| god bless the oil companies.
Posted: 7/1/2008 11:28:58 AM | I just wanted to offer a great big thank you to the most generous group in the united states, the oil companies. exxon made $40 billion dollars in profits in 2007. they also paid $30 billion in taxes. something you hear little about. do an internet search for "exxon profits." then do one for "exxon taxes." see which is the more popular search. the oil companies have a very low profit margin. I think it's under 9%. when compared to other big industries, it's one of the lowest. they provide a product and service that almost every american relies heavily on, and they also provide billions of dollars in revenue for the federal government to provide more services. why just the revenue from exxon alone provides our funding the the department of housing and urban development. it could also provide all the funding for the department of homeland security. it could provide more than 50% of the funding for the department of education, or the department of health and human services. here is a link so you can see for yourself where we can use the money so generously given to us by the oil companies.
http://mibi.deviantart.com/art/Death-and-Taxes-9410862
remember, that $30 billion is just exxon. there are more oil companies out there that provide much more. we should be thanking the oil companies, yet all we do is whine and complain about them. who really are the greedy ones? I guess that I am the only one who sees the irony in the fact that the ones who GIVE THE MOST are being called GREEDY by the ones who GIVE THE LEAST. | |
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| god bless the oil companies.
Posted: 7/1/2008 11:35:13 AM |
who really are the greedy ones?
I'm greedy too!!! Yep, the oil companies should take over the country because when you get right down to it, they basically humanitarians. No wait, then they'd have to govern with the best interests of everyone so that wouldn't work. Maybe they could gradually avoid building new refineries so when it's crunch time they'll make more money than god. Nope, check that one off the list already. I'm not sure what to do but like you op I'm thrilled with how oil companies do business. Lets hear it for $7 a gallon!!
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| god bless the oil companies.
Posted: 7/1/2008 11:47:58 AM | ---remember, that $30 billion is just exxon. there are more oil companies out there that provide much more. we should be thanking the oil companies, yet all we do is whine and complain about them. who really are the greedy ones?---
Do I hear an applause for Exxon. Come on folks lets give it away for Exxon.
If Gas remains the same as it is now, people will start to quit working, they couldn't afford to go to work if they commute. food prices will sore out of control, the other energy companies will raise there rates to compete for the profit. Every aspect of your life is going to change. Industry will close the doors. Jobs will be lost and people will lose there homes. Cheap energy attracts industry. I know of two truck drivers at this time looking to get out of the business because it cost them to much for fuel, no ones buying there trucks. Who would. This is the big squeeze folks, you know it had to come with the partnerships between the oil companies and the Saudis and everyone else who sells oil. They can get the money so they raise there rates, in that I am sure the oil companies are hiding a few bucks under there beds.
For Exxon to pay 30 bill in taxes you can imagine how much they actually pull in, and with tax shelters and off shore investments it hardly seems Exxon pays enough. CEOs who make more than a small country are a tax right off, wages to the employees too. But I can assure you, one CEO will make more than a thousand employees. With there profits I am sure they can handle 30 bill in taxes, I have a hard time with 8,000 in taxes. Well one thing I know is that I earned my money. | |
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| god bless the oil companies.
Posted: 7/1/2008 12:00:02 PM | Avoid building new refineries 
There been no new refineries In the US for over 29 years.
If you really check it out. You will find that the enviromentalist have more to do with it than the oil companies.
http://www.corpwatch.org/article.php?id=12227
US: No New Refineries in 29 Years
by Jad Mouawad, New York Times
May 9th, 2005
About 100 miles southwest of Phoenix, in a remote patch off Interstate 8, Glenn McGinnis is seeking to do something that has not been done for 29 years in the United States. He is trying to build an oil refinery.
Part of his job is to persuade local officials and residents to allow a 150,000-barrel-a-day refinery in their backyard - no small task. Another is to find investors ready to risk $2.5 billion in a volatile industry. So far, the effort has consumed six years and $30 million, with precious little to show for it.
http://www.economistblog.com/2008/06/03/no-new-oil-refineries-since-1976/
A new oil refinery has not been built in the United States since 1976. During that time, our gasoline use has increased over 25%. The nation’s 149 existing refineries have been running at maximum capacity trying to meet record demand and, as a result, not only do we import oil, we actually have to import 10% of our daily gasoline from refineries overseas.
