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Pastimes : Discussion Thread -- Ignore unavailable to you. Want to Upgrade?

To: c.hinton who wrote (1668)	8/13/2008 11:20:16 AM
From: TimF	Read Replies (1) \| Respond to of 3816

how do you determine a market price for oil and gas as yet to be discovered.... Your not trying to determine the market price for the actual oil. The market prices is for temporary (or permanent) access to, or ownership of, the the potentially lucrative oil fields. and did you see today how the gov announced that 2/3 of corperations pay no federal taxes. Many companies are not consistently profitable. Other's take advantage of tax loopholes, which are a problem of big and interfering government. Oil companies are paying a lot in corporate income taxes. In any case in a very real sense, corporations never pay any taxes. People pay the taxes. The burden may hit the shareholder (less profitable corporations are less valuable), to an extent it hits customers, but studies suggest it often hits heavily on employees (who either make less, or lose their jobs, or don't get the job in the first place, the last would technically be hitting "potential employees" rather than "employees")