Dems Take Aim at Oil Company Tax Breaks

www.forbes.com ^ | 11/21/2006 | H. JOSEF HEBERT

[Red Badger]

Thanks a lot, Dems, you want to kill everything........

[Always Right]

_Tax breaks for refinery expansion and for geological studies to help oil exploration.

Yeah, we definitely don't want anything that might reduce our dependance on terrorist oil.

[2banana]

When oil goes back to $3.00/gallon - will the MSM blame the dems on a daily basis?

[Red Badger]

If I didn't know any better, I'd think this was written for Scrappleface.........

[Red Badger]

No, Only Republicans get the "blame". Dems wil be hailed for "trying to hold the line"..........

[NeoCaveman]

What they want higher gas prices and gas lines.

These people are all Carterites and beyond incompetent.

[hlmencken3]

But wait, I thought oil only needed the free market, and only EEEVILL ethanol gets tax breaks...

[Red Badger]

In order for (D) to govern, there must be a continuing crisis of some sort. A boogeyman to shake in front of the electorate and say, "We will save you from him!" If they do exactly as they plan, they will either destroy the country's economy or themselves, or both.......

[Always Right]

If I didn't know any better, I'd think this was written for Scrappleface.........

Who needs Scrappleface when you have Pelosi?

[ElectricStrawberry]

So.....are the "tax breaks" that're gonna get rolled back or "subsidies" that're gonna get rolled back?

I'm guessing tax breaks.

[Cinnamon]

Libs.. never met a tax break they didn't hate... never met a tax they din't like.

[Mogollon]

The government already makes twice as much off of a gallon of gas than the oil company does. Guess who pays at the pumps when the rats raise their taxes.

[100-Fold_Return]

better buy hybrid or diesel...

[griswold3]

Need to attend 'Profit Margin 101'
Alternative fuel sources should not 'bank' on soy diesel and corn ethanol.
Another point that everyone is missing:
Severe Uranium Shortage by 2010

[Dog Gone]

Democrats seem to think that all refineries are owned by companies who drill for oil. In reality, integrated oil companies are becoming the exception and refineries are largely owned by companies not in the drilling business.

But to stupid Democrats, all oil companies are the same.

[Mrs. Shawnlaw]

Bumper Sticker Alert!

[Mrs. Shawnlaw]

This brings back memories of Carter and Commies.
Take away the tax breaks for the oil bidnesses, middle class, small business...

[hermgem]

Dem's need to look at the example Senator Durbin pursued for personal recognition during his beginning political career.
Durbin initiated, at his Illinois home base, to bring charges for price gouging against big oil.
Both turned out to entirely clear oil companies.
The final result however came when Amoco, an independent oil and chemical company gave up, sold out to British Petroleum and disappeared from Durbin's home turf of Illinois.
Both, Oil and Chemical divisions departed from Durbins investigative zeal of gaining personal recognizance.
Along they wiped out from Illinois and Chicago very good paying jobs including a solid tax base.
Durbin sits as second in the Dem Senate and needs to inform his fellow lawmakers of his experience and consequences.

[goodnesswins]

Let's start looking at the tax exempt status of WINERIES....eh, Nancy....

[Cobra64]

Incoming House Speaker Nancy Pelosi, in an outline of priorities over the first 100 hours of the next Congress in January, promises to begin a move toward greater energy independence "by rolling back the multibillion dollar subsidies for Big Oil."

Incredibly stupid. If you want energy independence, you don't apply dis-incentives. What a jerk. Too bad she never worked a day in the private sector, can't read a P&L or balance sheet, doesn't understand business cycles,and doesn't understand economics.

There is no such concept as "windfall profits."