There are plans for 2 new refineries
http://www.purchasing.com/article/CA6452329.html
New oil refinery planned in Midwest U.S. Texas firm plans first new refinery in 30 years using Canadian oil sands By Dave Hannon -- Purchasing, 6/15/2007 5  00 AM Plans for the first new oil refinery in the U.S. in more than 30 years are underway. Hyperion Resources plans to build an $8 billion oil refinery in the Midwest which will refine crude from the Canadian oil sands in Alberta to feed the U.S. market, the company said. Arizona Clean Fuels Yuma, a Phoenix company, has been planning a refinery in Arizona since 1989. It plans to break ground on that project next year.” | |
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| god bless the oil companies.
Posted: 7/1/2008 12:09:54 PM | we spend that in iraq in 2.5 months.....
we both know that is a total waste of money.
I'm greedy too!!! Yep, the oil companies should take over the country because when you get right down to it, they basically humanitarians. No wait, then they'd have to govern with the best interests of everyone so that wouldn't work. Maybe they could gradually avoid building new refineries so when it's crunch time they'll make more money than god. Nope, check that one off the list already. I'm not sure what to do but like you op I'm thrilled with how oil companies do business. Lets hear it for $7 a gallon!!
I have no idea what point you are trying to get across. perhaps you should learn that their profit margins haven't gone up. they actually went down in the last couple of years. many other things are to blame for the high prices, you just find the convenient scapegoat. sadly typical.
Do I hear an applause for Exxon. Come on folks lets give it away for Exxon.
If Gas remains the same as it is now, people will start to quit working, they couldn't afford to go to work if they commute. food prices will sore out of control, the other energy companies will raise there rates to compete for the profit. Every aspect of your life is going to change. Industry will close the doors. Jobs will be lost and people will lose there homes. Cheap energy attracts industry. I know of two truck drivers at this time looking to get out of the business because it cost them to much for fuel, no ones buying there trucks. Who would. This is the big squeeze folks, you know it had to come with the partnerships between the oil companies and the Saudis and everyone else who sells oil. They can get the money so they raise there rates, in that I am sure the oil companies are hiding a few bucks under there beds.
For Exxon to pay 30 bill in taxes you can imagine how much they actually pull in, and with tax shelters and off shore investments it hardly seems Exxon pays enough. CEOs who make more than a small country are a tax right off, wages to the employees too. But I can assure you, one CEO will make more than a thousand employees. With there profits I am sure they can handle 30 bill in taxes, I have a hard time with 8,000 in taxes. Well one thing I know is that I earned my money.
yes, you hear applause for exxon. they provide more revenue than the entire bottom 50% of tax payers.
http://seekingalpha.com/article/63131-exxon-s-2007-tax-bill-30-billion
exxon pays $30 billion in taxes and they profit $40 billion. check out the link. I am really confused by your post. the value of the dollar has a lot to do with the cost of gas, and the cost of food. you predict people will lose their jobs and their homes????? WTF? how about personal responsibility and self control. moderate your oil consumption. people still can't get the concept of supply and demand. if you want the oil companies to make less money, stop using so much oil. that's something they will hear. but it's much easier to just blame the oil companies than it is to make personal sacrifice.
oh, and p.s. companies will raise their prices to compete for profits? jesus christ! companies lower costs to compete for business. that's how it works. where did you get the raise prices to compete for profits BS? I guess that's why people shop at wal mart, it's the super high prices. | |
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| god bless the oil companies.
Posted: 7/1/2008 12:10:24 PM | | Millions of 401 k's and retirement programs are invested in big oil! This is what so many don't understand, when you go after big oil you go after the little guy, his assets and retirement programs! if big oil goes out of business their execs will retire as millionares the little guys who are vested lose everything! | |
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| god bless the oil companies.
Posted: 7/1/2008 12:53:13 PM | In that case you guys must be happy when gas prices go up and the higher the better since it trickles back down to us in the form of...lower taxes?....lower food prices?...hooh boy.....rebates?....help me out....oh, 401Ks. Thank god. Hey, next time you do your taxes, send uncle Sam an extra 20% because the more you pay the better for the rest of us. That's assuming taxes are good and according to your opening post they are, right? And when Dems undo Duhbya's tax cuts you'll be for that too, right? Or will you start another thread b*tching about it.
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| god bless the oil companies.
Posted: 7/1/2008 1:07:41 PM | .... well McSame seems to be doing well from the trickle down from big oil....
John McCain, His Big Oil Lobbyists, and His Big Oil Policies
Progressive Media USA Research
PUBLISHED: June 16, 2008
http://mccainsource.com/corruption?id=0014
"I will oppose any tax breaks or good deals for the gas and oil industry also."
