Americans keep their ass at home this summer and refuse to pay. If not, then you, if you are honest, will have to admit that the market will bear it.



Reply #127 Top
Bakerstreet

What is unfair is that price of an essential commodity is being manipulated by several very large oil companies who control the supply and thus the price. They can create mini shortages by slowing down refining or by refining less of one product and more of another. If gas and heating oil were something that consumers could simply not purchase when the price got higher it would be different. However, people need to get to work. Goods must be transported regardless of the price. The Free market simply does not function with petroleum and since it is so essential increasing the price because the oil giants have created a supply problem causes great harm to both individuals and companies. Everyone is harmed except the Big Oil Companies. They reap the added profits their manipulation of the supply causes. Those increased profits are not being used to build new refining capacity which is the reason we are given for the high prices. Despite the fact that demand has been and will continue to increase, NO NEW refineries have been completed in at least 20 Years. There is every reason for BIG OIL to continue with the current practice so they may continue to payout dividends to the wealthy that own the oil stock and insure the supply relative to demand enables them to continue manipulating the price and their future profits! Free enterprise and competition is NOT operating in the oil industry!

To add insult to injury, Bush and the GOP gave Big Oil $12 Billion in tax credits. WHY? They have more then sufficient profits without the tax credits to build refineries or drill for oil. The Tax Credits is like sending Food Stamps to Bill Gates! Because we are operating at an annual budget deficit that $12 Billion in tax credits to Big Oil was BORROWED and we are paying interest on that tax credit! Then we cut the tax rates for the wealthy investors that own the oil company stock and we also borrowed the tax cuts to the wealthy in our country. EVERYTHING is WRONG with this picture!!!!!
Reply #128 Top
dictator col. gene i see you completely ignored what i wrote again

no new refineries have been finished in 20 years becouse the tree huggers won't let them be built

as for gas being used in the usa 33% of refined gas is imported becouse WE CANNOT REFINE ANY MORE BECOUSE WE ARE AT CAPACITY

as for shutting done for maintaince when do you think they should shut down when it is freezeing out so as to cut back on the amount of heating oil for the winter

or just wait until it breaks. then it will be shut down even longer. BUT LETS FACE IT THE ONLY THING YOU WOULD BE HAPPY WITH IS PAYING MORE FOR GAS IN THE FORM OF TAXES
Reply #129 Top
“No new refineries have been finished in 20 years because the tree huggers won't let them be built” THAT IS BULL S**t!!!

The power of Big Oil could have overcome that lobby especially with the GOP in control of Congress and the White House!


“as for gas being used in the usa 33% of refined gas is imported because WE CANNOT REFINE ANY MORE BECOUSE WE ARE AT CAPACITY .”

That is why BIG OIL should have built more refineries!

How about this:



Reply By: COL Gene Posted: Wednesday, May 23, 2007



To add insult to injury, Bush and the GOP gave Big Oil $12 Billion in tax credits. WHY? They have more then sufficient profits without the tax credits to build refineries or drill for oil. The Tax Credits is like sending Food Stamps to Bill Gates! Because we are operating at an annual budget deficit that $12 Billion in tax credits to Big Oil was BORROWED and we are paying interest on that tax credit! Then we cut the tax rates for the wealthy investors that own the oil company stock and we also borrowed the tax cuts to the wealthy in our country. EVERYTHING is WRONG with this picture!!!!!


Reply #130 Top
That is why BIG OIL should have built more refineries!


You moron....you NEVER read what is given as information. Not unless it fits into your fantasy world. First the refineries are running at 98% of capacity. You want them to build more refineries tell CONGRESS to loosen the restrictions so they can build more!
Reply #131 Top
here is a quote from a liberal who is quoting a liberal newspaper in the oil industry but if you read carefully he/she first names one paper and then says he/she is quoting another mag which is a liberal paper


Why No New US Oil Refineries in 29 Years?
By toppa | bio
Congress is already gearing up to loosen environmental regulations and "streamline" the approval process (i.e. block objections from local communities) for the construction of new refineries:

"Congress got an earful from industry officials who argued for tax breaks to bolster capacity and complained that environmental regulations and 'not in my backyard' citizen movements had blocked efforts to build new refineries...Both parties are weighing measures to loosen environmental and permitting constraints for refineries."

