Oil Prices And Gas, When Do You Stop

[mkemse]

Abolish taxes, abolish s-o-c-i-a-l-i-s-t policies in government, abolish fiat money systems.

Problem solved.

The only problem with that is if the Oil Companie loose thier tax breaks or get hit with a Windfall Profits tax, what is to stop them from raising the price of Gas up even more to make up for the lost revenue
The Government is considering less Tax breaks for Farmers, what about Oil Companies that Quarterly HAVE 19.5 billion in profits, let them or make them usae this profit to develop more alternative fuels, more refineries, locates and drill for more oil, if the Governement can do this to Farmers, why not to oil Companies, very simple Halliburton - Dick Chaney (former Pres & CEO of Haliburton) and George Bush, a Major Oil Co. investor (OIl Where most of his wealth has come from)

[ObjectivistActivist]

The only problem with that is if the Oil Companie loose thier tax breaks or get hit with a Windfall Profits tax, what is to stop them from raising the price of Gas up even more to make up for the lost revenue
The Government is considering less Tax breaks for Farmers, what about Oil Companies that Quarterly HAVE 19.5 billion in profits, let them or make them usae this profit to develop more alternative fuels, more refineries, locates and drill for more oil, if the Governement can do this to Farmers, why not to oil Companies, very simple Halliburton - Dick Chaney (former Pres & CEO of Haliburton) and George Bush, a Major Oil Co. investor (OIl Where most of his wealth has come from)

First, you seem to be confusing the term "abolish" with "increase." Abolish means remove entirely. Therefore, no taxation on anything, let alone oil products/producers.

Second, no government has the right to "make someone" do anything with their profits. The someone could hoard their money, spend it frivolously, or burn it in pyres and the government has no right to say which of the three is right or wrong. Business and government are properly seperated, as are church and government.

Third, are you refering to GWB, or GB Sr.? Because GWB LOST a lot of money in oil because he's incompetent, he didn't make a lot.

[mkemse]

First, you seem to be confusing the term "abolish" with "increase." Abolish means remove entirely. Therefore, no taxation on anything, let alone oil products/producers.

Second, no government has the right to "make someone" do anything with their profits. The someone could hoard their money, spend it frivolously, or burn it in pyres and the government has no right to say which of the three is right or wrong. Business and government are properly seperated, as are church and government.

Third, are you refering to GWB, or GB Sr.? Because GWB LOST a lot of money in oil because he's incompetent, he didn't make a lot.

2nd: Yes, The Governement can Force the Oil Companies to do something, they can hitthem where it hurts, their Profits, they can Take Away their Yearly Subsidies and hit them with a Windfall Profits Tax, that might "Motivate" them to use thier profits for exploration, develop ect
and use the Tax thier Winfall Profits to reinburse Americans

3rd: The Current GWB, he may have lost alot in his oil investments, but I hardly see either The Current GWB or Sr. struggling to buy gas. Food, Medication ect for themselves or their families

Also, When Clinton Left Office in 2001, Oil was $32.19 cents a Barrel, it is not $125+, that is a 450% price increase in 7 years, a Commidities Broker was on CNN the other night and said in his 35 years of trading he has neverseem any comodity go up 450% in 7 years, it is un heard of, and i can notthink of anything we use daily that hasgone up 450% in 7 years??

19.5 BILLION in profits for most Oil Companies in 4 months is beyond obscence, that translate to about $3.80 a gallon. they say oil costs them more, fine if it costs them more how do they explain the largest quartly profits over 2 years of ANY corportation on earth, they pay more for oil, sure, but they also profit by Billions every quarter, why????

[ObjectivistActivist]

2nd: Yes, The Governement can Force the Oil Companies to do something, they can hitthem where it hurts, their Profits, they can Take Away their Yearly Subsidies and hit them with a Windfall Profits Tax, that might "Motivate" them to use thier profits for exploration, develop ect
and use the Tax thier Winfall Profits to reinburse Americans

3rd: The Current GWB, he may have lost alot in his oil investments, but I hardly see either The Current GWB or Sr. struggling to buy gas. Food, Medication ect for themselves or their families

Also, When Clinton Left Office in 2001, Oil was $32.19 cents a Barrel, it is not $125+, that is a 450% price increase in 7 years, a Commidities Broker was on CNN the other night and said in his 35 years of trading he has neverseem any comodity go up 450% in 7 years, it is un heard of, and i can notthink of anything we use daily that hasgone up 450% in 7 years??

19.5 BILLION in profits for most Oil Companies in 4 months is beyond obscence, that translate to about $3.80 a gallon. they say oil costs them more, fine if it costs them more how do they explain the largest quartly profits over 2 years of ANY corportation on earth, they pay more for oil, sure, but they also profit by Billions every quarter, why????

It's called supply and demand. Limited and "dwindling" supply vs yearly increases to demand. It's not the oil companies' fault that more people use oil every year than the year before.

And "can" does not translate to "have the right to."

I'm done arguing with you.

[mkemse]

It's called supply and demand. Limited and "dwindling" supply vs yearly increases to demand. It's not the oil companies' fault that more people use oil every year than the year before.

And "can" does not translate to "have the right to."

I'm done arguing with you.

just expressing my views i am not arguing
but have a GREAT day anyway