Posted on 08/22/2005 11:07:12 AM PDT by moose2004
Gas Prices Are Too High, And Home Heating Oil Is Next.
Sounds like a Bill & Hillary/communist plan. Thank God they didn't succeed in taking control of health care.
Shishi qiu shi : Seek truth from facts
We're lacking both!
Already tried and done that in the 70s under Carter. Look, conservation doesn't work, and besides, it's already built in the free market. If your car runs out of gas on the side of a highway, are you gonna "conserve" your way out of the situation?
What we need is more production, build, drill, and roll back regulations.
That still does not answer the question, why is that a person like you in the midst of capitalism be looking to the government rather than the market to regulate business?
and I don't take people like you seriously.
You are free to do so, of course.
the only government intervention we need is the government disinvolving themselves in every aspect of life
the only government intervention we need is the government disinvolving themselves in every aspect of life
It will never happen! In 1913 the Gov. started the Federal Income Tax to support the war effort. Did they ever reduce, delay, withdraw, or rescind that costly law?
That would definitely hurt the economy.
BUT before that would happen the demand would slow down because we would find inovative other ways to get around. The market will determine the price.
Maybe we should be doing some drilling too right?
Meaning that their profit went from about one cent to 1.3 cents per gallon. Big, hairy deal!
"Big Oil and its obscene profits" are the smallest part of the rising cost of gasoline.
You're probably right, but maybe we'll get lucky. Bill Clinton raised the federal gas tax $.043 cents per gallon in 1993 as part of his wave of tax increases, and because of that we now pay a whopping $.184 cents per gallon in federal tax. Worse, that number does not include any State taxes.
http://news.yahoo.com/news?tmpl=story&u=/cpress/20050822/ca_pr_on_bu/petrokazakhstan_sale_4
You are 100% correct.
It's unreal.
Some see this as a simple company-to-company transaction with income statement motivation behind it when nothing could be further from the truth.
What this article does not tell the reader is the Petrochina's parent, China National Petroleum, is majority owned by the PRC.
Just like the CNOOC attempt at Unocal, China is on the hunt for oil and energy and Beijing is using these partially privatized companies as the gophers for these acquisitions.
The more they get, the more they will use.
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