Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: combjelly who wrote (613353)	5/27/2011 1:17:08 PM
From: TimF	Read Replies (1) \| Respond to of 1575780

If production can not be expanded then the oil companies could see the same amount of gasoline at the current end price (which I've already pointed out). Peak oil doesn't change that point. Refineries being expensive doesn't change that point. All of that is irrelevant. (Note: I'm not actually specifically claiming that the tax incidence does fall on the company, or more accurately its employers or investors, it may indeed fall mostly on consumers. Effective tax incidence is complex and hard to know for certain. But the fact that the tax is nominally on the sale of the end product, rather than directly on the company, is pretty meaningless in terms of figuring out who actually bears the burden.)