Posted on 05/08/2008 6:31:14 AM PDT by K-oneTexas
Some residents of Fairbanks actually headed out into the bush rather than stay in town because they had a feeling the Japanese would be showing up very soon. Would have been next to impossible to defend Alaska had Japan not lost at Midway. That was the beginning of the end for them and they knew it and pulled out of Alaska.
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That's like a snake eating it's tail. "Incentives" is another word for massive amounts of taxpayer money, being given to an industry to try and coax them into increasing their production beyond current market capacity that would only result in a surplus scenario, and thus drop the price that they are charging and thus shrink their profit margins. The "incentive" would have to be equal to their loss of revenue for it to be even close to palatable. So either I give it up at the pump or I give it up at the office. Either way it comes out of my pocket.
Although you may not like ethanol, in the name of energy independence, I'm keeping an eye on the following development in non-corn ethanol production.
Non-corn ethanol
Sorry, I did mean corn based ethanol as NOT being a good solution. Certainly, other makes would be preferable such as the one you referenced.
Not necessarily - how about letting them keep some of THEIR money to allow for investment? What a concept!
Thanks for clarification. :^)
Washington D.C. has gotten very used to spending the $$$$Billions that they are making off of the oil companies. If that money stops coming in, you know they aren’t going to cut spending, so that extra money has to come from somewhere..... time for a tax increase to pick up the slack.
Not correct.
When production goes up, volume will go up. Tax income will go up.
That has been demonstrated over and over but the libs still don’t get it.
Not only will revenue from oil and gas increase, but revenue will increase from all industry that use oil, depend on transportation of their good, and personal spending.
Tourist industries will benefit. On and on.
By the way, a hotel man told me today that the east coast tourist industry is already hurting and expects much worse.
A major source of tax revenue for NC, SC and FL as well as national tax.
The Japanese were wiped out on Attu island in May 1943, almost a year after Midway. They had every intention of maintaining their occupation until the US forced them off or gave up trying. The battle of Kommandorski Islands in March 1943 forced the Japanese navy to give up surface re-supply and rely on subs, which could not do very much.
Then they abandoned Kiska Island 2 weeks before US forces invaded it. Their main intention in occupying both was to deny the US an invasion path to Japan by way of the Aleutians. Those residents who headed for the bush were those types who panic too quickly in any wartime situation. There were a lot of them in the lower 48 too in 1941 and early 1942. Any Japanese plans to invade the Alaskan mainland, if any, were long range and hypothetical. Even the Army fanatics were well aware they could not win a long war with the US and an invasion of the North American mainland was nowhere in their war planning.
Still an energy loser.
The Japanese would have been fools to try to come up to Fairbanks with those three AA guns ready and waiting for them even at 60 below.
I disagree that ethanol is an energy loser because of the following research.
Gas/ethanol mixture more economical
Exxon/Mobil et al aren’t taxed on how many gallons they sell. They are taxed like any other corporation on their profits. If the amount of their profits go down, so too does the amount of tax revenue collected from them.
When you buy a gallon of gas for your car, you pay so much tax to the federal government and so much to the state.
Each company in the chain, the station, the wholesaler, the manufacturer and the drilling company makes a profit.
It has been proved over the years that lowering taxes on the corporations results in a great increase in business activity and therefore increased profits.
OK, now they are making profit on volume, not on scarcity, so you buy more gas because either it has gone down in price because of the larger supply or it remains the same price even though the general cost of living continues to climb due to inflation...so its real value is less.
Now because it is easier to pay for, you use more. You go to the beach, you go three states over to see aunt Jane, you ride around on Sunday taking the kids to see the mountains.
Guess what? The filling stations send more tax money to the feds and to the state.
So does the motel and the places you stop for refreshments.
OK, now the truckers can make a living without getting an arm and a leg to haul goods to the grocery store... so the store benefits, the trucker benefits, and they all pay taxes.
Think it through. That is what happened in the Reagan tax cuts, it is what happened in the Bush tax cuts and it will happen again if we cut taxes again.
So the government does realize increased revenue and does not have to have a general tax increase.
Especially, we need to take the restrictions off so the oil companies can drill wherever oil can be found, and the various restrictions that keep the refineries from building new plants.
I read somewhere that it takes 5 years of paperwork to get a new refinery approved even if the chosen community will allow it.
I would expect that the onerous government regulations are more burdensome to the oil industry than are the federal taxes, but reducing both would definitely increase the supply of fuel oil and gasoline.
ADM propaganda, ethanol production is still an energy loser. Lower BTU content, high energy inputs to produce the alchohol, and other studies indicate no emissions reductions.
bump
Hard data is not propaganda.
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