--John McCain at a town hall meeting in Rindge, NH, 11/18/07
McCain Donations from Big Oil
Oil and Gas Campaign Contributions: McCain has Taken At Least $1,069,854 from the Oil & Gas Industry. According to a Campaign Money Watch analysis of campaign finance data provided by the nonpartisan Center for Responsive Politics Center, John McCain has accepted at least $1,069,854 from the oil and gas industry since 1989. [Center for Responsive Politics via Campaign Money Watch]
At Least 22 Top McCain Advisers & Fundraisers Have Lobbied For Big Oil
John McCain has at least 22 people working for his campaign, either as top fundraisers or as senior campaign staff, that have lobbied for Big Oil.
1 Rebecca Anderson Women for McCain Steering Committee Williams & Jensen Sunoco
2 Wayne Berman National Finance Co-Chairman Ogilvy Government Relations Amerada Hess Chevron Texaco American Petroleum Institute
3 Charlie Black Senior Political Adviser BKSH Occidental Petroleum Corp. Yukos Oil Chinese National Off-Shore Oil Corp.
4 Carlos Bonilla* Economic Adviser Washington Group Chesapeake Energy
5 Eric Burgeson** Fundraiser Barbour Griffith & Rogers BP
6 Kerry Cammack Fundraiser Cammack and Strong Exxon Mobil
7 Frank Donatelli McCain Pick as Deputy RNC Chair McGuire Woods Exxon Mobil Dominion Resources
8 Melissa Edwards Fundraiser Washington Group Chesapeake Energy
9 John Green Congressional Liaison Ogilvy Government Relations Amerada-Hess Chevon Texaco El Paso Energy American Petroleum Institute
10 Robert Harding Fundraiser Greenberg Traurig Chevron Murphy Oil Phillips Petroleum Company***
11 Richard Hohlt Fundraiser Hohlt and Associates Chevron
12 James "Jim" Hyland Fundraiser Pennsylvania Avenue Group BP America Independent Fuel Terminal Operators Assoc. Occidental Petroleum Corp. Independent Fuel Terminal Operators Assoc.
13 Peter Madigan Fundraiser Johnson, Madigan, Peck, Boland & Stewart Shell Oil
14 Susan Molinari Women for McCain Steering Committee Washington Group Chesapeake Energy
15 Jack Oliver Fundraiser Bryan Cave Strategies Shell Oil
16 Nancy Pfotenhauer Adviser Koch Industries Koch Industries
17 Steve Phillips Fundraiser DLA Piper BP America Occidental Petroleum
18 Elise Pickering Women for McCain Steering Committee Mehlman Vogel Castagnetti Koch Industries
19 Sloan Rappoport Fundraiser Downey McGrath Group Koch Industries
20 Matt Salmon Fundraiser Greenberg Traurig El Paso Energy
21 Randy Scheunemann Defense and Foreign Policy Coordinator Scheunemann and Associates BP Amoco
22 Jeffrey Weiss Fundraiser BKSH Yukos Oil Company
[Senate Lobbying Disclosure Database] | |
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| god bless the oil companies.
Posted: 7/1/2008 1:10:36 PM | .... but wait, there's more (same source)
McCain Voted Against Reducing Dependence On Foreign Oil. In 2005, McCain voted against legislation calling on the President to submit a plan to reduce foreign petroleum imports by 40 percent. [Senate Roll Call Vote #140, 6/16/05]
McCain's Tax Plan Gives Top Five Oil Companies $3.8 Billion A Year In Tax Breaks. According to a study conducted by the Center for American Progress, "The McCain plan would deliver approximately $170 billion a year in tax cuts to corporations, including some corporations that are very large and profitable. Just one of the proposals-cutting the corporate rate from 35 percent to 25 percent-would cut taxes for five largest U.S. oil companies by $3.8 billion a year." [Center for American Progress, 3/27/08]
McCain Voted Against Reducing Dependence On Foreign Oil. In 2005, McCain voted against legislation calling on the President to submit a plan to reduce foreign petroleum imports by 40 percent. [Senate Roll Call Vote #140, 6/16/05]
In 2005, McCain Voted Against a Windfall Profit Tax on Oil Companies At Least Twice. McCain voted against a measure that would have provided an income tax rebate to Americans by taxing enormous oil company profits temporarily on an sale of crude above $40 a barrel. [S 2020, Vote #331, 11/17/05; S 2020, Vote # 341, 11/17/05; Houston Chronicle, 11/17/05; Las Vegas Review-Journal, 11/18/05; Environment and Energy Daily¸ 11/18/05]
McCain Voted Against Taxing Oil Companies To Provide $100 Rebate To Consumers. In 2005, McCain voted against an amendment to impose a temporary tax on oil company profits from the sale of crude oil. The funds would be used to provide every taxpayer with a $100 non-refundable tax credit for 2005 for each person in their household. The amendment failed 33-65. [S 2020, Vote #341, 11/17/05]
McCain Voted Against Temporarily Taxing Oil Companies to Finance Tax Rebate For Consumers. In 2005, McCain voted against an amendment to would impose a temporary 50 percent tax on oil company profits from the sale of crude oil. Funds collected from the tax would be used to provide a consumer tax credit for petroleum products. The amendment failed 35-64. [S 2020, Vote #331, 11/17/05]
Offshore Drilling
