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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Jim McMannis who wrote (285785)4/27/2006 4:12:48 PM
From: Road Walker  Respond to of 1576610
 
re: OK...Royal Dutch is about 7%.

These pale in comparison to other industries. Hardly windfall.


Look at groceries. Look at other commodities.

Listen, we are in a <supposed> war, and our <supposed> patriotic actions are creating a huge increase in the price of oil. If they wanted to, the oil companies could manage their business for a fixed profit dollar, not a fixed profit percent. that would be the patriotic thing to do, like the rubber companies during WWII.

But I don't believe in a windfall profit tax. Screw them. They are about to unleash a major move towards oil efficiency and eventually towards alternate fuels. And their industry will pay for their current greed over the next 20 years.

But PLEASE don't try to tell me these are not "windfall profits". Nobody ever says "windfall profit percent". Windfalls are an absolute dollar measurement, and by any measure, the oil companies are getting windfall profits.

John



To: Jim McMannis who wrote (285785)4/29/2006 7:23:08 PM
From: tejek  Read Replies (1) | Respond to of 1576610
 
These pale in comparison to other industries. Hardly windfall.
If you want oi prices to drop...good luck. We could drill the gulf of mexico over to withing 25 miles of the FLorida coast or the ANWR on one end and you rebate ideas on the other while alternatives are developed but with China and India coming into play...expect higher prices in the meantime. And buy Oil Stocks, I want mine to go up.


And still some people are blaming Floridians and Californians for the oil shortage. Look no further than Harris on this thread.