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i'm sure word will come in here soon to tell us how we should all just be grateful to be allowed to be a part of big oil's omnipotent world.
http://finance.yahoo.com/tech-ticker...ounts-the-Ways
Watch this interview with the former S President who essentially says Big Oil doesn't influence Washington politics and that it's Washington's fault that they get blamed for Oil profits and prices.
i'm sure word will come in here soon to tell us how we should all just be grateful to be allowed to be a part of big oil's omnipotent world.
Why should oil execs get blamed for what they are suppose to do?
Make money?
My God. What types of idiots thing corporations shouldn't make money?
The problem is capitalism. Hence the name, 'capitalism.' It's all about capitalizing at the expense ($$) of others. Big business capitalizes on their opportunities extremely well, and keeps compe ors from capitalizing on theirs.
Evil, evil capitalism. What were the founding fathers thinking?
"founding fathers"
... were very aware of the criminals in banking and industry.
Capitalism has it's faults. It's called people. It doesn't matter what system you have, you will find corrupt people controlling the aspects they can. I don't understand why people are so against capitalism when it is the best system. It has brought this young nation to the number one economic power in the world. If you cannot grasp that reality, then you are lost.
We shouldn't give them taxpayer money on top of the money they make off their business.
Now that I agree with.
Where's that happening?
In the United States.
Show me the numbers, or are you speaking of tax breaks and misrepresenting them?
We have gone over this before.
Tax breaks do amount to subsidies.
I am speaking of direct subsidies that were only meant to be paid when oil was very cheap but are now permanent no matter what the price of oil, tax breaks (not misrepresented at all), lease terms costing one-tenth the price they used to be and royalty waivers where the government receives no money from the oil taken from its lands.
What taxpayer money would that be Chump?
Did you not read this post, x?To say nothing of the $50 million annual earmark for research.
Why does the oil industry need all this when oil is $70 a barrel?
They do? Gee I didn't know that. What is your source?
Gee, research is a subsidy? 50 million, huh. Didn't Obama just say
BP spent that much on an ad campaign?
No cost leases, didn't the government rescind those and had them
all redone?
Those das ly oil companies. Mean es. Next thing you know they
they will rule the world. Oh, I forgot they already do according some
on this board.
Here's a great 2006 quote for all the idiots who claim that environmentalists forced BP to drill deep in the Gulf:
Thanks to the government's subsidizing the costs and the risks, BP drilled.
So why did they need that handout from the government?
I wasn't talking about no cost leases.No cost leases, didn't the government rescind those and had them
all redone?
Why do they need to be subsidized?Those das ly oil companies. Mean es. Next thing you know they
they will rule the world. Oh, I forgot they already do according some
on this board.
Last edited by ChumpDumper; 06-04-2010 at 04:47 PM.
Any microeconomics 101 textbook. It is a rather specific item of study during the course of the class.
If you like, I will find my old textbook from 1998 and give you the name, chapter and page number. I kept it and re-read it occasionally as a refresher, because it fascinates me, and I like to make sure I don't forget the basics over time.
no they have the same effect but they aren't the same thing. Next thing you know someone will claim that cutting taxes will cause a trade war with China.
At any rate, any textbook on international trade would also tell you subsidies are the best way to help domestic goods compete with foreign ones (not tariffs).
How does US oil "compete" with oil from other countries?
well.....dumbass americans think that US oil is for the US.
That's because you're not very smart. But I do like making money off of tools like you.
I agree with that. You're missing the point though. He's essentially suggesting that the oil industry isn't responsible for oil prices and profits. Big Oil can charge whatever they want and make as much money as they want. But to pretend that they aren't the ones that people (rightly or wrongly) should be upset at when prices go up is crazy.
let me ask you this though, do you think the oil industry influences domestic energy policies?
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