Oil companies are making record profits and everyone else is losing money

[TurdFergeson]

it's just not fun.

I bet. Having your simplistic slogans and ideas dashed by logic is never fun.

 

[Redatlit]

I bet. Having your simplistic slogans and ideas dashed by logic is never fun.

Yeah..... you're scary dumb.

 

[TurdFergeson]

Yeah..... you're scary dumb.

And you won't answer a simple question that a kindergartner could.

ARE ALL THESE TAXES NECESSARY? OR NOT, and WHY?

 

[Redatlit]

And you won't answer a simple question that a kindergartner could.

ARE ALL THESE TAXES NECESSARY? OR NOT, and WHY?

I'm going to try one last time with you. The government collects taxes from the oil industry. The government collects excise taxes from the people when they buy gas. Those taxes are revenues. Taxes are the governments paycheck. You can't use the cost of road maintenance in my discussion of the government "profiting" off the price of gas/oil because the revenue was all derived from the oil industry. How the collected tax money is spent afterwards is not a cost against those revenues. Therefore, it is irrelevant to the discussion whether or not the tax money collected is used to fund projects deemed necessary.

 

[TurdFergeson]

I'm going to try one last time with you. The government collects taxes from the oil industry. The government collects excise taxes from the people when they buy gas. Those taxes are revenues. Taxes are the governments paycheck. You can't use the cost of road maintenance in my discussion of the government "profiting" off the price of gas/oil because the revenue was all derived from the oil industry. How the collected tax money is spent afterwards is not a cost against those revenues. Therefore, it is irrelevant to the discussion whether or not the tax money collected is used to fund projects deemed necessary.

The oil industry is more heavily taxed and regulated than other industries?

They pay the same corporate tax as any corporations.

Boo hoo.

You specifically said:

It's fair for the government to make more money off a product a company produces than the company itself makes?

Now you're just backtracking away from that statement.

 

[Redatlit]

The oil industry is more heavily taxed and regulated than other industries?

They pay the same corporate tax as any corporations.

Boo hoo.

You specifically said:



Now you're just backtracking away from that statement.

Another post from you that makes zero sense as a reply to what I wrote. I was not backtracking away from anything. I was trying to get you to understand the concept of taxes as revenue.

You also apparently failed to read the article I posted earlier.

I tried, but you are just too dumb for me to bother with any longer.

 

[Le Jacquelope]

No, I just want her to more clearly define her position.

That's her problem. She doesn't have a position. She's like an aircraft with the rudders blown off. Her middle name is tailspin. Emphasis on spin.

Yes, taxes are a huge (if not the main reason) for high gas prices.

But the question is: are they necessary?

Are we really building "bridges to nowhere", or in reality is pigeon poop making our current ones collapse?

It's the overwhelming weight of the sheer stupidity of people like redatlit and Ham Murabi as they walk over them.

 

[TurdFergeson]

Another post from you that makes zero sense as a reply to what I wrote. I was not backtracking away from anything. I was trying to get you to understand the concept of taxes as revenue.

You also apparently failed to read the article I posted earlier.

I tried, but you are just too dumb for me to bother with any longer.

More deflection. All taxes are revenue. Whether corporate profit tax or sales tax at the pump.

What exactly is the type of tax you referred to with this comment?

"It's fair for the government to make more money off a product a company produces than the company itself makes?"

 

[TurdFergeson]

That's her problem. She doesn't have a position. She's like an aircraft with the rudders blown off. Her middle name is tailspin. Emphasis on spin.


It's the overwhelming weight of the sheer stupidity of people like redatlit and Ham Murabi as they walk over them.

I'm calling her "redalert" from now on.

RED ALERT!!! LOGIC ATTACK FROM ALL ANGLES!

POWER UP DEFLECTORS AND INSULT BEAMS!

 

[unregistered]

 

[Powertone]

On the brighter side, Dingle wants to raise the fed tax by 50 cents a gallon.

...just thought I'd add the all important political affiliation to Dingy that you forgot...DEMOCRAT.

 

[Redatlit]

That's her problem. She doesn't have a position. She's like an aircraft with the rudders blown off. Her middle name is tailspin. Emphasis on spin.


It's the overwhelming weight of the sheer stupidity of people like redatlit and Ham Murabi as they walk over them.