McCain Now: McCain Called For Lifting The Off Shore Drilling Moratorium. During a press availability in Arlington Virginia, John McCain called for a lifting of the federal moratorium on offshore drilling. McCain said, "I think that's a subject of negotiation and discussion. But right now, as you know there's a moratorium. And those moratorium, in my view, moratoria, have to be lifted. And they have to be lifted so that states can make those decisions. I'm not dictating to the states that they drill or they engage in oil exploration. I am saying that the moratoria should be lifted so they have the opportunity to do so. And by the way, I would also like to see perhaps additional incentives if the states, in the form of tangible financial rewards if the states decide to lift those moratoria." [McCain Press Avail 6/16/07]
* Houston Chronicle: McCain Announced Drilling Stance To "Make Amends With Texas Energy Producers." The Houston Chronicle Reported, "Republican presidential candidate John McCain, seeking to make amends with Texas energy producers who did not support him during the 2008 GOP primary season, said Monday he wants to end a federal moratorium on offshore drilling and create "additional incentives" for states to approve new exploration ventures." [Houston Chronicle, 6/17/08]
McCain Said Coasts "Should Be Open To Exploration and Exploitation." John McCain said, "So I do believe that there are places in the world, as I said, that we should not drill. But I certainly think there are areas off our coasts that should be open to exploration and exploitation. And I hope that we can take the first step, by lifting the moratoria in order to do so." [McCain Press Avail 6/16/07]
McCain Then: He Opposed Off-Shore Drilling At Least Three Times, and Twice Supported Florida Efforts To Prevent Drilling Off Their Coasts.
* McCain Voted Against Off-Shore Drilling. In 2005, McCain voted for an amendment that would strike language instructing the Interior Department to conduct a comprehensive inventory of Outer Continental Shelf oil and natural gas resources. The amendment failed 44-52. [H.R. 6, Vote #143, 6/21/2005]
* McCain Voted Against Off-Shore Drilling. In 2003, McCain voted against a provision requiring a survey and inventory of possible off-shore oil and natural gas deposits by the Secretary of the Interior. He voted for an amendment striking the provision. The amendment failed 45-53. [S. 14, Vote #221, 6/12/2003]
* McCain Voted for One-Year Moratorium on Oil and Gas Exploration in North Aleutian Basin. In 1989, McCain voted for a bill making appropriations for the Department of the Interior and related agencies for the fiscal year ending September 30, 1990, and for other purposes. The bill contained a total of $956.4 million for the Bureau of Land Management of which $442.1 million is for management of lands and resources; $535.5 million for the Fish and Wildlife Service. The bill also imposed a one-year moratorium on oil and gas exploration and development in the North Aleutian Basin and ensured that the Department of the Interior will continue its assessment of damage from the Exxon Valdex oil spill through September 30, 1990. The bill also contained $1.5 billion for the Department of Energy, which includes $422.1 million for the fossil energy research program; $192.1 million for the Naval Petroleum and Oil Shale Reserves; $413.3 million for energy conservation. The bill passed 91-6. [H.R. 2788, Vote #241, 10/7/1989]
McSame As Bush: Bush Administration Called For End To Off Shore Drilling Ban. The New York Times reported, "The Bush administration proposed on Monday leasing out millions of acres along the coasts of Alaska and Virginia to oil and gas drillers, a move that would end a longstanding ban on drilling in those environmentally sensitive areas. ... ‘The outer continental shelf is a vital source of domestic oil and natural gas for America, especially in light of sharply rising energy prices,' said Dirk Kempthorne, secretary of the interior." [New York Times, 5/1/07]
Renewable Energy
McCain Flip Flopped On Ethanol
FLIP: McCain Said Ethanol "Has Absolutely, Under No Circumstances, Any Value Whatsoever." According to Roll Call, "John McCain, R-Ariz., called ethanol "a product that we have created a market for which has absolutely, under no circumstances, any value whatsoever except to corn producers and Archer Daniels Midland and other large agribusinesses." [Roll Call, 5/2/04]
* FLOP: McCain Said Ethanol "Ought To Be Something That Ought To Be Carefully Examined." According to the Des Moines Register, McCain "indicate[d] a slight softening of his earlier opposition to the corn-based alternative fuel, which he said in the past was too costly to produce." McCain "who once described ethanol as ‘good for neither the environment nor the consumer,' said that rising oil costs make the alternative fuel worthy of another look.'" "McCain emphasized ... that his opposition to subsidies hasn't changed, and said that economics, not politics, explains his revised position. ‘I think it ought to be something that ought to be carefully examined' and researched, he added." [Des Moines Register, 4/13/06, 4/14/06] | |
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| god bless the oil companies.
