Posted on 10/28/2005 3:21:21 PM PDT by Crackingham
This guy has a point. The oil companies don't know what to do with all those profits. They'd just use it the way they see fit - to make even more money. How obscene. The money would be far better in the government's hands. /sarcasm
Who elects these dingbats?
The "greedy" oil companies will just shrug their shoulders and pass the costs back onto consumers.
Higher-than-usual profits is what encourages investors to provide capital to expand the industry, creating greater supply and thus lowering prices. I wish people would stop trying to break the free market anytime they don't understand how it's working with a glance.
It was $800,000+, but yeah, why doesn't he donate his winnings to Joe Kennedy and his heating oil "charity" so the Kennedys can skim the profits?
(I'm in New Hampshire and voted for this turkey. He will hear from me.)
It's time for Judd Gregg to be ridden out on a rail.
Just what in the h*ll is an "excess profit"? Does the government now decide how much profit my company is allowed to make?
-PJ
More reason why the RNC gets no more of my money. This clown wants a tax to get it anyway!
You're thinking of Republicans from 30s years ago.
It was $850K he won. Good for him.. Everyone plays it, or bitches about it.. He can take that money and buy food and staples but he won't do it. He doesn't have to. He's one of the many few that can afford to do without. Screw him and all that look like him.. Vote these bastards out of office--nationwide!
Disagree with him on this issue if you want, but Gregg is a good conservative, and is certainly no RINO.
I'm sceptical, but freepers do need to stop treating oil like it's a free market enterprise. It's not, and some regulation is probably wise at certain times.
Oh that's good! Shouldn't a republic have prevented the mob from milking future generations for its pillaging of the nation's finances? What went wrong?
Great idea for '06 from the Republicans. We NEED big long gas lines and every stockholder in the country to realize that next these bozos will be taxing away the profit they earned from the stocks they hold if they turn an unseemly profit (like .10 on the dollar!) This is a surefire way to lose even more seats in '06. Maybe the Democrats will run them all since who will be able to tell the difference between R's and D's? Oh, I know - the Democrats will be the ones screaming that the other party not only wants to raise your taxes, but has, AND has created the gas lines, short supply, etc. And they won't even have to lie for the first time ever!!!!!
Go ahead. They will just leave like they did with the 79 windfall profits tax. We are the worlds largest consumer of oil. 20 million barrels a day. However the rest of the world needs 65 million barrels a day. They will just sell it elsewhere and move their headquarters out of the US. They have already started building the refineries out of the country and started importing gasoline. 10% is now imported.
If I were you, I would not bet on that.
No it is not. Gas at a high price is better than no gas at a low price. The markets worked. What needs regulating are the organizations and people that block oil projects.
"Some might call this a novel approach for me, but I cannot sit back in good conscience while those in our society struggling to heat their homes are being left in the cold by oil companies," he said.
Dear Mr. "Numb Noggin" Gregg who do you think will ultimately pay this penalty, the "tooth fairy"?
The oil compaines are on the verge of killing the golden goose.
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