As the saying goes, don't believe the hype. It turns out that environmental regulations and NIMBY-ism never came into play, because until now the industry hasn't been particularly interested in building new refineries:

"'Oil companies want to make money with refineries, and they did not want to get excess capacity by over-investing,' says Lehi German, president of Fundamental Petroleum Trends, a weekly newsletter. Oil companies felt that if America suddenly needed more gasoline or diesel fuel, 'then import it.'"


So the industry has placed profits ahead of investing in refining capacity, and - with the exception of this Christian Science Monitor article I quoted - the media seems content to go along with them pining the whole thing on environmentalists.


so the guy/gal in one paragraph forgot who he was quoting

Reply #132 Top
Sure, I can buy a mac. And you can buy a bicycle. You realize the difficulty in creating a mainstream operating system right now without infringing on an MS intellectual property?

Oddly... you aren't concerned with that, though. You realize that every business you come into contact with in some way or another absorbs the cost of a Microsoft "monopoly", right? How about your cable company, or your electric company?

My natural gas bill is outrageous. I can move to 100% electric, but then I am just moving from one non-choice to another. Where do you get this idea that we live in a world that REQUIRES competition?

If you don't like how they do business, buy a bike, or admit that the price point of your pet peeve product is actually low enough that you will tolerate their status as gatekeepers.
Reply #133 Top
reminder

the democrats have yelling for higher gas prices since the 70's

but they wanted to hit 5.00 a gallon on taxes

so the only reason they are throwing a fit is that they are not the ones controlling the money

and this goes for dictator col. gene

Reply #134 Top
Reply By: danielost Posted: Wednesday, May 23, 2007
reminder

the democrats have yelling for higher gas prices since the 70's

but they wanted to hit 5.00 a gallon on taxes

so the only reason they are throwing a fit is that they are not the ones controlling the money

and this goes for dictator col. gene


THAT IS BS. The Democrats do not want $5 gas. Now Congress wants to act and Bush has again threatened his Veto. Keep it up Republicans. November 2008 is coming and the American People will vote. It is clear that the Democrats can not make the changes that people want because of Bush and the GOP members of Congress. That will change in January 2009.
Yesterday the registration numbers were released. The independents are 43 % of registered voters. Democrats about 33% and the GOP 24%. This adds more poof to my statement that the VAST majority of Americans are NOT CONSERVATIVES and there is NO reason we should have Congress, The White House or the Courts dominated by Conservatives!
Reply #135 Top
This adds more poof to my statement that the VAST majority of Americans are NOT CONSERVATIVES and there is NO reason we should have Congress, The White House or the Courts dominated by Conservatives!


Do you even understand politics at all, seriously?

Congress and the White House are "dominated" by conservatives because they were voted there.  I see you don't have this problem with liberals, because what you are hoping is full control by the democrats.  Once again contradicting yourself that government should be "balanced". 

Democrats want to act.....what a joke.


Reply #136 Top
“Congress and the White House are "dominated" by conservatives because they were voted there.”

In 2006 the country voted for democrats in case you did not notice the shift. However, because Bush continues to stick to policies the majority does not support with his Veto, the WILL of the PEOPLE is not being followed. That will change after November 2008. Some say the Democrats are not doing what the vote in November 2006 indicated the majority want. The fact is they do not have enough votes as long as Bush remains in power!

My point is correct, less then ¼ of registered voters are Republicans and not all Republicans are conservatives. I am an example of that! Time to move toward the center with our policies and Judges!
Reply #137 Top
In 2006 the country voted for democrats in case you did not notice the shift. However, because Bush continues to stick to policies the majority does not support with his Veto, the WILL of the PEOPLE is not being followed. That will change after November 2008. Some say the Democrats are not doing what the vote in November 2006 indicated the majority want. The fact is they do not have enough votes as long as Bush remains in power!


