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Congress Should Vote To Temporarily Rescind the Federal Tax On Gasoline.
8/22/05 | moose2004

Posted on 08/22/2005 11:07:12 AM PDT by moose2004

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To: moose2004

That would be great, but it isn't going to happen.


41 posted on 08/22/2005 11:39:51 AM PDT by MEGoody (Ye shall know the truth, and the truth shall make you free.)
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To: moose2004

42 posted on 08/22/2005 11:42:16 AM PDT by pageonetoo (You'll spot their posts soon enough!)
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To: Redwarrior

>>>Get Mexico to build refineries close to the border and pipe refined gasoline into the US.

The builders of refineries are oil companies. The current situation has provided them with record profits. Given the current state of things, the oil companies may have no interest in building refineries anywhere.


43 posted on 08/22/2005 11:42:55 AM PDT by NC28203
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To: JoeSixPack1
And Exxon/Mobile just posted a 31% profit increase over last year.

Have you looked at their P&L statements and compared them from '03 to '04? If their after tax net income went from 3% to 4.2%, then their profit went up tremendously. Then yokels DEMAND that they spend a feww billion dollars and build more refineries. Some folks need to understand supply & demand, and simple economics, economies of scal and business in general. (sheesh)

44 posted on 08/22/2005 11:46:58 AM PDT by Cobra64
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To: moose2004

To all who complain about gas prices being so high. Do you buy products made in China or the USA? I know there's not always a USA made alternative, but do you spend the extra buck to buy American made products when you can? If not, no complaining about the gas prices! You are contributing to China's need for more production capabilities and therefore the increased demand for oil/gas. And, as we all know, with limited supply, as demand goes up, so do prices.


45 posted on 08/22/2005 11:47:29 AM PDT by Roos_Girl (Help! Help! I'm being repressed!)
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To: moose2004
John Kerry criticized Bush repeatedly during the election that it was irresponsible for Bush to be adding to the strategic oil reserves at $40 a barrel. Bush said it isn't the duty of a president be be a speculator in commodity markets. I emailed Kerry at this time and instructed him how he could sell short oil futures contracts if he was so sure the price was going down.
46 posted on 08/22/2005 11:48:39 AM PDT by ElRushbo (Harley Riders against Elton John)
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To: Cobra64

I'm not a populist, and I don't believe in any way that this is a solution to the problem of rising oil prices, period. But, Repubs and the President need to get in front of this issue now before the dems and the MSM try to blame us for the fact that some people cannot/will not be able to afford to heat their homes this winter.


47 posted on 08/22/2005 11:49:04 AM PDT by moose2004 (You Can Run But You Can't Hide!)
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To: Cobra64

Oil trading futures on the barrel price is what's fueling the prices at the pump.


48 posted on 08/22/2005 11:50:41 AM PDT by JoeSixPack1
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To: jpl

Well said.


49 posted on 08/22/2005 11:51:17 AM PDT by moose2004 (You Can Run But You Can't Hide!)
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To: HarleyLady27
You mean the Iraq war isn't for oil?

Why I thought that is why we went into Iraq....where's the lower priced oil then? (sarcasm on!)

Of course it is...Bush and his buddies, Cheney, and Haliburton are lining their pockets more than ever now that gas prices are so high!

/MOONBAT libspeak

50 posted on 08/22/2005 11:52:42 AM PDT by BureaucratusMaximus (The function of socialism is to raise suffering to a higher level.)
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To: JoeSixPack1
 
Sales Comparisons (Fiscal Year ending 2004)
Company Sales
(blns)
Sales
Growth
Sales/
Emp (US$)
Largest Region
Exxon Mobil 263.989 23.8% 3,073,213 Rest of the World (76.8%)
Conocophillips  118.719 31.2% 3,316,173 the United States (81.2%)
Total SA  153.301 28.3% 1,376,122 Rest of Europe (34.1%)
Chevron Corporation  142.897 26.5% 2,551,732 International (63.2%)

Your figures are for ConocoPhillips not Exxon and they represent "sales growth" not "profit". Exxon makes about the same profit margin whether oil is selling at $30/bl or $60/bl. Less than 10%.

Profitability Comparison
Company Year Gross
Profit
Margin
EBITDA
Margin
Earns
bef.
extra
Exxon Mobil 2004   17.3% 9.6%
Exxon Mobil 2003 49.0% 15.1% 9.8%
Conocophillips 2004 17.2% 14.5% 6.8%
Total SA 2004 18.3% 17.8% 7.8%
Chevron Corporation 2004 33.4% 15.1% 9.1%

SOURCE  

!

 

51 posted on 08/22/2005 11:54:06 AM PDT by HawaiianGecko (Liberals believe common sense facts are open to debate!)
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To: BigTex5

Right now I'll bet companies in the conversion business have never been busier switching homes/businesses from oil to gas.


52 posted on 08/22/2005 11:54:35 AM PDT by moose2004 (You Can Run But You Can't Hide!)
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To: HawaiianGecko

Thank you. Facts are always better than accumulative assumptions. :-)


53 posted on 08/22/2005 11:56:20 AM PDT by JoeSixPack1
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To: moose2004

In CA the state adds $.24 plus 8.25% sales tax on top of the $.18 federal.


54 posted on 08/22/2005 11:58:38 AM PDT by Mister Baredog ((Minuteman at heart, couch potato in reality))
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To: JoeSixPack1
And Exxon/Mobile just posted a 31% profit increase over last year. Gee, let's punish our tax system and reward the corporate thieves.

No one complained ten years ago when oil companies were fighting for survival and oil was $10-15/barrel. You don't believe in capitalism?

If you don't like it stop buying the product or buy oil stocks and enjoy the up cycle.

It's called supply and demand and we can't repeal it no matter what we think.

55 posted on 08/22/2005 12:04:02 PM PDT by Mister Baredog ((Minuteman at heart, couch potato in reality))
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To: Mister Baredog
You don't believe in capitalism?

No,,, everyone should send ME their entire net worth and I'll redirect it as I see fit.

56 posted on 08/22/2005 12:07:04 PM PDT by JoeSixPack1
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To: JoeSixPack1
No,,, everyone should send ME their entire net worth and I'll redirect it as I see fit.

Splains alot, LOL, I like your FReeper name Joe, I think I've go have a beer.

57 posted on 08/22/2005 12:12:09 PM PDT by Mister Baredog ((Minuteman at heart, couch potato in reality))
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To: Mister Baredog

Set 'em up! I'm buyin'! :-)


58 posted on 08/22/2005 12:13:35 PM PDT by JoeSixPack1
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To: moose2004

When pigs fly!


59 posted on 08/22/2005 12:15:48 PM PDT by sandydipper (Less government is best government!)
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To: Mr. Lucky; Cobra64
Is there any other aspect of the law of supply and demand you would like Congress to repeal?

I didn't know that Federal taxes were an integral aspect of the law of supply and demand, aside from the price distortions they create in the market.

60 posted on 08/22/2005 12:16:42 PM PDT by kevao
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