Since about 75% of EOM revenue comes from overseas, I would expect most of their taxes to be paid the same.
Posted on 01/04/2011 8:03:13 PM PST by Tolerance Sucks Rocks
WASHINGTON (AP) — A ruling by the Obama administration allowing the sale of gasoline containing 15 percent ethanol is running into legal hurdles from trade groups opposing the plan.
The National Petrochemical and Refiners Association sued the Environmental Protection Agency on Monday over the decision to allow the sale of gasoline containing higher blends of corn-based ethanol, the second major group to protest the ruling.
The Obama administration said in October that gas stations could start selling the ethanol blend for vehicles built since the 2007 model year, increasing it from the current blend of 10 percent ethanol.
(Excerpt) Read more at gopusa.com ...
Thank you so much for posting www.pure-gas.org. I looked up a place close to my home and will fill up today.
Fair enough. Of course, our letters will also complain about accelerated depreciation and royalty payment relief available only to the oil industry, right?
Would you mind reporting back if the station you saw on the list has an ethanol sticker on it?
Chester County, PA is all required by the EPA to use reformulated gasoline.
http://www.epa.gov/otaq/rfg/whereyoulive.htm#required
Along with the very high tax rates paid, of course.
You do pay about 4 times your profits in taxes, right?
ExxonMobil Corp - 2009 Annual Report
http://thomson.mobular.net/thomson/7/3095/4222/document_0/XOM_SAR09.pdf
Page 38 - Summary Statement of Income
(millions of dollars)
Total revenues = 310,586
Sales-based taxes = 25,936
Other taxes = 34,819
Income taxes = 15,119
Total taxes = 75,874 = 24.4% of Revenues
Net income = 19,280 = 6.2% of Revenues
- - - - - - - -
Also royalty rates should match those of solids mining right? There really is no difference as the extraction of resources. So royalties would go to - Zero?
I’ll check....going to Shell station in Gap.
I believe that is Lancaster county. It won’t have the EPA requirement.
It has been over 20 years since I lived in Philly, so I might have the counties wrong.
Actually, I pay infinitely higher US taxes on my US earnings than does Exxon-Mobil. For the year 2009, Exxon-Mobil posted earnings of $45.2 Billion, but paid no US income taxes. While I'm heartbroken that Exxon-Mobil finds it so expensive to do business in foreign sh*tholes, requiring US taxpayers to continue to subsidize that activity is bad policy.
Since about 75% of EOM revenue comes from overseas, I would expect most of their taxes to be paid the same.
Google on the term: “Exxon-Mobil paid no 2009 US income taxes”.
ExxonMobil 2009 Financial & Operating Review
http://media.corporate-ir.net/media_files/irol/11/115024/XOM_2009F&O.pdf
Page 74 - Upstream breakdown of cost showing different US Taxes Paid
The same can be located for downstream and chemical.
With the cost of repair to a chain saw at $100 or more.
The cost to service a fishing motor at $85 per hour.
$105 per hour to repair the generator on a motor home.
The lawn mower repair shop was a bargain at $65 per hour, but they went bankrupt.
To test gasoline before I buy it for all of my small gas motors makes sense to me.
Here on FR there was a story about an automobile dealership that was having fuel related problems that they could not solve. They bought a ethanol test kit and found samples of E10 gasoline that contained up to 21% ethanol.
With a $0.45 per gallon subsidy per gallon of ethanol it is my guess that some where along the supply system there are some unscrupulous people that will turn E10 into E12, E14, E17, E21 or who knows what. Then you and I are stuck with the repair bills.
Again thanks for the information.
...Exxon did indeed pay substantial income taxes to the U.S. Treasury in 2009, and that it overpaid taxes in 2008.
...mistake was in thinking that these figures somehow reflected actual tax benefits and liabilities. So what we should have written was that ExxonMobil “recorded” no U.S. income taxes for 2009 instead of “paid.”
...And for all you commenters outraged that Exxon isn’t paying taxes in the U.S., don’t worry, it is. Our article only focused on income taxes, but it’s worth noting that the 10-k also records $7.7 billion in other taxes in the U.S.
http://blogs.forbes.com/energysource/2010/04/07/exxon-says-it-does-pay-u-s-income-taxes/
The solution is to run the motors out of gas. Don’t fill them or pour the unused gas out. When the job is done, let the motor run until the gas runs out.
This is from the pure-gas.org website. I have not tried it with known fuel types, but I plan to.
Can I test gas myself to see if it contains ethanol?
Yes, and it's quite easy to do. Inexpensive fuel-testing kits are widely available, or you can just do it yourself: (1) pour a small amount of water into a narrow jar (an olive jar works great) and mark the water level with a Sharpie; (2) add the fuel to around a 10:1 fuel:water ratio; (3) shake well, let settle for a few minutes; (4) see if the water level has risen above the mark. If it has risen, it has combined with ethanol from the fuel.
It is also what drives long term viability of the ethanol plants.
People who actually understand Corn, ethanol and cattle feeding are not permitted to post on these sorts of threads.
People who actually understand Corn, ethanol and cattle feeding are not permitted to post on these sorts of threads.
OK, how much US income tax does Exxon-Mobil claim that it actually paid in 2009?
“Ethanol has a higher Octane Rating, but much lower heat capacity per gallon. So your car will not be as prone to knock ( now that there’s no lead antiknock in gasoline). With the lower heat content, to produce the same power as it would with straight gasoline, your car’s computer has to add fuel to maintain the power level. This is what’s so stupid about ethanol. It takes more energy to produce it and it takes more of it to propel you down the road.”
Makes some sense, given that MBTE has been available instead for quite some time to prevent the knocking.
Yes... it is for most of the animals that wind up on our dinner table.
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