The contract would clearly state that all new oil drilled would go straight into the American market. It can not be sold to any other countries. This contract would then be made into law and then we would give them the go ahead to drill.
Would oil companies agree to this?
The only people advocating nationalization of the oil companies are the republicans who think drilling for oil 8-10 years down the road will lower oil prices.
You guys are living in fantasy land. The only solution is conservation and alternative technology. It works in other countries, don’t know why it can’t work in America.
I agree, but they won’t. America first!
The contract would clearly state that all new oil drilled would go straight into the American market. It can not be sold to any other countries. This contract would then be made into law and then we would give them the go ahead to drill.
Would oil companies agree to this?
The only people advocating nationalization of the oil companies are the republicans who think drilling for oil 8-10 years down the road will lower oil prices.
You guys are living in fantasy land. The only solution is conservation and alternative technology. It works in other countries, don’t know why it can’t work in America.
I agree, but they won’t. America first!
The goverment makes more money on taxes then the oil companies do on profits. The goverment regulations for dozen of local formulations cost us more then any proven benefit is worth.
cause everyone is sadly mistaken whos making the money
The goverment makes more money on taxes then the oil companies do on profits. The goverment regulations for dozen of local formulations cost us more then any proven benefit is worth.
cause everyone is sadly mistaken whos making the money
I see a lot of dismay over pricing of gasoline, (a natural reaction), but not much about the effects of tighter environmental regulations, a myriad of different gasoline specifications, a shortage of US refining capacity and the substantial profits of the (crude oil producing) oil companies. Who listens to a balances analysis of the problems and solutions? Or is it a "follow the leader" and selfish mentality that rules?
Not at all.
My oil company investments are doing great because you drive so much.
Gasoline is still much cheaper than bottled water.
If you tax oil the oil companies will pass that tax on to the consumer raising gas prices. If you tax other companies more they also will pass that tax on to you, the consumer, making everything more expensive.
Also, raising taxes cost companies money which will make them shy away from hiring new employees and/or giving raises to current employees.
Do people just want the rich to PAY regardless of what that costs the average American?
It’s because the Leaders those people look to, are fools. What you said is spot on. ALSO when you tax them their profit on the books will be down creating less wealth for the company on the books making the dividend payments, payments to the stocks value go down or stay the same. That is making the investment in that company that you have NOT A GOOD INVESTMENT, forcing you to sell off, so that you can make money elsewhere. That forces the company to liquidate assets or borrow to cover the sell off making the company worth less and so on and so forth creating a downward spiral in their value. Many companies are experiencing this right now as reflected in the market. It is whats happening now. The market is below 8k from almost 15k. People don’t want to pay the increased taxes soon after jan 20th so they are swiftly reorganizing their portfolios.
If you tax oil the oil companies will pass that tax on to the consumer raising gas prices. If you tax other companies more they also will pass that tax on to you, the consumer, making everything more expensive.
Also, raising taxes cost companies money which will make them shy away from hiring new employees and/or giving raises to current employees.
Do people just want the rich to PAY regardless of what that costs the average American?
It’s because the Leaders those people look to, are fools. What you said is spot on. ALSO when you tax them their profit on the books will be down creating less wealth for the company on the books making the dividend payments, payments to the stocks value go down or stay the same. That is making the investment in that company that you have NOT A GOOD INVESTMENT, forcing you to sell off, so that you can make money elsewhere. That forces the company to liquidate assets or borrow to cover the sell off making the company worth less and so on and so forth creating a downward spiral in their value. Many companies are experiencing this right now as reflected in the market. It is whats happening now. The market is below 8k from almost 15k. People don’t want to pay the increased taxes soon after jan 20th so they are swiftly reorganizing their portfolios.
the oil companies are making billions in profits at the cost of the average joe on the street (me and you), and they get tax breaks, they are greedy bastards.if they produced more oil then the price would decrease.
Depends on what country they are from. Some People can be ruthless and kill for oil
I was just wondering because every time there are huge price increases in overseas crude oil (the raw material our domestic oil companies use to make most of their gas and other products.) The oil companies always report increased profits, usually record profit increases. Is there any other industry that anyone can think of that has record profits whenever their raw material prices increase. That seems a little unreasonable to me if they are pricing their products fairly. Or am I wrong?
The other thing that gripes me is the cost of oil per barrel has gone down, yet our per gallon cost have gone up. It’s price gouging and that’s all there is to it. We need to get rid of the oil companies once and for all, we need an alternative fuel fast. Don’t buy gas on May 15th and send them a message, I hope everyone does it, then they’ll get a deficit instead of a profit, crooked bstards.
Or that oil companies pay the government more in taxes, than they keep in profits, which they add back on at the pump.
Thanks for adding that Che. I have forgotten most Americans don’t know the difference.
Most believe a $50 million return on a $1 billion investment is excessive, while a $50.00 return on $100.00 investment is terrible.
Probably because most people don’t know the difference. Exxon’s quarterly profit margin was almost 11 percent of their 390 billion dollar annual revenues. So no that isn’t a negative amount. What they should mention is the ratio of profits related to wells they own vs oil they import.