Will you stop with this "will of the people" BS.  You seriously have no understanding of the government.

But I see you didn't anwer my post.  If you want balance, then why are hoping for a complete democratic takeover?


My point is correct, less then ¼ of registered voters are Republicans and not all Republicans are conservatives. I am an example of that! Time to move toward the center with our policies and Judges!


You are neither a republican or conservative, and where are you getting your numbers from as you are known to skew them.  Once again, where is your opinions on the far-left that you are so aligned with?  LOL.  I laugh everytime you call yourself a republican.




Reply #138 Top
Will you stop with this "will of the people" BS. You seriously have no understanding of the government.

YOU ARE THE ONE THAT DOES NOT UNDERSTAND that in a democracy the will of the MAJORITY governs!


You are neither a republican or conservative, and where are you getting your numbers from as you are known to skew them. Once again, where is your opinions on the far-left that you are so aligned with? . I laugh every time you call yourself a republican.

You are truly DUMB. The data was on CNN last night. It was also reported several weeks ago that independents had more registered voters then EITHER Democrats or Republicans.

DO NOT tell me what I am-- I am a MODERATE REPUBLICAN that supports a balanced Budget, NO Nation Building. Marriage between a man and women and reducing abortions. I believe the promises we have made for programs like Social Security, Medicare and help to those that need help must be paid for even if that means increasing tax rates on those that can afford to pay more.
Reply #139 Top
YOU ARE THE ONE THAT DOES NOT UNDERSTAND that in a democracy the will of the MAJORITY governs!


What is the "will of the majority"?  Where are you facts to back it up from?  Once again you provide nothing of substance.



You are truly DUMB. The data was on CNN last night. It was also reported several weeks ago that independents had more registered voters then EITHER Democrats or Republicans.


I love how you result to insults.  I don't watch CNN, and I don't trust any "facts" you present as I have caught you several times in the past manipulating and lying about "data".  So once again, where is your numbers?



DO NOT tell me what I am-- I am a MODERATE REPUBLICAN that supports a balanced Budget, NO Nation Building. Marriage between a man and women and reducing abortions. I believe the promises we have made for programs like Social Security, Medicare and help to those that need help must be paid for even if that means increasing tax rates on those that can afford to pay more.


Sure col.  Then I am a moderate democrat.


Reply #140 Top
"You are truly DUMB. The data was on CNN last night. It was also reported several weeks ago that independents had more registered voters then EITHER Democrats or Republicans"


I remember reading about how the occurrence of the name "Adolf" spiraled to almost nothing after WW2. I'm betting it had little to do with the Nazi Party's economic policies.
Reply #141 Top
DO NOT tell me what I am-- I am a MODERATE REPUBLICAN that supports a balanced Budget, NO Nation Building. Marriage between a man and women and reducing abortions. I believe the promises we have made for programs like Social Security, Medicare and help to those that need help must be paid for even if that means increasing tax rates on those that can afford to pay more.


that's their game...throw mud at whomever steps out of line. squash anyone who tries to think things differently. stomp on any attempt at any honest debate or discussion and use the "L" word early and often and try to turn everything into a con vs lib mudthrowing session.

unfortunately, that's all they have left.

and unfortunately for them. and the democrats, if they don't get their act together pronto, the real majority in this country is the independents.

but if they want to continue shooting themselves in the face (cause dick cheney had "other priorities" that day) and insult everyone who isn't a bush loyalist neoconservative...it's fine by me.




that tact only helps the anti war movement.

as saint bonaventure said..."An example of the Monkey: The higher it climbs, the more you see of it's behind." -Saint Bonaventure

how sad for the lil neocon monkeys.
Reply #142 Top
What is the "will of the majority"? Where are you facts to back it up from? Once again you provide nothing of substance.


