...the govt sued IBM for a monopoly. Took 10 yrs, and 1 billion dollars of IBM money. And when the evil, "non-existent" Free market actually catapulted companies like Microsoft, Apple, et. al...into leadership roles...the government dropped it's suit.
"Oh, sorry about that!"
"Microsoft...come here!"
Dont ing tell me who owns who. Our government owns all. You think SEARS could shut down the Government? , no. You think our government can shut down Sears? , yes.
Who would you fear more owing money to? Walmart? Or the IRS?
Now tell me who has the real power here?
"evil corporations" my ass.
That's....facilitators and thieves...yes, it's much better for the poor to pay their meager earnings than collect it from rich corporations....Blindness, ignorance, or stupidity. Or even if it's the greed of a true idealist. Liberals are fascilitators of the biggest theives in World History
Wow, if you think this...your too far gone for any rational conversation on politics or economics.
How about the Spurs? Is Duncan gonna play tonite?
Last edited by SouthernFried; 12-15-2007 at 04:15 PM.
The Saudis actually construct and design more reliable refineries because their capital project hurdle rate is much higher than where most American Oil Refiners place theirs.
What this means is that where an American refiner would build a heat-exchanger out of carbon steel (bare minimum requirements - one of the cheapest metallurgical specifications); the Saudis will build it with Stainless. They 'gold-plate' their projects and add whatever contingencies are needed to keep the refineries running. Truth be told they are more frugal with their money because they can aford to be.
As for some of these expansions in the U.S., many of them are stay-in-business moves to meet the Ultra-Low Sulfur Diesel specifications which will come into effect in 2009. The Gasoline/Diesel shift is also changing due to the higher margins on Diesel of late. Also, some of the upcoming crude expansions amongst U.S. Refiners won't really be adding the same ratio of barrels of refined products per barrel of crude into the market. Why? Because some of those 'expansions' will be procuring and processing 'shale-oil' which doesn't produce as much products on a volume basis.
Bouton's, here is another time I don't think you have a clue of what the truth is.
First of all, doesn't the industry pay enough in taxes already? Even with the tax breaks they get, the indistry pays more than their fair share of taxes
Isn't that enough taxes, or are you one that believe companies and individuals should be glad they get to keep what the government lets them?
Quarter ending Sept 2007:
Exxon:
$7.35 B Taxes
$9.41 B Net Income
Cheveron:
$3.682 B Taxes
$5.380 B Net Income
ConocoPhillips:
$2,691 B Taxes
$3.673 B Net Income
The working poor may not pay much in Federal income taxes, but they still pay State sales tax, property taxes (included in rents), and other misc. fees (hidden taxes)....Wow, if you think this...your too far gone for any rational conversation on politics or economics.
Yes.How about the Spurs? Is Duncan gonna play tonite?
Considering you've likely posted more in our forum than any other forum this year, we feel honored Scott...too bad you have to go though, I wanted to float some ideas by you concerning, the possible replication of the petroleum atom, cleaning the oceans and rebuilding coral reefs using nano-technology, and a invisible body-armor suit that protects you against everything from the common cold to HIV....but I guess it will have to wait till next December...And that will end my 2007 participation in the Politics Forum. See ya next December. I'll leave you with this, Dan-o.
And trout are fish...oaks are trees...and the Spurs have won 4 championships.
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