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Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?

To: Dan B. who wrote (76134)	5/9/2006 4:06:58 PM
From: Orcastraiter	Read Replies (2) \| Respond to of 81568

Who will bring us the energy for tomorrow? The oil companies? Demand is not running ahead of supply. This actually makes a great scenario for oil company profits as we have seen. While they are making such huge profits of oil...will they look into alternative energy? Probably not. That's where it takes a government policy that moves us away from oil and into renewable sources of energy. This will happen only if there are incentives that can match the profitability of the oil. Research and development. Will the oil companies research alternatives to oil? Probably not. This is a classic place for government to step in and provide the funding to get us moved off the oil patch. Some taxation of record profits seems reasonable as a source of funding for this national security need...energy independence. Orca

To: Dan B. who wrote (76134)	5/9/2006 4:08:43 PM
From: Nicholas Thompson	Read Replies (1) \| Respond to of 81568

so if we do not tax gas, how will the roads and bridges be financed other than tolls?

To: Dan B. who wrote (76134)	5/9/2006 6:55:33 PM
From: ChinuSFO	Read Replies (1) \| Respond to of 81568

There was a oil company CEO on TV the other day who stated very clearly that his shareholders have hired him to bring in profits for them. He stated specifically that they have not hired him to spend money on research for alternative fuels. If we were to take his word, then it looks like he is passing on the responsibility for research in alternative fuels to the Govt. Where will the Govt. get its money to benefit us all in general if not through taxes on the exorbitant profits of these companies. I am sure that once you can discern "a decent profit" from the term "exorbitant outrageous profit" then you will start to sing the same tune as AS and me and others.

To: Dan B. who wrote (76134)	5/9/2006 7:54:54 PM
From: Cogito	Read Replies (1) \| Respond to of 81568

>>The notion that we can tax oil companies and not affect prices (and other things) remains ludicrous no matter how many times A.S. says it. Taxes on gasoline are far greater than oil company profits on gasoline. Please think hard upon the last sentence, keeping in mind the costs of future needed exploration and production. Should government attack oil with further taxes, or should government give back some of its cut?<< Dan - I thought about it. "Taxes on gasoline are far greater than oil company profits on gasoline." That would be a good argument except for one thing. Taxes on gasoline are paid by the consumer. They are added in to the price per gallon at the pump. The oil companies are making record profits, while people are paying record prices. It doesn't take much of an education in economics to see that the oil companies don't need tax subsidies to motivate them to explore for the product on which they make such a high profit. - Allen PS: Oh, and there's another problem with that argument. The oil companies are involved with every step in the oil production line. They make profits on refining, and on the sales of the refined products.