Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: GVTucker who wrote (182612)	11/9/2005 3:50:23 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 186894

How do you and John feel about the "excess profits tax" that congress is considering for the oil companies? I ordinarily really hate this kind of meddling from government. The problem is, I feel the last tax bill encouraged gas guzzing with its tax breaks for giant SUVs, and once you start meddling with the tax code to incent usage, its fair game to tax profits. I was SHOCKED at XOMs latest report. What a waste. Betcha we consume more food per capita than anyone else, too. Nope, Germans consume more.

To: GVTucker who wrote (182612)	11/9/2005 5:11:45 PM
From: Road Walker	Respond to of 186894

re: the point is that we ALL waste fuel. It is YOUR opinion that cars with poor fuel efficiency constitutes an egregious form of waste. It is MY opinion that people that set their thermostat to 75 degrees waste more. People that drive when they could walk waste more. Yes, but those solutions don't have the same impact, and they are hard to enforce. Listen, gasoline inefficiency is a major problem. It drains money from the economy with little or no positive downstream economic effect (beyond energy company shareholders) Peak oil theory (depending on your beliefs) predicts a crisis. If it's even partially true, getting out in front of the problem is very important. 5% population/25% consumption makes us the most vulnerable to major disruption. High oil prices feed directly to our political "enemies". (Wonder how many petrodollars end up in the pockets of "terrorists"?). Pollution and subsequent health problems The possibility of global warming Balance of trade *And frankly, gasoline is the lifeblood of our economy. With any major oil disruption, we shut down. Depression. I agree with you that most government manipulation makes the marketplace less efficient (as it certainly has with the oil industry). In this case we need government intervention to in-cent efficiency. It's too important... unlike the other "issues" you listed. John