Posted on 08/11/2005 11:52:51 AM PDT by DownInFlames
He/she was probably educated by union teachers, works in a government union shop and reads the leftist Seattle MSM -- never learned to think and question independently.
BTW, as the price rises business is good for Halliburton and us -- we're going to have to hire more folks to service more of our contracts with them as more oil is being drilled in the US.
It is fascinating to watch doom approach. Sells papers.
Yeah giving tax breaks and bring down legal barriers to build more nuclear plants is a bad thing.
Sheesh go back to DU.
Good-looking horse. I have room on my lot for a horse. And a cart. Once the cars are off the roads it would be safe to go to town that way.
"Why does Drudge feel it necessary to front page every penny rise in oil?"
Cause he needs something besides his global warming stories.
Neither party is going to benefit from the high prices. It is due to too much government regulation, too many enviro wackos, no expansion for refining, no new drilling. Nothing has come out of DC in the last 30 years except converting O2 into CO2.
Mark my words, there will be civil unrest when gas hits $3.00/gallon nation wide. Just wait for the independent truckers to stop operating.
Yeah really less than 200,000 US troops are using just as much oil as 2.5 billion people in the fast growing economies of China and India.
We all know you tow the DU line on Iraq, looks like you are towing their moonbat theories also.
tightrope short squeeze, too many speculators figuring it had gone as high as it could & then having to cover themselves.
I take it you must be < 20 as anybody who lived through the 1970's know you ain't seen nothing yet ;)
$1.95 is the base price now. Taxes on top, and delivery, retail store maintenance.
Won't do the indies any good to go on strike.
"How long till the economy pukes? "
$80-$90 probably.
It wasn't ALL tax breaks. Some of it was incentives and other pork line items but then why would oil and gas giants take the incentive when they're making enough profit not using it? Private corporations can charge what ever they want and I have no problem with that but I don't feel like dropping another dime to them whether in tax breaks, incentives or the other white meat just like I don't believe in bailing out the airlines and a special interest highway bill full the swine. Now breaking down legal barriers is exactly what is needed nothing more, nothing less and for the past 20 years that is what the energy companies have asked for and now they got it.
I think the fact that the administration was filling the SPR (I think it stopped now) at these high prices - taking that oil off the market, was another factor.
in any case, what is happening right now is draining the president of political capital.
the only tax breaks that will mean anything are the ones to small companies and alternate suppliers. I heard one of them on the radio this morning - a startup company that can make clean diesel and jet fuel from coal - they get a 50 cent per gallon tax credit for it.
to be honest, the large established companies should have had a windfall profits tax placed on them, the proceeds used to fund tax credits to alternative energy companies and fuels. That's how you level the playing field - tax the companies getting fat off the current situation who do no R&D or exploration, and give that money to startups that will.
Pfft...I can't wait for winter time if natural gas keeps trending the way it is.
" who do no R&D or exploration"
And who are these companies getting rich and not exploring, certainly not Exxon or BP?
"I can't wait for winter time if natural gas keeps trending the way it is."
One person I read occasionally thinks natural gas has another 50% gain in price ahead of it from current levels eventually. Another thinks $3 per gallon gas is a given and $5 per gallon by year end 2006 is a possibility.
"Yesterday on the ferry coming to Sodom on the Sound (Seattle) to work a leftist was whining it was all Haliburton and Cheney's doings"
My reply to those folks is always the same: "You do know that Al Gore supported $5/gallon gasoline in his book, don't you?"
Regards, HW
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