[jsh3180]

Sorry about the vanity!! Nope, not really!!

[xcamel]

Hint:
Here, the profits go to the stockholders. There, they go right to Hugo’s bank account.

In both cases, they’re stealing from the average Joe with a 401K, and widows, and pensioners.

[kromike]

I’d be curious to take a poll of just oil industry executives & employees and see how many of them support Ears for president.

[Mike Darancette]

The plan would target profit from the biggest oil companies by taxing each barrel of oil costing more than $80, according to a fact sheet on the proposal.

So who pays the tax, the entity selling the oil? Saudi Arabia, Venezuela and Canada pay the tax? Or does the refinery buying the Oil pay the tax thus tacking it onto the price of distillates?

The price of Oil stated on the spot market is somewhere near $115/bbl but when someone like Exxon buys Saudi oil and loads it on their own ship doesn't Exxon pay at the wellhead a price already contracted with the producer which is different (probably less) than the spot price? Surely the oil that Exxon pumps from the North Slope and delivers to it's refineries does not cost even $80/bbl?

[Lonesome in Massachussets]

H. L. Mencken called an election (under St. Roosevelt, the Beneficent) an advance auction on stolen goods. How right he was.

[ricks_place]

If ExxonMobil is making so much money, buy the darn stock or even better buy call options! Obama’s Marxist rant punishing ExxonMobil success will discomfort its biggest shareholders, Institutional Investors (52.14%), ie. government pension funds!

[donna]

[Loyal Buckeye]

Who had the idea first?>P>HC (Hugo Chavez and Hillary Clinton) followed by B HO.