Big Brother to create "reasonable profits board"

[editec]

I think a windfall profits tax on oil companies is bad policy.

It is almost as bad a policy as the oil depletion allowance we've been paying to oil companies for the last 100+ years

 

[Mr. H.]

I think a windfall profits tax on oil companies is bad policy.

It is almost as bad a policy as the oil depletion allowance we've been paying to oil companies for the last 100+ years

Depletion allowance reflects the value of the depreciation of a depletable asset.

There are limits to the depletion allowance and I challenge you to look them up and post them here.

In the U.S. there are nearly 500,000 marginal oil wells that produce an average of 2 barrels of oil per day each. 2 barrels per day. It's not cheap to get that oil to surface, especially for the small companies (who make up the vast majority of producers in this country).

Once again- do some basic research on depletion allowance, post your findings here...

 

[Mr. H.]

...or are you being tongue-in-cheeky?

 

[editec]

I think a windfall profits tax on oil companies is bad policy.

It is almost as bad a policy as the oil depletion allowance we've been paying to oil companies for the last 100+ years

Depletion allowance reflects the value of the depreciation of a depletable asset.

There are limits to the depletion allowance and I challenge you to look them up and post them here.

In the U.S. there are nearly 500,000 marginal oil wells that produce an average of 2 barrels of oil per day each. 2 barrels per day. It's not cheap to get that oil to surface, especially for the small companies (who make up the vast majority of producers in this country).

Once again- do some basic research on depletion allowance, post your findings here...

So you support the taxpayers paying for socialistic benefits for marginal oil well owners?

Shouldn't we allow market forces to decide such things?

 

[Mr. H.]

I think a windfall profits tax on oil companies is bad policy.

It is almost as bad a policy as the oil depletion allowance we've been paying to oil companies for the last 100+ years

Depletion allowance reflects the value of the depreciation of a depletable asset.

There are limits to the depletion allowance and I challenge you to look them up and post them here.

In the U.S. there are nearly 500,000 marginal oil wells that produce an average of 2 barrels of oil per day each. 2 barrels per day. It's not cheap to get that oil to surface, especially for the small companies (who make up the vast majority of producers in this country).

Once again- do some basic research on depletion allowance, post your findings here...

So you support the taxpayers paying for socialistic benefits for marginal oil well owners?

Shouldn't we allow market forces to decide such things?

That answeres my tongue-in-cheek question.
You really are genuinely stupid.

Did you do your homework yet? Do you even know what depletion allowance is, its limitations and restrictions?

Socialistic benefits?

 

[CowboyMcCoy]

The extent that you guys get all butthurt about laws that will never see the light of day is amusing to me.

This isn't about making a law, it's rhetoric.

This is the same as Rangel "trying" to re-instate the draft.

Divisive rhetoric at that. Just take a look at the reactionaries in the thread before they even gave it any substantive, conscious thought.

THOSE LIBERALS!!!



Everyone at once now!

 

[daveman]

The extent that you guys get all butthurt about laws that will never see the light of day is amusing to me.

This isn't about making a law, it's rhetoric.

This is the same as Rangel "trying" to re-instate the draft.

Divisive rhetoric at that. Just take a look at the reactionaries in the thread before they even gave it any substantive, conscious thought.

THOSE LIBERALS!!!



Everyone at once now!

Just because you haven't given it any thought doesn't mean the rest of us haven't.