Posted on 08/04/2007 1:10:57 PM PDT by Sub-Driver
House consider new oil company taxes
By H. JOSEF HEBERT, Associated Press Writer 16 minutes ago
Declaring a new direction in energy policy, the House on Saturday edged toward passing $16 billion in taxes on oil companies and offering tax breaks and incentives for renewable energy and conservation efforts.
Republican opponents said the legislation ignores the need to produce more domestic oil, natural gas and coal. One GOP lawmaker bemoaned "the pure venom ... against the oil and gas industry."
Yet as the Democratic-controlled House began debating energy proposals, House Speaker Nancy Pelosi said, "We are turning to the future."
Pelosi, D-Calif., said it was essential to commit to renewable energy such as wind power and energy from biomass while also reducing reliance on fossil fuels. Doing so, she said, will help address global warming and make the country more energy independent.
"It's about our children, about our future, the world in which they live," Pelosi said.
She has pledged to have the House pass energy legislation before lawmakers depart this weekend for a monthlong vacation.
(Excerpt) Read more at news.yahoo.com ...
That's about as ridiculous a statement as Pelosi's.
Milk doesn't come from corn.
Any corn fed to dairy cows is grown by the dairy farmer, he doesn't buy it on the open market. If he did, by your reckoning milk would already be costing $5 a gallon.
Corn silage (the stuff fed to dairy cattle) is a very low quality type which isn't grown to full maturity, it is chopped down husk and all and mixed in with other stuff like alfalfa, oats and fermented in a silo.
Corn isn't even a necessary ingredient in silage, barely, soy can be used instead.
Corn grown for feed isn't costly to grow, even if seed prices were to rise.
I'd be more concerned about pork prices going up, because pigs are feed a much higher and purer concentration of corn in their feed. Even then, your talking pennies a pound.
Oh but don’t you know? The taxes and the suffering are for the little people, not the ruling elite./s
Watching Hannity and what’s his name, he had on that snotty brat Congressman Weiner (no kidding, that’s his name, with a personality to match). Anyhow, this twit proceeds to pronounce that only he knows the rules, not anyone outside the House elite.
There are those who will always manage to get theirs - and yours too. But there is a day of reckoning coming soon. The left wants to overthrow our government in favor of a totalitarian regime. How are they going to do it without guns? As Zell Miller says: “With what, spitballs?”
My powder is dry - how’s yours?
Besides, if corn prices rise because of increased demand, that is a GOOD thing. It’s about time farmers were paid above what it actually costs to grow the stuff, instead of the government handing out my money for subsidies.
Plus there is no shortage of acrage to handle any increased corn production.
These milk price increase scares are just leftist anti Bush/ethanol rantings that are totaly false.
taxation, all about control.
I've squirreled away a substantial stock pile of all necessary goods :o)
There's a day of reckoning coming, no doubt about it.
To be fair, the subsidies would have to be spread around to all forms of energy, not just fossil fuels. Heck, we could even dump heavier subsidies on the other forms...hydro, wind, nuclear, etc. And also research on batteries, hydrogen, nuclear fusion, etc.
At some point, we need to get people to understand that once society progresses to a certain level of technology, energy production becomes everything. As it stands, our bodies are literally made of petroleum. Our food is petroleum and sunlight converted to digestible forms. In the old days it was merely sunlight converted to digestible forms. But today’s level of world population and standard of living, we are required to utilize petroleum.
Fertilizer, insecticides, refrigeration, transportation, packaging, lubricants, solvents, coatings, plastics, seals, tires, hydraulics, composite materials, synthetic fabrics...none of these things exist without petroleum. It’s as necessary to human life as air water and sun.
No, what will happen is the higher cost of fuel will either drive business out of business, AND drive inflation into double digits, and cause an economic nightmare, and possibly a depression twice or more as bad and longer lasting than the dirty thirties. THAT is what every American should FEAR should the RATS gain total control.
How about we call it a "Windfall Profits Tax"?
You got it.
Starve the nation of petrolium and you will effectively kill it’s industry. And with all these Mexicans flooding over, all the people on social programs suddenly hungry, what does everyone think will happen? Givernment will have no money for social handouts, they will have nobody to tax.
Hell on earth will happen.
” We’re turning toward the future” Yea and your NOT in it!!!! These dopes are going to try and tax the oil companies and they in turn will pass it along to the consumer! What a bunch of sad a## losers! This is all we have to send to Washington to represent us? Come on people, lets get with it!
I don’t think people realize just how fast society can collapse. They think it will be a slow downward spiral.
It can happen overnight, within a week we could have looting, within a month total civil war.
LOL! That sums them up perfectly. :D
Yep, I think I’m gonna go down the basement and take inventory tonight. I havn’t checked ammo and food stores for quite awhile.
Not to mention every 401K that invests in the oil companies. Its a new tax on citizens at the pump and in their retirement plans. Thanks Nancy, who are on well crafted POS.
on = one
That's about as ridiculous a statement as Pelosi's.
Milk doesn't come from corn.
I think he's refering to the costs that are involved with production and the distribution of milk, which certainly would rise if fuel costs rise.
Do milk cows get substanence from corn?
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