Posted: 7/1/2008 1:14:29 PM |
In order me to respond to a post I have the need for it to make sense...
Take your time. There's no hurry. Maybe get a kid to sit down with you and go over everything. Then tomorrow you can think up something to say.
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| god bless the oil companies.
Posted: 7/1/2008 4:14:00 PM | OP,
Your post is misleading.
The taxes that Exxon pays is their global taxes, not US taxes. Using your methodology their US taxes is more like 10-15%. I would vote for that!! Can i have that deal? I'm sure the majority of their business is the US market.
Not to mention the millions in government subsidies they enjoy. Why does the most profitable company in the US need extremely discounted landleases and discounted royalty payments when they don't pass this taxpayer granted savings along to us? | |
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| god bless the oil companies.
Posted: 7/1/2008 4:32:49 PM |
Your post is misleading.
The taxes that Exxon pays is their global taxes, not US taxes.
Owned. | |
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| god bless the oil companies.
Posted: 7/1/2008 4:54:15 PM | Exxon paid an effective tax rate of 34% to the U.S. government in 2007, or $5.12 billion.
Why don't we have the same tax rate as Russia? 90%?
The US gave them $17 billion in tax breaks.....
From 2003 to 2007, Exxon's earnings grew by 89%, while income taxes grew by 170%. Much of that growth was overseas. Oil-producing countries charge companies like Exxon dearly to dig for oil. Arrangements vary from country to country, but Russia and Libya charge companies up to 90% of the revenues they collect for extracting oil, according to Fadel Gheit, senior analyst for Oppenheimer (OPY). These arrangements—whether production share agreements or royalty contracts—are not disclosed by companies and governments.
In tax terms, the U.S. government is kinder to oil companies. According to Securities & Exchange Commission filings, Exxon paid an effective tax rate of 34% to the U.S. government in 2007, or $5.12 billion.
Industry-Specific Tax Breaks
However, Exxon's critics point out that its stated tax rate doesn't reflect a number of deductions and tax breaks that are afforded the oil and gas industry in the U.S. Erich Pica, a spokesman for the environmental group Friends of the Earth, says the U.S. federal tax code contains more than $17 billion in breaks to benefit the oil and gas industry for fiscal years 2007-11.
That $17 billion is made up mainly of tax breaks newly offered or extended in the Energy Policy Act of 2005, including a "percentage depletion allowance" that allows oil companies to deduct 15% of their sales revenue, to reflect the declining value of their investment, and 70% of their drilling costs.
Additionally, oil and gas companies pay reduced royalty fees on products they recover from federally owned waters, which Pica says could cost taxpayers $65 billion over five years
http://www.businessweek.com/bwdaily/dnflash/content/may2008/db2008051_596535.htm?chan=rss_topEmailedStories_ssi_5
Refineries are running at 85% not 100%.
Demand is going down. How many investors are lined up to put $2.5 billion in a refinery that is not needed???
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| god bless the oil companies.
Posted: 7/1/2008 5:04:41 PM | OP,
Your post is misleading.
The taxes that Exxon pays is their global taxes, not US taxes. Using your methodology their US taxes is more like 10-15%. I would vote for that!! Can i have that deal? I'm sure the majority of their business is the US market.
Not to mention the millions in government subsidies they enjoy. Why does the most profitable company in the US need extremely discounted landleases and discounted royalty payments when they don't pass this taxpayer granted savings along to us?
