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Federal subsidies to the oil companies didn't keep the price from hitting nearly $5 last summer. What makes you so sure we wouldn't be seeing $5-6 gas within the next couple of years anyway?
Federal subsidies to the oil companies didn't keep the price from hitting nearly $5 last summer. What makes you so sure we wouldn't be seeing $5-6 gas within the next couple of years anyway?
if you didn't think it would happen, then your unattached.
It's a little weird that Geithner would speak to energy policy, but after all Treasury gets the taxes. I wonder what he really thinks.
So are we supposed to be in favor of federal subsidies for gas and oil companies?
Irrelevant question. Gas prices and everything else in the world are the responsibility and direct result of whomever occupies the WH. Are you new to American politics?
Only when its politically convenient for AHF.
Drill baby drill!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!
oil owns Cornyn, what a transparent shill.
$6 gas would be great for the USA, either pushed by oil price or federal taxes.
why?
so you want to put more tax on the gas and make everyone bankrupt?
This new 13 percent tax on all oil and gas production in the Gulf would only affect those companies enjoying a loophole that allows them to avoid paying royalties on the energy supplies they drill. Companies already paying royalties would get a tax credit.
Obama's budget would also place a $4 per acre annual fee on energy leases in the Gulf that are designated as nonproducing. The budget proposal projects the fee would generate $1.2 billion from 2010 to 2019.
Senator John Cornyn of Texas criticized the tax increases, saying they would hurt independent energy companies that provide a large share of U.S. oil and gas supplies.
"My view is that higher taxes on small and independent producers here in America will make us more dependent on imported oil and gas while we transition to cleaner energy alternatives, a goal we all share," said Cornyn. "And it will also hurt job retention and job creation in the energy sector, which provides an awful lot of jobs in this country.
so raising taxes is not subsidie companies it is actually hurting them
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those oil companys rort the system man
they get subsidies, but they never pass the savings onto the motorists....they are like a fkn cartel where prices are set by them, even the independent sellers are forced to comply also......
and when the govt comes in to set a fine for these clowns, its not even worth makn a fuss about it cause you and me know they going to pass that onto the motorists to make up the fines imposed.
"why?"
because it would, as shown for decades in Europe, force down consumption, even fairly rapidly, while driving up research into althernative fuels like cellulosic ethanol or other renewabl plant-derived fuel, and into greater mileage.
It's pretty clear the US is puerile, stupid, and incapable of mature, responsible decisions while pursing unfettered, greedy, short-term "gimme gimme gimme" consumerism.
The first, basic principle that the US understands is money and materialism. Nothing else matters. High fuel prices would force US into lower fuel consumption, since the US refuses to lower fuel consumption voluntarily, like an adult.
The Repugs and conservatives don't give a about "free markets". They are all for subsidizing/socialism for all energy companies because they know those companies will pay them back personally.
Similarly, their ing about the bailout funds is all for show, since they knew they couldn't stop it, and knew the bailout funds would come back to them as back-scratching grease from the financial sector. So they take a stand on "principle" (being: I'll get my share of the funds, too). The financial sector knew the lying, hypocritical game the Repugs were playing and so won't punish Repugs who voted against the bailout.
I'm not a fan of the subsidies, but I'm also not a fan of anyone in the administration declaring war on these industries. It's idiotic, but what I expect from Team Obama.
Look, I know you're an idiot but...
Do you understand why Europe can handle high priced gasoline? Because they have an awesome mass transit system. They'd take one look at like Via, the Dallas DART system, etc. and laugh. Their cities are their high density population centers, they aren't structured around the suburb like here in America.
Of course I'm sure your next response will be 'well we should just build out mass transit'. I'm all for mass transit, but we're talking tens of trillions of dollars to build a transit system anything like what they have in Europe, and then we're back to where the money comes from.
In case you hadn't noticed, we're in a recession, teetering on the edge of a depression. At times like this, everyone, from you and me to the assholes in D.C. should be scaling back spending, not piling on debt on top of our mountain of debt.
When things recover, then we can start talking more about mass transit, but it's suicidal right now to be talking about massive transit systems, let alone piling on higher gasoline costs onto American consumers who are already feeling the pinch in their wallet.
But you're such an ignorant shill, you think this is all about Republicans just caring about oil companies. That couldn't be further from the truth, but fools like you seem to have a hard time grasping the concept that all these new taxes and costs Obama and co. are trumpeting to stick it to big business on behalf of the little guy are just going to be passed on to the American consumer anyway in the form of higher costs. And that's not even getting into the coming hyperinflation that's going to hit with all this printing of dollars by Geithner, Obama, and co.
Whiff, and whiff again. Look, I'm all for ending subsidies for oil cos., but right now is some pretty crappy timing in my book.
As to the bailout, it was horrible idea, and true Republicans were against it. You seem to forget it was a Democratically controlled Congress that pushed that sucker through. And you seem to confuse RINOs in the Republican party like Bush, Kay Bailey, etc. as true fiscally conservative Republicans, which couldn't be a worse categorization if you tried.
The printing started in September of last year.
Please do not bring facts into here. Unless you have wonderful internet meme's like Obama declaring war on <fill in blank>, then you are not welcome Winehole.
Of course they're going to print money. The bond rate is on the floor so how the are they going to borrow enough? I know I shouldn't be suprised when people like AHF still don't have a clue whats going on but I am.
Because as we all know, cutting subsidies that contribute less than 1% to oil and gas revenues for US companies only, and adding a 13 percent excise tax on less than 1% of world production would cause the price of gasoline to more than triple.
That just makes so much sense.
How could we have not seen that before? oh the folly of our ways...
... and as we all know that if oil or natural gas gets more expensive, no jobs will be created when other forms of energy like renewables pick up the slack.
To think that competing forms of non-imported energy might actually create jobs in the US is just socialist fantasy.
so it is greedy to drive to work
go to fix computers at peoples houses
what is wrong with high fule consumption?
oil is not going to run out if it was it would have already
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