Posted on 04/24/2008 9:36:02 AM PDT by Sub-Driver
And the oil companies profit is only a few pennies per gallon. Yet The Beast and Pelosi criticize the oil companies, even though the government makes far more on each gallon of gas sold.
The hypocrisy is so thick its sickening.
I think he tried and they flat out said no to opening ANWR and forbidden coastal regions. Stopping the reserves won't do anything and admittedly the MSM has stated that the only one with an immediate solution is McCain for the gas tax holiday idea.
Hey, Pelooser, you are not making the decisions......
And whats going to stop the oil companies from grabbing the that tax in price increases?
Nancy, is that you?
With no gushers.
There were reports, though, of Pelosi yelling, "Palomino! Palomino!"
Or her use of the government's big jet airplane.
You do know, of course, that oil is a commodity that is traded, which dictates price. The Opeckers don't set the price and the only real reaction to any announcement would be for them to increase production in an attempt to get oil futures down.
Convert from ECUSA in Virginia wants Pelosi from San-fran-damn-cisco to kindly shutup and go kiss an eastern diamondback rattlesnake.
I wonder if McCain will ever get that this could be an issue that could get him elected. I don’t think the general populace knows the vast quantities of oil and natural gas that is right under our collective feet. Almost everyone is affected by the outrageous gas prices we are paying and if someone tells them that a)oil drilling doesn’t ruin the environment or threaten animals with extinction, b) we could be self sufficient with our own resources for (by some estimates) over 50 years and c) the Democrats in Congress are the ones blocking this, it could be a very bad election season for Dems.
They could never jump on the bandwagon without alienating their base and doing a complete 180 on the issue of Global Warming and Environmental Protection. I, personally think, at the current rate of technological advances and invention 50 years will be more than enough time to come up with practical and affordable alternatives to fossil fuels. I also think Average Joe can do the math on this and doesn’t care nearly as much about hugging trees as he cares about his wallet.
*Probably* not. She is simply the stupidest Speaker in the history of the country, by far. That she has gotten to where she is defies all reason... or maybe it just proves that if you've got enough money, anything is possible (or for sale).
Pelosi just proved she’s the type that would eat all the seed grain.
Out of curiosity I decided do a little exercise in math to keep some of those synapses firing.
XOM ExxonMobil is the worlds largest oil company.
They earned approximately $40Billion after taxes over the last year. Of course they paid approximately $29Billion in Income taxes.
XOM paid their shareholders approximately $7.5Billion in dividends, who in turn paid approximately $1.5Billion in income taxes on those dividends.
In MexiFornia we pay a total of $.50 per gallon in State and Federal taxes. XOM's gross revenues were roughly $400Billion over the last year if half of that came from gasoline at the pump, Americans would have paid roughly $100Billion in taxes when they gas their cars.
So lets see...based on those rough estimates...governments at various levels are getting something like $130Billion a year from the business XOM operates...while the owners of XOM (us, our IRAs, our 401Ks, our Pension Funds etc.) get $30Billion?
Now that is the biggest oil company, but there are a number of oil companies and the governments have the same deal with all of them...
Those wicked oil companies...
Democrats are feeling the heat for their eco obstructionism. Republicans should go full court press to demand increased production.
Ahem.
We still have nuclear fuel technology in the US of A.
Westinghouse in Agreement With Georgia Power for Two AP1000 Nuclear Power PlantsPITTSBURGH, April 8, 2008 /PRNewswire/ -- Westinghouse Electric Company today announced that it and its partner The Shaw Group Inc.'s (NYSE: SGR) Power Group have signed an Engineering, Procurement and Construction (EPC) contract with Georgia Power to provide two Westinghouse AP1000(TM) nuclear power plants at the Alvin W. Vogtle site near Waynesboro, Ga.
Georgia Power, acting for itself and Plant Vogtle's co-owners in the agreement, is a subsidiary of Southern Company. Co-owners are Oglethorpe Power, Municipal Electric Authority of Georgia (MEAG Power), and Dalton Utilities.
Steve Tritch, Westinghouse president and CEO, said the contract, the first to be announced in the United States since before 1978, is significant because it further proves that the nuclear renaissance has moved beyond the planning stage.
You left out the ad valorem and severance taxes that they pay to the states and counties for each barrel pulled up. That represents about 10% of the value of the barrel at the wellhead.
97% full
$4.40/diesel
it’s warming up here but how does a retired person pay for heat next winter?
300 wells being drilled by marathon in N. Dakota and 6 others
what’s the problem?
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