I thought I was pretty clear when I said:
I guess that I am the only one who sees the irony in the fact that the ones who GIVE THE MOST are being called GREEDY by the ones who GIVE THE LEAST.
have you never heard the phrases "don't bit the hand that feeds you," or "beggars can't be choosers?" think about those phrases. oil companies provide a good and a service, and as a result, the government takes in a TON of money from them. why are people crying? their profit margin is rather small when compared to other large companies. go ahead, jack their taxes up as far as you can and watch as prices skyrocket, and watch them take all their jobs to other countries. I guess that would be a better solution than just being grateful that the oil companies produce more for america than the bottom 50%. we always hear about the evil top 2%. I have heard so much whining, that at this point, I wish the top 2% would move to other countries. let the bottom feeders fend for themselves. got another phrase for ya, "I give ya an inch, you take a mile."
Owned
canadian. | |
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| god bless the oil companies.
Posted: 7/1/2008 6:00:17 PM | | ... one thing i'm wondering, if they are so good to us why are they making record profits? i mean doesn't it seem strange that if the price of crude is going up that profits should remain the same if all they are doing is adjusting the price to meet the price of the cost of crude? is this just way too simplistic? | |
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| god bless the oil companies.
Posted: 7/1/2008 6:48:32 PM |
... one thing i'm wondering, if they are so good to us why are they making record profits? i mean doesn't it seem strange that if the price of crude is going up that profits should remain the same if all they are doing is adjusting the price to meet the price of the cost of crude? is this just way too simplistic?
nah crash. the profit margin has actually gone down in the last few years. they are making record profits because the value of our dollar has gone down. we are bidding in a global market. we bid with the yen, we bid with the euro. we can't compete. our debt is horrible and our dollar is worth nothing. oil companies have a profit margin of about 10%. 10% of $100 is $10. 10% of $200 is $20. that is why profits have gone up. the solution is less consumption. it's up to the consumers. in the meantime, I think we should be happy with the oil companies because the provide us with a lot of revenue. revenue that goes to pay for a lot of what we consume. | |
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| god bless the oil companies.
Posted: 7/2/2008 1:41:54 PM |
canadian.
Actually that saying is not really Canadian, but whatever works.
And I am sorry but I am not buying into this "the big oil companies are the good guys" thing.
You state that maybe they should go elsewhere with their $$.
Fair enough. That means they no longer can sell in the North American market then.
At this point our governments could takeover the oil fields / tar sands and the populuce would own the oil, we could sell it to ourselves @ cost, and cut the oil companies and the rest of the world right out of the loop. Canada alone has enough oil in the tar sands to supply North America for a very long time. North America could own and supply its own oil. Works for me.
They might pay a lot back in taxes, but they are also getting rich off of us, the consumers. Without the North American Market they have nothing. I don't really care if they pay a lot of tax, they should. Its a finite resource they are sucking out of the ground that in reality does not even belong to anyone, its a natural resource from mother earth. | |
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| god bless the oil companies.
Posted: 7/3/2008 10:13:45 AM | | It looks like an oil company from Texas, Hunt Oil, owned by a buddy of George Bush, wasn't only blessed by God, it also had the blessing of the USG, and specifically a lot of help by officials of the State Department in securing a no-bid contract in Iraq. | |
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| god bless the oil companies.
Posted: 7/3/2008 10:24:13 AM |
I guess that I am the only one who sees the irony in the fact that the ones who GIVE THE MOST are being called GREEDY by the ones who GIVE THE LEAST. It does appear that the Oil companies are not Greedy at all...they are paying their fair share and probably more on top of that.. I'm concerned that if we place more of a tax burden on Oil companies they will in turn be hurting the consumer as someone else has mentioned. | |
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| god bless the oil companies.
Posted: 7/3/2008 10:43:27 AM | | If you give me private ownership of a natural resource, I will gladly pay double what they have paid in taxes. Then God could bless me that much more. | |
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| god bless the oil companies.
Posted: 7/3/2008 11:34:49 AM |
It does appear that the Oil companies are not Greedy at all...they are paying their fair share and probably more on top of that.. I'm concerned that if we place more of a tax burden on Oil companies they will in turn be hurting the consumer as someone else has mentioned.
Simple accounting would tell you after expenses, the oil companies profits are taxed accordingly.
However a more proper way to report the accounting would be to list the expenses...
Like executives that get 37 million a year and lobbyists that get millions to splurge on congressmen and senators to allow for corruption. | |
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