How would you know my position since you have me on ignore, asshole? I'm on ignore for one reason only, you can't best me. That's how LaJackass deals with strong women. You attract the silly simple twits you consider "the typical woman" for a reason.

 

[Redatlit]

More deflection. All taxes are revenue. Whether corporate profit tax or sales tax at the pump.

What exactly is the type of tax you referred to with this comment?

Way too dumb for me. Sorry babe helping you understand simple concepts is too much work on a porn site.

 

[PeterHenson]

Believe it or not but some of the price hike has to do with the use of alternative energy and fuels. They know that in the next 10 years more people will have the means to travel greater distance with less fuel. The oil rich Countries know they will not have as much power as they once did.

They will still be powerful and the need for oil will still be there but it will be there, but not as great.

Overall the price hikes have to do with greed. They know people will pay and every reason they have to raise the price they will. If the Government really wanted to boost the economy and help us out they would lower the taxes on gas and regulate the pricing a bit more. It makes no since that there can be a 30 cent variation in the price per gallon in a 10 mile radius. I understand there are cost involved in shipping the fuel, but it is not enough to justify such a variance in such a short distance between gas stations. It is simply price gouging.

 

[Legenda]

The best part of a La Jerk thread is when La Turd comes in and the two La Fools slap each other on the back and tell each other how smart they are.

 

[Redatlit]

On the brighter side, Dingle wants to raise the fed tax by 50 cents a gallon.

...just thought I'd add the all important political affiliation to Dingy that you forgot...DEMOCRAT.

Dingell is in a tough spot. He represents southeast Michigan and he's proposing the carbon tax in order to appease those who want him to be tougher on climate change issues. He's trying to stave off an increase in cafe standards with a carbon tax on gas.

 

[Saint Boner]

There is plenty of oil right Now. Americans are being ripped off because of not enough oil refineries. Big Oil knows tight supply=high prices and that is the bottom line of the problem. American oil companies should be Nationalized and more refineries built.

China is building refineries in Iran and Syria, places we do not get oil from to begin with so China's energy growth hurting us is BS.

What good are vast reserves if there are no new refineries.

http://img.photobucket.com/albums/v460/xonvaldez/OIL.jpg

 

[jhuson]

There is plenty of oil right Now. Americans are being ripped off because of not enough oil refineries. Big Oil knows tight supply=high prices and that is the bottom line of the problem. American oil companies should be Nationalized and more refineries built.

China is building refineries in Iran and Syria, places we do not get oil from to begin with so China's energy growth hurting us is BS.

What good are vast reserves if there are no new refineries.

http://img.photobucket.com/albums/v460/xonvaldez/OIL.jpg

Why are there no new refineries?

The oil companies only have themselves to blame for this.

I posted this earlier but it bears repeating:

Myth 1: Oil refineries are not being built in the U.S. because environmental regulations, particularly the Clean Air Act, are so bureaucratic and burdensome that refiners cannot get permits.

Fact: In the U.S. From 1975 to 2000, the U.S. Environmental Protection Agency (EPA) received only one permit request for a new refinery. Meanwhile, oil companies regularly apply for – and receive – permits to modify and expand their existing refineries. This is from the Committee on Government Reform Hearing, “Potential Energy Crisis in the Winter of 2000” 106th Congress, (Sept. 20-21, 2000).

Myth 2: The U.S. oil refinery market is competitive.

Fact: Actually, industry consolidation is limiting competition in oil refining sector. The largest five oil refiners in the United States (ExxonMobil, ConocoPhillips, BP, Valero and Royal Dutch Shell) now control over half (52.2%) of domestic refinery capacity. Ten years ago, these top five oil companies only controlled about one-third (34.5%) of domestic refinery capacity. This makes it easier for oil companies to manipulate gasoline supplies by intentionally withholding supplies in order to drive up prices. The U.S. Federal Trade Commission (FTC) concluded in March 2001 that oil companies had intentionally withheld supplies of gasoline from the market to drive up prices. These actions, while costing consumers billions of dollars in overcharges, were not challenged by the U.S. government.

Myth 3: The United States has maxed out its oil refining capability.

Fact: Oil companies have exploited their strong market position to intentionally restrict refining capacity by driving smaller, independent refiners out of business. A congressional investigation uncovered internal memos written by the major oil companies operating in the U.S. discussing their successful strategies to maximize profits by forcing independent refineries out of business, resulting in tighter refinery capacity. From 1995-2002, 97% of the more than 920,000 barrels of oil per day of capacity that have been shut down were owned and operated by smaller, independent refiners.

