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Old February 28th, 2008, 07:07 AM   #1
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Default Dem's pass oil company tax hike! Way to show those oil companies!

Kinda like the minimum wage hikes, it doesn't do anything but raise the cost of living. Idiots.

$4.00 a gallon, here we come!


http://news.yahoo.com/s/ap/20080228/...e/energy_taxes
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Old February 28th, 2008, 07:25 AM   #2
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I think if the tax revenues actually go to fund alternative energy it'll be sweet.

What is not-so-sweet will be the additional aid programs to help the impovershed afford gasoline to get to their minimum wage paying jobs.
The net burden will again fall on the shoulders of the middle class.

I guess it'll be worth it this summer - maybe the roads won't be so busy.
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Old February 28th, 2008, 08:13 AM   #3
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Congress = smrt




I think I'm going to move into my sisters house this summer, she lives 3 blocks away from where I work, my parents live about 4 miles away. Then I can just walk to work
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Old March 2nd, 2008, 12:03 PM   #4
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So someone explain to me again why this will cause the price to go up?

All this time we've been told that the price for gas was based on supply and demand. That it is priced such that the supply and demand are equal, and if theres some disruption in supply, or increase in demand that the price will go up, and if we wanted the price to go down we should just stop using so much. And we've been told that it's not the oil companies fault that the "supply and demand" price results in huge profits. So now they want to increase the tax that the oil companies pay. This doesn't change the supply, doesn't change the demand, so it shouldn't change the price, right?
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Old March 2nd, 2008, 12:19 PM   #5
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I used to drive diesel everything (car, pick-up, tractor, grain truck). The cost of diesel has become so disproportionate with gas that I got rid of my diesel Mercedes and picked up a little gasser Honda. I might have to get rid of the pick-up next. It's a 6.2 so its no torque monster and it gets about 12-14 mpg hauling a trailer. I could drive a gasser pick-up getting 10 mpg and it would cost less per mile and have more power.
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Old March 2nd, 2008, 02:16 PM   #6
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Originally Posted by brewmenn View Post
So someone explain to me again why this will cause the price to go up?

All this time we've been told that the price for gas was based on supply and demand. That it is priced such that the supply and demand are equal, and if theres some disruption in supply, or increase in demand that the price will go up, and if we wanted the price to go down we should just stop using so much. And we've been told that it's not the oil companies fault that the "supply and demand" price results in huge profits. So now they want to increase the tax that the oil companies pay. This doesn't change the supply, doesn't change the demand, so it shouldn't change the price, right?
the oil companies aren't going to eat the tax hikes out of their profits... they'll pass the hike on to the consumer by raising prices to accommodate the difference.
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Old March 2nd, 2008, 02:16 PM   #7
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Originally Posted by brewmenn View Post
So someone explain to me again why this will cause the price to go up?

All this time we've been told that the price for gas was based on supply and demand. That it is priced such that the supply and demand are equal, and if theres some disruption in supply, or increase in demand that the price will go up, and if we wanted the price to go down we should just stop using so much. And we've been told that it's not the oil companies fault that the "supply and demand" price results in huge profits. So now they want to increase the tax that the oil companies pay. This doesn't change the supply, doesn't change the demand, so it shouldn't change the price, right?
It will (at least for the time being) lead to higher gas prices because the oil companies will pass the tax onto the consumer.

The tax revenue will be redirected towards alternative energy research. (which should provide more alternative energy options in the future, thereby lowering the demand for oil, thereby lowering the longterm price of oil.)

The bill will also remove a couple tax breaks that the oil companies receive right now since they made a whopping $123 billion last year!

It's not likely to get passed anyways. The Senate has to pass it and even if that happens Pres. Bush (the best friend Big Oil has) has already vowed to veto it.
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Old March 2nd, 2008, 08:36 PM   #8
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It will (at least for the time being) lead to higher gas prices because the oil companies will pass the tax onto the consumer.
But if price was truly set by supply and demand, if they increase the price demand will go down and there should be a surplus and the price should go back down.
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Old March 2nd, 2008, 08:40 PM   #9
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But if price was truly set by supply and demand, if they increase the price demand will go down and there should be a surplus and the price should go back down.
For most other products, you will find this to be true, not so much for gasoline. even if the demand drops, it will be insignificant, because the demand will always be great, and when it does, the price will decrease, which would influence more to buy, it will just constantly have a yo-yo effect if you will.
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Old March 3rd, 2008, 11:30 AM   #10
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Quote:
Originally Posted by 94YJ View Post
It will (at least for the time being) lead to higher gas prices because the oil companies will pass the tax onto the consumer.

The tax revenue will be redirected towards alternative energy research. (which should provide more alternative energy options in the future, thereby lowering the demand for oil, thereby lowering the longterm price of oil.)

The bill will also remove a couple tax breaks that the oil companies receive right now since they made a whopping $123 billion last year!

It's not likely to get passed anyways. The Senate has to pass it and even if that happens Pres. Bush (the best friend Big Oil has) has already vowed to veto it.
You're right it will never make it out of the Senate.

Still let's look at the truth here......

profit margins:

Oil industry: 7.6 %
All U.S. manufacturing 5.8 %
All U.S. manufacturing - Auto Industry 9.2 %

Not what I'd say is a "whopping" profit.

