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

To: longnshort who wrote (321762)	1/19/2007 5:13:36 PM
From: RetiredNow	Read Replies (1) \| Respond to of 1577883

You bet. The oil companies will pay for it. What you seem to be missing is Econ 101. Tax incentives aren't incentives at all when a company is earning massive excess profits. If an investment is profitable you don't need to tack on another 10% out of tax payers pockets for the oil company to have the incentive to make the investments. At $50+ per barrel, most every investment in offshore drilling is worthwhile, so tax incentives are just a waste of tax payer money. Therefore, the oil companies claiming that they'll stop investing in new projects if they lose the tax incentives is just a lot of hogwash. They'll continue to invest because it makes economic sense at $50. It's that simple. So which oil company do you work for?