 

[miles]

There is plenty of oil right Now. Americans are being ripped off because of not enough oil refineries. Big Oil knows tight supply=high prices and that is the bottom line of the problem. American oil companies should be Nationalized and more refineries built.
http://img.photobucket.com/albums/v460/xonvaldez/OIL.jpg

Nationalize the oil companies....fucking brilliant.

Google "no new oil refineries."

Report back to us, then go back in your hole.

 

[miles]

Why are there no new refineries?

The oil companies only have themselves to blame for this.

I posted this earlier but it bears repeating:

Myth 1: Oil refineries are not being built in the U.S. because environmental regulations, particularly the Clean Air Act, are so bureaucratic and burdensome that refiners cannot get permits.

Fact: In the U.S. From 1975 to 2000, the U.S. Environmental Protection Agency (EPA) received only one permit request for a new refinery. Meanwhile, oil companies regularly apply for – and receive – permits to modify and expand their existing refineries. This is from the Committee on Government Reform Hearing, “Potential Energy Crisis in the Winter of 2000” 106th Congress, (Sept. 20-21, 2000).

Myth 2: The U.S. oil refinery market is competitive.

Fact: Actually, industry consolidation is limiting competition in oil refining sector. The largest five oil refiners in the United States (ExxonMobil, ConocoPhillips, BP, Valero and Royal Dutch Shell) now control over half (52.2%) of domestic refinery capacity. Ten years ago, these top five oil companies only controlled about one-third (34.5%) of domestic refinery capacity. This makes it easier for oil companies to manipulate gasoline supplies by intentionally withholding supplies in order to drive up prices. The U.S. Federal Trade Commission (FTC) concluded in March 2001 that oil companies had intentionally withheld supplies of gasoline from the market to drive up prices. These actions, while costing consumers billions of dollars in overcharges, were not challenged by the U.S. government.

Myth 3: The United States has maxed out its oil refining capability.

Fact: Oil companies have exploited their strong market position to intentionally restrict refining capacity by driving smaller, independent refiners out of business. A congressional investigation uncovered internal memos written by the major oil companies operating in the U.S. discussing their successful strategies to maximize profits by forcing independent refineries out of business, resulting in tighter refinery capacity. From 1995-2002, 97% of the more than 920,000 barrels of oil per day of capacity that have been shut down were owned and operated by smaller, independent refiners.


Jesus. I can't believe the incredible ignorance in this thread.

 

[unregistered]

 

[Sean]

Amazing isn't it?

Did you actually read that?

 

[Drixxx]

Exxon pays more in taxes than the total of 50% of the American people:


According to IRS data for 2004, the most recent year available:

Total number of tax returns: 130 million

Number of Tax Returns for the Bottom 50%: 65 million

Adjusted Gross Income for the Bottom 50%: $922 billion

Total Income Tax Paid by the Bottom 50%: $27.4 billion

Conclusion: In other words, just one corporation (Exxon Mobil) pays as much in taxes ($27 billion) annually as the entire bottom 50% of individual taxpayers, which is 65,000,000 people! Further, the tax rate for the bottom 50% is only 3% of adjusted gross income ($27.4 billion / $922 billion), and the tax rate for Exxon was 41% in 2006 ($67.4 billion in taxable income, $27.9 billion in taxes).

http://seekingalpha.com/article/63131-exxon-s-2007-tax-bill-30-billion

No one, and I mean no one, should have to give the fucking government 27 billion to bring to us what we want. Think about it, it's a protection racket.

Last time I checked Exxon consumes vast amount of government services and they should pay for them. I can't believe how corporations convinced working people that they are the victims while making billions of dollars and that we should feel sorry for them.

Right wingers love to point out all the government services poor people consume that rich people don't while completely ignoring all the resources corporations consume that poor people don't.

 

[Xelebes]

That takes decades. And it does not bolster Ham fist's comment that you willingly use gasoline.

The term here is 'lack of an alternative'.

If you are forced to choose between hell and high water and you choose high water, that's not a path willingly chosen.

It doesn't take decades. If the transportation costs are too high, you'll find anything to make work closer to you or you closer to your work. If not, you're not going to have work. Simple as that.

 

[unregistered]