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

To: Tenchusatsu who wrote (309990)	11/9/2006 12:34:19 PM
From: combjelly	Read Replies (1) \| Respond to of 1573841

"That's a tax hike no matter how you describe it." Not up on Prop 87. I gather that California doesn't have any severance taxes for oil? In Texas, every barrel of oil that is pumped, or cubic foot of natural gas that is extracted, is taxed. I know most of the other oil producing states have something similar. Except, I guess, California. No wonder y'all have an income tax.

To: Tenchusatsu who wrote (309990)	11/9/2006 12:37:16 PM
From: combjelly	Respond to of 1573841

""Royalties" are something that authors, musicians, and movie producers earn." I am guessing you never owned a mineral lease?

To: Tenchusatsu who wrote (309990)	11/9/2006 1:48:59 PM
From: American Spirit	Read Replies (1) \| Respond to of 1573841

Wrong. Oil companies should pay royalties for drilling on public land. Big royalties. They are making windfall profits now and corrupting our congress and White House. They need to be regulated strongly, and the people need to get a piece of the action, mainly to fund new clean fuels programs. If we don't gradually replace gasoline and oil as our primary energy sources we're just stupid and backward. If Brazil did it so can we. And Chevron's ads in California were extrenmely dishonest and misleading. Of course it's not a tax. it's just a piece of Chevron's windfall profits.