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Someone PLEASE buy Bill O'Reilly This Book!!

Posted on 11/08/2005 5:55:10 PM PST by Recovering_Democrat



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KEYWORDS: economics; oil; oreilly; sowell
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To: Always Right
Not to be too picky, but technically right now you could tax the oil companies and expect lower gas prices.

Basic economics says that the price of a commodity is not necessarily based on the cost of production but on supply and demand.

Since the oil companies are currently flush with cash, if demand for oil continues to decline, then prices would go down even if the oil companies were forced to pay some sort of windfall profits tax.

Of course I would rather the "windfall profits" go to "evil" oil execs who will spend it on a twentieth vacation home or a thirtieth Ferrari rather than on giving it to the feds where it will be squandered on "renewable" energy studies and general waste, fraud and abuse.

21 posted on 11/08/2005 6:14:41 PM PST by who_would_fardels_bear
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To: All

He's right when he says conservatives hate him as much as liberals do.

Personally, I like him to an extent, even if I don't agree with everything he says (Am I going to get flamed for that)?


22 posted on 11/08/2005 6:19:35 PM PST by pcottraux (It's pronounced "P. Coe-troe.")
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To: BW2221
I am to the right of Attila the Hun, but the mega-mergers in the oil industry have destroyed competition.

Baloney. There are thousands of oil companies in this country all competing to find oil and gas.

Granted, someone with no knowledge of the industry might think that there are only as many oil companies as they see in their neighborhood selling retail gasoline, but that's a conclusion based on incredibly faulty information.

The oil industry is all about cutthroat competition and it hasn't changed a bit.

23 posted on 11/08/2005 6:26:47 PM PST by Dog Gone
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To: Recovering_Democrat

When Ben Stein and Wayne Rogers agree on anything, you KNOW that O'Reilly is wrong.


24 posted on 11/08/2005 6:30:45 PM PST by Yo-Yo
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To: Recovering_Democrat

i dont watch o'reilly but i can imagine his ignorance on this issue. actually i got pissed off today because i heard hannity they are going to start congressional hearings on these "profits"? 9% for oil companies is a "profit"? now some republicans are telling these companies to give their "profits" to help pay the heating bills for the poor? even MO gov. matt blunt!

what is this, the U.S.S.A.?


25 posted on 11/08/2005 6:51:10 PM PST by Stellar Dendrite ( Mike Pence for President!!! http://acuf.org/issues/issue34/050415pol.asp)
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To: Yo-Yo

This is a truly ignorant question but was the Wayne Rogers BOR the same Wayne Rogers of M*A*S*H? Sheesh, O'Reilly needs to remember to quit digging when you get yourself into a hole. I was really interested in listening to Stein and Rogers but Bill kept talking over them.


26 posted on 11/08/2005 7:24:44 PM PST by kmiller1k (remain calm)
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To: Recovering_Democrat
What's everyone's obsession with Big Oil anyway? Hell, if it's Windfall Profits you're' hankering for, I did some ciphering on my own.
Let's see if I can break this down so even Bill can follow…
I can buy a 20 oz. squeeze bottle of HEINZ catsup for $2.95, kay?
Now then, follow me closely on this one…
there are 128 oz to a U.S. gallon, 'kay?
$2.95 ÷ 20 oz= .1475/oz, 'kay?
.1475 x 128= $18.88/gal

You just know it costs a lot less to make a gallon of catsup than it does to steal mineral rights, drill, ship, refine and then distribute gasoline right? IF Big Catsup isn't in a windfall profit sweet-spot folks, I'll eat my wieners without catsup for the rest of my life! Why not a WINDFALL PROFIT TAX on Big Catsup? Hell…just wait til I get to ciphering on the profit on Sauerkraut (Kimchi)!
27 posted on 11/08/2005 7:57:42 PM PST by dgallo51 (DEMAND IMMEDIATE, OPEN INVESTIGATIONS OF U.S. COMPLICITY IN RWANDAN GENOCIDE!)
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To: Recovering_Democrat

I can't wait until Ben Stein writes a column that politely, subtly rips O'Reilly to shreds, and dismantles his Nickelodeon-wishful-thinking-populist economics.


28 posted on 11/08/2005 10:13:54 PM PST by Choose Ye This Day ('Tis the part of the wise man to...not venture all his eggs in one basket. -- Cervantes)
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To: kmiller1k

Yes, the very same Wayne Rogers of M*A*S*H fame.


29 posted on 11/09/2005 7:28:51 AM PST by Yo-Yo
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To: Stellar Dendrite

The entire country seems to have been gobbled up by Maryland and California overnight.


30 posted on 11/09/2005 4:44:05 PM PST by Tolerance Sucks Rocks (Freedom of speech makes it easier to spot the idiots! --kellynla)
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