Posted on 08/25/2008 1:40:29 PM PDT by Sub-Driver
Pelosi: Oil companies should pay royalties By Mike Soraghan Posted: 08/25/08 03:08 PM [ET]
DENVER — House Speaker Nancy Pelosi indicated Monday that, if oil companies want to drill offshore, they should not bank on California’s coast and they'd better expect to pay more for the taxpayer-owned crude they do get.
“You want to talk about drilling offshore? Let’s talk about profits made by the oil companies without paying royalties,” Pelosi said Monday morning before members of the California delegation to the Democratic National Convention. “They’re taking your oil without paying any royalties.”
Pelosi and other Democratic House leaders are to announce their “comprehensive strategy for American energy independence” at a news conference later Monday in Denver.
(Excerpt) Read more at thehill.com ...
Farmers are using my dirt without paying me a royalty also.
Ex prez of Shell Oil on Glenn Beck said that the US has the lowest royalties and that a better approach would be to remove taxes and increase the royalties.
Speaking of that, I think that Nancy owes me some air royalties for breathing some of mine.
Nine percent Nancy hyping hate for ‘Big Oil’....
George Lakoff (rhymes with...) is calling for ‘cap and dividend’.
The dems propose to ‘auction off’ the right to sell oil in the US (hoping to raise $150B+) and distribute it directly to US citizens at around $1000 per household.
Who do you think would go to the polls and vote themselves $1000?
What oil company in their right mind would do business in the US with these nuts?
Nationalization, here we come!
If only we could get royalties on “Dumb”....because Pelosi’s using way, way, way more than her “fair share”.
The object is to reduce costs, not figure out a way to change them. American oil companies get 11 Billion, foreign companies got 700,000 Billion.
So...is Nazi Nancy going to mail a check to every American for their ‘royalities’ or is she just going to take it for us and invest it in Democrat coffers?
LOL
Oil companies pay over 18% royalties to the government. They only clear 9% in profits.
My partners and I are paying 1/4 royalties on the federal land we are drilling up.
Same as private land.
She’s an idiot.
Madam speaker... #@!% You!!
Same as private land.
Private land? Where have you been? There is no such thing, according to Nancy, as private property! All properties belong to the government and they decide how much to allow you to use!
Sound familiar?
I can’t decide whether Nancy (Stretch) Pelosi should pay stupidity royalties because she is using so much, or is it that she is emitting so much? Perhaps the Dems could begin a stupidity exchange, y’know, kind of like Al Gore’s Carbon Emporium. I think that’s an idea they would really go for.
She is prone to mis-statement, innaccuracy and hyperbole. Oil companies pay royalties on all federal and state leases. She wants to renegotiate them to demand higher royalties. She wants to reneg on the terms of existing leases (valid contracts between the government and oil companies, which were paid for handsomely) so that they will expire if not drilled sooner. Has anyone mentioned the billions of dollars put at risk by the oil companies and paid in taxes? These leases take time to test and develop and some (offshore and ANWR) have more merit than others. Ms. Pelosi is in the first stages of pulling a PUTIN on domestic producers.
If the drillers offered to every state an oil trust fund like Alaska’s - where a royalty check goes right to every resident rather than into the government rathole - states would be beating down their doors yelling “Drill here! Whaddaya waiting for???”
She needs to just shut up or fall in a well...
Or fall in a well THEN shut up so no one realizes she’s down there.
Just to show how stupid and idiotic this women is, a lot of countries do not ask for royalties on oil or gas that is produced.
They can make money in other ways, via bonuses or income taxes. They also produce many, many good paying jobs for their citizens.
And the oil is extracted without any risk to the host government as it is borne by the oil companies.
All of these apply to the US as well.
... nevermind....
Is there anything we can do about this woman?
Meaning they’re not paying her?
I hate the demagoguing about the oil companies by both the Democrats and McCain (in his recent ad). Oil companies perform a socially useful service incentivized by the profit motive. That’s how the market is supposed to work.
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