On Oil and Taxes

[scott]

The cost of their oil is in essence parts, labor, etc. It does not cost them $120 per bbl to get their oil. It is no more than maybe $30 per bbl. My argument is that Mexico keeps their oil within their own market circle, shielding it from world supply and demand pricing.

If they did this, they'd have a shortage of refined products. Great idea!


I know Scott is knowledgeable in this filed, but in this case, I'm rather certain he's on the wrong side of the truth.

Yeah, okay.

[Wild Cobra]

Scott, you are arguing everything around my point. Not my point, so forget you.

[scott]

Scott, you are arguing everything around my point. Not my point, so forget you.

:lol yeah okay

[RandomGuy]

I know Scott is knowledgeable in this filed, but in this case, I'm rather certain he's on the wrong side of the truth.

I know Wild Cobra is knowledgeable in chemistry, but when it comes to chemistry, I'm rather certain his on the wrong side of the truth.

:rolleyes

... and I'm supposed to believe YOU when you start talking out your ass about global warming, even though you don't really study global climate for a living?

I can't logically dismiss what you say about global warming based on the fact that you are a hack, but you keeping saying the stupidist, most partisan shit, making me assign anything you say about global warming very little weight when it comes to evaluating the evidence.

[RandomGuy]

Scott, you are arguing everything around my point. Not my point, so forget you.


Translation:

"I know I just got caught talking out my ass by someone smarter than I am, I will pretend it doesn't matter so I don't have to admit I was wrong."

[RandomGuy]

Historic numbers are on my side.

:nope Do tell, hack-boy. Step up and let me see them and how they support your argument.

[RandomGuy]

:lol yeah okay

That is the standard WC response when you pick his strawmen apart.

"you aren't really addressing my points", in a lame-ass attempt to avoid admitting how shaky his point was.

[Wild Cobra]

You guys forget that PEMEX is state run and operated, treaded as a state resource. Not like a corportation. This is Corporatism. On the books, all their profit, and then some is effectively taxed. It is treaded as a vessel for state debt as well. Since it is taxed at something like 60% on the books, and a state entity, it is not truely a subsidy that anyone sees at the pumps. It is effectively a tax break.

They have plenty of oil to sell for profit on the open market and still produce fuel at a profit. They export (2008 estimates & various site links) (http://www.indexmundi.com/mexico/oil_production.html) 59.94% of their oil produced and import 14.85% of what they consume. Selling at market value and producing at say $30 per bbl gived them plenty of room to still sell gasoline at a profit.

Please use the real meaning of subsidy. Not the liberal translations of it.

[RandomGuy]

You guys forget that PEMEX is state run and operated, treaded as a state resource. Not like a corportation. This is Corporatism. On the books, all their profit, and then some is effectively taxed. It is treaded as a vessel for state debt as well. Since it is taxed at something like 60% on the books, and a state entity, it is not truely a subsidy that anyone sees at the pumps. It is effectively a tax break.

They have plenty of oil to sell for profit on the open market and still produce fuel at a profit. They export (2008 estimates & various site links) (http://www.indexmundi.com/mexico/oil_production.html) 59.94% of their oil produced and import 14.85% of what they consume. Selling at market value and producing at say $30 per bbl gived them plenty of room to still sell gasoline at a profit.

Please use the real meaning of subsidy. Not the liberal translations of it.

Please give me the "historical figures" that back up your assertion.

[RandomGuy]

Please use the real meaning of subsidy. Not the liberal translations of it.

:lol

http://www.trephination.net/gallery/macros/lamer-st.jpg
"liberal translations"

It isn't a translation, dipwad, it is the definition of a subsidy.