Author Topic: Congress just raised the price of gas (Read 897 times)

bj229r · « **on:** August 05, 2007, 07:55:14 AM »

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Have ANY of these idiots even taken Economics 101 in college, or did they just go right to law school? Corporations which retail a product DON'T pay taxes, buyers of said product end up paying it.

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The Democrat-led House yesterday passed a $16 billion tax increase on the oil industry to pay for renewable energy and conservation incentives ignoring the White House's charge that it will raise gas prices and reliance on foreign oil.

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Republicans said the bills do nothing to increase the production of domestic oil and coal and will lead to higher energy prices.

Of course, they don't want us using domestic oil

McFarland · « **Reply #1 on:** August 05, 2007, 08:28:40 AM »

And the idiots in Congress stuff their pockets fatter. What more do they need? How about just going ahead and shooting all the poor people so we don't have to suffer through this?

nirvana · « **Reply #2 on:** August 05, 2007, 12:33:36 PM »

No more drag racing for me:cry

If they shot all the poor people Mcfarland....then they would have to kill everyone. There is always someone that is less fortunate. You have a point though, there comes a point in which Bill Gates has much more money than anyone in Congress leading to their demise.

crockett · « **Reply #3 on:** August 05, 2007, 01:40:09 PM »

Actually if you read what they did.. They took away 16 billion in subsidies that big oil gets. You know those guys that have raised the price of gas to the most expensive it's ever been and have been raking in record profits while doing it.

"It would withdraw some $16bn (£8bn) in annual subsidies from the oil industry. "

http://news.bbc.co.uk/2/hi/americas/6931767.stm

Basically they took away one of the "many" freebies the big oil companies enjoy.

btw who do you think is going to pay for us to get off oil and move to a cleaner renewable energy source? You think the oil companies are going to pay for it?

Hell no they wont, so tell me what wrong with taking money we "give" them and using it for our future?

This is from 2002...

"By just about any measure, the past three years have produced one of the biggest cash gushers in the oil industry’s history. Since January of 2002, the price of crude has tripled, leaving oil producers awash in profits. During that period, the top 10 major public oil companies have sold some $1.5 trillion worth of crude, pocketing profits of more than $125 billion."

I think the oil companies can afford losing 16 billion of their 125 billion in "profit". Especially when that 16 billion is coming out of the taxpayers pocket.

So get your facts stright and understand what they did.. Rather than just go foaming at the mouth about Democrats raising gas prices..

Phaser11 · « **Reply #4 on:** August 05, 2007, 01:43:25 PM »

No matter how or what money is taken away from the oil companys, They WILL carge us to ge it back. Whether it is a tax, or what ever, we will make up the difference. What the dems have done looks good on paper, but it will just cost us more at the pumps.

I am really getting tired of having to pay extra for the..... forget it. The Dems will tax me to the poor house and then I get the money while not having to work for it.

crockett · « **Reply #5 on:** August 05, 2007, 01:45:18 PM »

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Originally posted by Phaser11
No matter how or what money is taken away from the oil companys, They WILL carge us to ge it back. Whether it is a tax, or what ever, we will make up the difference. What the dems have done looks good on paper, but it will just cost us more at the pumps.

Then put the blame on the oil companies where it belongs. The democrats just took a way a free ride the oil industry was getting on the backs of US tax payers. That's something we should be happy about.

The oil companies are going to continue to raise the price of oil no matter what happens. So why should tax payers give them a free ride in the process? At least this way there will be money going to other things to help our future rather than in the pockets of the greedy oil industry.

Phaser11 · « **Reply #6 on:** August 05, 2007, 01:47:08 PM »

Then put the blame on the oil companies where it belongs. The democrats just took a way a free ride the oil industry was getting on the backs of US tax payers.

No kidding, but the Dems are makeing it far far far far worse not better. Make a law that works!

john9001 · « **Reply #7 on:** August 05, 2007, 01:50:15 PM »

hurt "big oil" where it hurts, stop driving your cars.

what? you say you "have" to drive your car?

crockett · « **Reply #8 on:** August 05, 2007, 01:52:06 PM »

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Originally posted by Phaser11
Then put the blame on the oil companies where it belongs. The democrats just took a way a free ride the oil industry was getting on the backs of US tax payers.

No kidding, but the Dems are makeing it far far far far worse not better. Make a law that works!

Well the problem is, that we seem to have a limited supply of oil left. So the oil companies will continue to keep raising their prices to suck out as much profit as they can. So why should we give them a free ride while they are price gouging us?

We have to bite the bullet at some point and start putting money into other energy sources. So is it better to do it when gas is $3+/- a gal or when it's $5+/- gal ?

crockett · « **Reply #9 on:** August 05, 2007, 01:59:55 PM »

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Originally posted by john9001
hurt "big oil" where it hurts, stop driving your cars.

what? you say you "have" to drive your car?

I've done that myself. I used to have a job, that I drove over 100 miles a day. I decided gas was too expensive and started my own company. I now work from home and barely drive 30 miles a week.

So I've done my part in that sense, I understand not everyone can do the same. However last time I filled up my truck was almost 30 days ago..

I went from spending about $150 week in fuel to about $40 a month if that.

Charon · « **Reply #10 on:** August 05, 2007, 02:12:29 PM »

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So the oil companies will continue to keep raising their prices to suck out as much profit as they can. So why should we give them a free ride while they are price gouging us?

How exactly do the oil companies raise prices? Not that I have a personal problem with rolling back corporate welfare. Maybe someday Congress will do the same with renewable fuels.

You want to lower gas prices get enough people to drive fuel efficient vehicles like we had to in the 1970s and 1980s, don't buy Chinese crap at Walmart and don't support companies that outsource to India.

Charon

bj229r · « **Reply #11 on:** August 05, 2007, 03:41:43 PM »

Crockett are you under the impression that Congress can diminish the profits of oil companies even 1 penny?

Shamus · « **Reply #12 on:** August 05, 2007, 03:44:21 PM »

Just think how cheap gas would be if we ran oil company tax credits up to 150 billion.

shamus

Toad · « **Reply #13 on:** August 05, 2007, 04:00:50 PM »

Just think how cheap gas would be if we taxed all oil companies at 98% of gross.

Toad · « **Reply #14 on:** August 05, 2007, 04:01:40 PM »

Wait! Let's nationalize them! That always works!