Posted on 05/13/2011 8:50:52 AM PDT by Kaslin
It may well be good to apply across the entire economy, but the laser beam is on gas prices right now. Use the Left’s mantra against them, “Don’t let a crisis go unused.”
IMO, our energy future is to become isolationists and develop any and all resources and mandate that they be confined to the US economy, unless a huge tariff is applied to exports.
When Chukie “slime” Schumer was asking to select between student loans and the oil industry. The executive should have made reference to the very real jobs of the oil industry PAY BACK AND PAY FOR those student loans.
It also does not help when democrats support unemployment and prevent paying back those non-dischargable student loans.
Yes...the oil fairy delivers it...all we have to do is drill it and it replenishes overnight.
I don't agree with this concept. In the next decade or so, we will be a net exporter of Natural Gas (in my opinion). Trying to reduce that export only hurts us for jobs and trade balance.
obama will declare a gas tax holiday for 5 weeks. Starting Oct 1, 2012.
That's always been the sit..
Dispose of that broomstick up our collective a$$hat Mr. & Mrs. Scarecrow and jobs & oil will flow here like mothers milk.
IMHO...
Increases in the market price of crude oil are the symptom of the problem that previously 3rd-world nations, i.e., India, China, etc., are dramatically increasing their consumption as they move towards the western lifestyle which is so emphatically deplored publicly by the left wing.
If we (the U.S.) use more of our own domestically produced oil, that will only moderately decrease the market price of crude.
Every time we walk away from a foreign well, the new “Eastern-bloc”, i.e., enemies of America, proceed to commandeer the well and add it to their source of supply.
So far, enemies of America show only signs of increasing their per capita use of crude oil; there is no sign that they plan on decreasing.
As crude oil is very important to economic prosperity and military capability, it is strategically wise to garner as much of the world’s supply as possible at a low a cost as possible.
Bottom line, commodity prices that we experience are the symptom - the disease is a relative decrease between the rate of U.S. wealth gains versus foreign nations. The main stumbling block which is lowering our rate of wealth increase is our decreasing morality amongst the general public. The President, as all Democrats, was elected largely by the Democratic party voting base. And the core of that voting base is far-left, i.e., communist (notice the che guivera t-shirts on young people), anti-Christian, and deviant in it’s thoughts. “Blue-dog” Democrats are simply clinging to their party solely because of it’s name and heritage of being the party of their ancestors. That one can be a Christian or Jew and vote Democrat defies common sense given the platform planks of Robinhood, i.e., lying, government, institutionalized promotion of sexual deviance and excuses and acceptance of drug abuse, just to name three planks completely antithetical to both the Old and New Testaments. The rampant upswing of immoral thoughts and actions has seeped into schools, entertainment, and news, and government and business management as well. This produces a hollow leadership and vision that finds it impossible to do what is right for the nation but instead constantly makes a circus of politics, government handouts and movement of capital to foreign nations. These situations have been the end of every great empire, from Rome to Great Britain.
We can not and should not rely our government to maintain a wall of separation for domestic capital and labor. Our business leadership must, in the end, realize their responsibility towards the nation in which they do business and think in the long-term. Accordingly, the nation will prosper in spite of the necessary evil of having a government, and the citizens will continue to vote out elected representatives until they realize that the only real purpose they should fulfill is the military defense of the nation.
OK, so we export it. Tax the hell out of it. Jobs and the economy are not getting better with this model. Break it. Why be manipulated by foreign interest.
The trade balance is caused by buying foreign oil. Just stop it.
Putting a huge tarrif on it means the work goes somewhere else. We are not the only ones with Shale Gas, we just started developing our first. Already this is being developed in other countries. Why make us noncompetitive and send the jobs elsewhere.
The trade balance is caused by buying foreign oil. Just stop it.
Easier said than done. Are you just going to quit driving to work and the grocery store?
And then immediately declare a per mile use fee that dwarfs the gas tax...
Tax the purchaser and they'll buy it cheaper somewhere else. We are already taxing the oil companies.
I agree, we do need to be using our own oil.
My link does say it is the largest company by market value. You are right. I should have at least included that qualifier. Considering how business stories are handled outside the WSJ, the qualified statement is also probably suspect.
The issue seems to be the difference between the check they actually wrote to the feds and the elegance of accrual accounting required by FASB’s. I doubt few could read the cash flow statement, and it would not have helped the Times anyway to acquire that skill.
“The ‘tax benefit’ reported in our financial statements was the “U.S. current tax provision on continuing operations” which is a book accounting concept and is not the same as our cash tax liability or cash tax payments. There was a benefit in our current tax provision because we didn't’t end up owing taxes we had accrued in prior years. This tax benefit resulted from reversing the taxes we had accrued in prior years, but much of this benefit was offset by increases in our tax liability for future years.
As I read this thread, I realize that I am not well versed on this topic as most of the posters here.
It just seems to me that we are going to have to drill at some point. Zero encourages drilling by the people of Brazil. He states the we will be their 'best customer'. I have also heard (could be wrong) that our strategic reserve is only one year. It doesn't seem enough.
Keep in mind the Strategic Petroleum Reserve (SPR) doesn't have to replace all our oil supplies at the same time. War between Saudi Arabia and Iran might shut down the entire Persian Gulf, but it won't shut down Texas, Canada, Brazil, Nigeria or others.
The SPR holds 726 million barrels. Depending on what source we have to replace, depends on how much time it lasts. However, it cannot be less than 165 days because the maximum withdraw rate is 4.4 million barrels per day.
I guess this is REALLY bad news to the ETHANOL 'industry'!
Most folks think that businesses pay taxes.
They don't.
It is just another cost of doing business that is ADDED into the PRICE of their product.
The CUSTOMERS (you and me) 'pay' the taxes: the business merely COLLECTS them for the gummint.
You REALLY mean 2011...
Apr 21, 2011 ... The ethanol subsidy currently costs US taxpayers $6 billion annually
http://bioenergy.checkbiotech.org/news/bill_introduced_eliminate_ethanol_subsidy
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