Bush against any bill that would tax the Oil companies...

[insein]

I wholeheartedly agree with him. Any tax on the oil companies won't punish them. It will punish the consumer and make the government more money they didnt earn.

http://www.breitbart.com/news/2006/04/28/D8H93T10B.html

Bush Rejects Tax on Oil Companies' Profits
Apr 28 12:10 PM US/Eastern
Email this story

By JENNIFER LOVEN
Associated Press Writer


WASHINGTON


President Bush on Friday rejected calls in Congress for a tax on oil company profits, saying the industry should reinvest its recent windfalls in finding and producing more energy.

"The temptation in Washington is to tax everything," Bush said in an exchange with reporters in the White House Rose Garden. Rather than for the government to reap the benefit from oil company profits driven by the recent surge in global oil prices, he said, "The answer is for there to be strong re-investment."

"These oil prices are a wakeup call," Bush said. "We're dependent on oil. We need to get off oil."

 

[PsuedoGhost]

If we were to start taxing windfall profits (oil), what kind of message would we be saying about our "free market?" It's not their fault that gasoline is $3/gal in most places in the United States. If you want to blame anyone for this situation, blame the environmentalists who have made it damn near impossible to expand our refining capacity, and the tough relations between the US and Venezuela, Iran, and other Middle Eastern states.

Environmentalism has cost us dearly with the pending energy crises. By making it impossible to build new coal and nuclear power plants, we are starving ourselves and this is the result. Conclusion: Blame Envirofundies.

 

[Avatar4321]

If we were to start taxing windfall profits (oil), what kind of message would we be saying about our "free market?" It's not their fault that gasoline is $3/gal in most places in the United States. If you want to blame anyone for this situation, blame the environmentalists who have made it damn near impossible to expand our refining capacity, and the tough relations between the US and Venezuela, Iran, and other Middle Eastern states.

Environmentalism has cost us dearly with the pending energy crises. By making it impossible to build new coal and nuclear power plants, we are starving ourselves and this is the result. Conclusion: Blame Envirofundies.

Don't be silly. Why would we blame who is actually responsible for the problem? Especially when that will solely point to liberals.

 

[Diuretic]

This is the genius of Adam Smith at work. The price of scarce commodities increases which reduces consumption because most of us can't afford to pay the higher prices. Consumption goes down because it's a discretionary decision.

As for destroying the environment to get more oil. Breathing isn't a discretionary decision, nor is drinking clean water and eating uncontaminated food. Some things are above market forces.

 

[insein]

This is the genius of Adam Smith at work. The price of scarce commodities increases which reduces consumption because most of us can't afford to pay the higher prices. Consumption goes down because it's a discretionary decision.

As for destroying the environment to get more oil. Breathing isn't a discretionary decision, nor is drinking clean water and eating uncontaminated food. Some things are above market forces.

The problem is that this "Scarce" commodity is a neccessity for the economy to work. If the prices soar above the point that people can afford them, they will find it cheaper to NOT goto work. Employers will be making less products due to lack of employees and production as a whole will go down. Meanwhile, Oil will stay high because it is the ONLY commodity in its particular field in this country. There are no ethanol stations on the corner. There is no competition in the field of transportation fuel that can compete with oil. We need to focus on alternatives.

 

[Mr. P]

This is the genius of Adam Smith at work. The price of scarce commodities increases which reduces consumption because most of us can't afford to pay the higher prices. Consumption goes down because it's a discretionary decision.

As for destroying the environment to get more oil. Breathing isn't a discretionary decision, nor is drinking clean water and eating uncontaminated food. Some things are above market forces.

How does, drilling for oil destroy the environment, contaminate food or fresh water?
This claim, is nothing more than the environmentalist mantra.
It was also claimed that the Alaska pipeline would be the end of the line for the animals’ wilderness etc. If fact, with the exception of the Exxon Valdes spill, the pipeline has enhanced the wildlife. Pretty positive effect. IMO.

Anwr is the size of a domino placed on a 12x12 carpet, nuc plants are safe, risks yes, but safe overall. We cannot go back to new coal plants of old, unless we have to.

 

[Diuretic]

The problem is that this "Scarce" commodity is a neccessity for the economy to work. If the prices soar above the point that people can afford them, they will find it cheaper to NOT goto work. Employers will be making less products due to lack of employees and production as a whole will go down. Meanwhile, Oil will stay high because it is the ONLY commodity in its particular field in this country. There are no ethanol stations on the corner. There is no competition in the field of transportation fuel that can compete with oil. We need to focus on alternatives.

Yes, agreed, sums it up pretty well. But you know the price of oil at the moment isn't as high as it was in the first major oil shock back in about 1972. I remember it well. I'd just bought a new sports car just before it happened.