The current "tax breaks" that they want to repeal, don't help to the oil companies, they help the people. That money comes out of your pocket.

Repealing a tax break is just another way of saying "raising your taxes", only it's much more P.C.

All the taxes levied on the oil companies are really a tax on the people, the consumer-YOU. It true of all taxes.

The House Democrats want you to use less oil so they raise the tax on it and you pay it, it's control. They want to control how much oil you are consuming. You have no option whether to pay the tax or not. If you can't afford the higher tax bill you will change your behavior, until then the government will be happy to take more of your money and spend it as they see fit.

This isn't Freedom.

VETO! See, Bush is still good for something.


All of this is just another reason to support the Fairtax bill.
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Old March 3rd, 2008, 12:40 PM   #11
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For most other products, you will find this to be true, not so much for gasoline. even if the demand drops, it will be insignificant, because the demand will always be great, and when it does, the price will decrease, which would influence more to buy, it will just constantly have a yo-yo effect if you will.
Yes, gas essentially has a fixed demand. Supply and demand breaks when demand is fixed. Many economic principles make sense and work in a very simplified system, but only roughly apply to the real world (a very complex system).
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Old March 10th, 2008, 02:20 PM   #12
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$4.00 a gallon, here we come!
welp, it didnt take long..... I paid $3.99 for diesel this morning, I didnt have the will power to put more than $20 in.
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Old March 10th, 2008, 02:31 PM   #13
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Originally Posted by brewmenn View Post
So someone explain to me again why this will cause the price to go up?

All this time we've been told that the price for gas was based on supply and demand. That it is priced such that the supply and demand are equal, and if theres some disruption in supply, or increase in demand that the price will go up, and if we wanted the price to go down we should just stop using so much. And we've been told that it's not the oil companies fault that the "supply and demand" price results in huge profits. So now they want to increase the tax that the oil companies pay. This doesn't change the supply, doesn't change the demand, so it shouldn't change the price, right?
The problem is the price is now adjusted by the futures market that reacts to fear of supply, and no longer the actual demand.
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Old March 10th, 2008, 02:35 PM   #14
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The problem is the price is now adjusted by the futures market that reacts to fear of supply, and no longer the actual demand.
Its also based on the strength of the US Dollar, because Oil is traded in Dollars.


so as the value of the dollar falls, the price of Crude oil raises.


That is why they say gas prices will go to 4.00 now, its not so much a supply and demand thing, but rather the American Dollar sucks ass right now.
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Old March 10th, 2008, 02:51 PM   #15
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There is too much accuracy and obvious truth in this thread, not enough conspiracy and innuendo. Im not sure what to do about it.
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Old March 10th, 2008, 02:57 PM   #16
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There is too much accuracy and obvious truth in this thread, not enough conspiracy and innuendo. Im not sure what to do about it.
Americans drive fat overweight cars that get horrible fuel economy, and they also live too far away from where they work and shop and waste lots of gas doing this.


there is some more conspiracy for you
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Old March 10th, 2008, 05:45 PM   #17
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If the demmies and greenies didnt force the shutdown of our refineries and opened up parts (not all) of Alaska to oil we could get this 104 a barrel turned around. our dependence on foreign oil is crazy. when we got tons of it sitting right here under our own soil, but greenpeace, demmies, and people living in Seattle wanna preserve our resources, save the rainforest, alll that crap. but why aren't they bitching to the Saudi's? Or Dubai? They'd rather spend $104 a barrel then admit that they can fix that problem by saying they were wrong.

Quick fact: The total carbon footprint of a Jeep Wrangler is less then that of a Toyota Prius. Seriously. Check the research on the manufacturing of the Battery that makes the Prius so great. Here's why:

Quote:
Building a Toyota Prius causes more environmental damage than a Hummer that is on the road for three times longer than a Prius. As already noted, the Prius is partly driven by a battery which contains nickel. The nickel is mined and smelted at a plant in Sudbury, Ontario. This plant has caused so much environmental damage to the surrounding environment that NASA has used the ‘dead zone’ around the plant to test moon rovers. The area around the plant is devoid of any life for miles.
Think of that next time you see a Prius.
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Old March 10th, 2008, 06:17 PM   #18
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Have the mighty we watch out for the average joe unions step in. How fast do you think diesel would fall if every teamster driven vehicle was parked tommorrow? How about if every operating engineer ran piece of equipment was parked, or ever gas and diesel piece of equipment or vehicle operated by a uwa worker was parked. How about the airline unions?
Make sure you support your bloodsucking unions.
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Old March 10th, 2008, 10:46 PM   #19
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one more nail in the coffin before the uprising. all the political ass monkeys are determined to run our country and it's economy right into the ground and they could care less.
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Old March 10th, 2008, 11:32 PM   #20
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Have the mighty we watch out for the average joe unions step in. How fast do you think diesel would fall if every teamster driven vehicle was parked tommorrow? How about if every operating engineer ran piece of equipment was parked, or ever gas and diesel piece of equipment or vehicle operated by a uwa worker was parked. How about the airline unions?
Make sure you support your bloodsucking unions.
You should start an e-mail telling people not to fill up on a certain day to screw the oil companies.
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