With an approval of 30% Bush does NOT have support for his policies which are the same as the GOP in Congress.


I love how you result to insults. I don't watch CNN, and I don't trust any "facts" you present as I have caught you several times in the past manipulating and lying about "data". So once again, where is your numbers?

EVERY News program including FOX has reported the SAME death and injuries. It is your stupid posts that make you an IDIOT!


DO NOT tell me what I am-- I am a MODERATE REPUBLICAN that supports a balanced Budget, NO Nation Building. Marriage between a man and women and reducing abortions. I believe the promises we have made for programs like Social Security, Medicare and help to those that need help must be paid for even if that means increasing tax rates on those that can afford to pay more.


If you claim my views above are liberal you have no idea what liberal is


“I remember reading about how the occurrence of the name "Adolf" spiraled to almost nothing after WW2. I'm betting it had little to do with the Nazi Party's economic policies.”


WHAT the Hell does that have to do with the registration results that show the GOP has about 1/4 of registered voters?
Reply #143 Top
that's their game...throw mud at whomever steps out of line.


It seems to me only yourself and col are the ones throwing mud and insults here.  It's hillarious how you are going around calling everyone who disagrees with you a "neocon", but here i find you complaing about someone else doing it.  LOL.



With an approval of 30% Bush does NOT have support for his policies which are the same as the GOP in Congress.


What is the approval number of the democrat controlled Congress col?



WHAT the Hell does that have to do with the registration results that show the GOP has about 1/4 of registered voters?


I ask for the thrid time, where are these numbers?

 
Reply #144 Top
What is the approval number of the democrat controlled Congress col? The latest poll had the democrats at about 27% and the GOP at 23% with bush at 30%

Bush is where NIXON WAS AFTER WATERGATE and Cheney is lower then Spiro Agnew when he resigned in disgrace.


The VOTERS of this country really screwed up in 2004 when they elected Bush with 52%.
Reply #145 Top
you are going around calling everyone who disagrees with you a "neocon",


because on this issue, if you support this war, you are one. or part of the religious right (but they are splitting now). real conservatives, even the ones who fell for it as 1st, don't support the continuation of this policy.

I ask for the thrid time, where are these numbers?


well, his numbers aren't perfect. but they are within anyones "margin of error...

April 13, 2007: Independents' Day on Gallup

The latest Gallup Poll shows 33% of Americans identify as Democrats, 28% as Republicans and 37.5% as Independents. The way things are going nowadays - look for that last number to grow.

Reply #146 Top
The way things are going nowadays - look for that last number to grow.

I Agree!!!
Reply #147 Top
Will you stop with this "will of the people" BS. You seriously have no understanding of the government.

YOU ARE THE ONE THAT DOES NOT UNDERSTAND that in a democracy the will of the MAJORITY governs!


That is correct! Which is "why" Bush got a second term!


What is the approval number of the democrat controlled Congress col? The latest poll had the democrats at about 27% and the GOP at 23% with bush at 30%


Hey col why don't you try the correct numbers. GW's approval rating is 33% not 30%


The VOTERS of this country really screwed up in 2004 when they elected Bush with 52%.


That is your opinion however....it was the WILL OF THE MAJORITY!
Reply #148 Top
because on this issue, if you support this war, you are one. or part of the religious right (but they are splitting now). real conservatives, even the ones who fell for it as 1st, don't support the continuation of this policy.


Only according to you.  You seem to talk a lot about "neocons" and conservatives, but I don't think you know much about them except from what Keith tells you.  LOL.


April 13, 2007: Independents' Day on Gallup


Ah, I gallup poll.  Col seemed to press that this was some kind of "official" number. 






Reply #149 Top
Hey col why don't you try the correct numbers. GW's approval rating is 33% not 30%
That depends on the POLL In any event that is LAME!
Reply #150 Top
That is your opinion however....it was the WILL OF THE MAJORITY! In November 2004 not May 2007!!!!!!!