How would eliminating oil subsidies lower gas prices

whitehall

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Dec 28, 2010
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You gotta wonder if Barry is on the same page as the people of the United States or if he is still behaving like a Nigerian refugee? Obama claims that eliminating tax breaks to the oil industry will result in lower prices at the pumps. How can punishing oil companies result in lower prices? The dirty little secret is that speculators are mostly responsible for running up crude prices. Commodity speculators are like gamblers. They play the odds and the odds are that Obama wants gas prices to rise to punish Americans for their decadent oil consumption and to change the fabric of America. They are no dummies even if the majority of senators are. They will make money even while the president sends the Country down the road to socialism.
 
obama is really really stupid. He believes that oil companies will not raise prices to compensate for the loss of the subsidies. He believes that the money the government gets from the subsidies will be best spent on his green energy programs that have been proven not to work.
 
The Oil companies are making $4 a gallon off us and you want to send them billions of dollars?
 
You gotta wonder if Barry is on the same page as the people of the United States or if he is still behaving like a Nigerian refugee? Obama claims that eliminating tax breaks to the oil industry will result in lower prices at the pumps. How can punishing oil companies result in lower prices? The dirty little secret is that speculators are mostly responsible for running up crude prices. Commodity speculators are like gamblers. They play the odds and the odds are that Obama wants gas prices to rise to punish Americans for their decadent oil consumption and to change the fabric of America. They are no dummies even if the majority of senators are. They will make money even while the president sends the Country down the road to socialism.

I wish you birther idiots would agree on things. Many of your bretheren believe that Obama was born in Kenya.

Yet, you are insisting on Nigeria. Which is it? Kenya or Nigeria?
 
One does not need to be from Nigeria to behave like a Nigerian refugee.

I think he acts more like a Nigerian prince myself. I get letters from Nigerian princes all the time. THey all promise what obama promises.
 
So last year, every gallon oil companies drilled, they could sell for $3. Now they can sell that same gallon for $4 and Republicans want to send them billions of dollars?
 
I'm wondering why when the oil companies have been posting record profits for the past several years, what makes it necessary to receive money from the taxpayers to the tune of around 4 BILLION (with a b) per year?

The speculators make around 56 cents on every gallon CURRENTLY SOLD by betting on futures, and oil companies are making record profits.

Why is it that they need our taxpayer money to help them out when they're already screwing us at the pump?
 
Whether it raises the price of gas or not it is the right thing to do.
Giving specific tax breaks and such to oil companies is just plain wrong and is the same as spending tax money on them.
No corporate entitlements.
 
You gotta wonder if Barry is on the same page as the people of the United States or if he is still behaving like a Nigerian refugee? Obama claims that eliminating tax breaks to the oil industry will result in lower prices at the pumps. How can punishing oil companies result in lower prices? The dirty little secret is that speculators are mostly responsible for running up crude prices. Commodity speculators are like gamblers. They play the odds and the odds are that Obama wants gas prices to rise to punish Americans for their decadent oil consumption and to change the fabric of America. They are no dummies even if the majority of senators are. They will make money even while the president sends the Country down the road to socialism.

It won't

however

Not spending money slows the decline of the dollar. Basically our money will be worth more for a little bit longer.


Hell, we could fix all this by going back to the gold standard, since it's gold that OPEC values and not our food
 
The Oil companies are making $4 a gallon off us and you want to send them billions of dollars?

So last year, every gallon oil companies drilled, they could sell for $3. Now they can sell that same gallon for $4 and Republicans want to send them billions of dollars?

You obviously have a serious misunderstanding going on here. Oil companies make pennies on a gallon of gasoline sold at retail. Regardless of that retail price.

However, Federal State and Local entities make anywhere from 40 cents to 50 cents for every gallon sold at retail. And what is their input? Nothing.

Gallons of fuel aren't drilled, they're refined

Republicans aren't sending oil companies jack shit. Nobody is. What industry is afforded are tax treatments that are afforded every other industry in this country.

Obama is an irresponsible jackass for proclaiming that industry is given "billions in subsidies", and you are severely uneducated on the facts for believing that mother scratcher.
 
The Oil companies are making $4 a gallon off us and you want to send them billions of dollars?

I don't give a shit how much Walmart makes or how the oil companies dodge federal taxes. I want cheap gas and it ain't gonna happen while Obama is president.
 
The Oil companies are making $4 a gallon off us and you want to send them billions of dollars?

I don't give a shit how much Walmart makes or how the oil companies dodge federal taxes. I want cheap gas and it ain't gonna happen while Obama is president.

The Republican love affair with trickle down continues

If we throw enough money at oil companies, they won't keep it as profit......they will trickle it down in lower prices
 
The Oil companies are making $4 a gallon off us and you want to send them billions of dollars?

I don't give a shit how much Walmart makes or how the oil companies dodge federal taxes. I want cheap gas and it ain't gonna happen while Obama is president.

The Republican love affair with trickle down continues

If we throw enough money at oil companies, they won't keep it as profit......they will trickle it down in lower prices

The universal accepted reason for giving corporations "a tax break" is to increase production and subsequently stimulate the economy. What made Barry think taking away tax incentives would increase productivity? The plan could not work so what was it all about? Was a socialist dance designed to make his base feel good?
 
I don't give a shit how much Walmart makes or how the oil companies dodge federal taxes. I want cheap gas and it ain't gonna happen while Obama is president.

The Republican love affair with trickle down continues

If we throw enough money at oil companies, they won't keep it as profit......they will trickle it down in lower prices

The universal accepted reason for giving corporations "a tax break" is to increase production and subsequently stimulate the economy. What made Barry think taking away tax incentives would increase productivity? The plan could not work so what was it all about? Was a socialist dance designed to make his base feel good?

Corporate Welfare

In a free market, profit will stimulate increased productivity. If you were selling gas for three dollars last year and you now get four dollars a gallon..........that is your incentive to drill more. Not a government handout
 
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The Oil companies are making $4 a gallon off us and you want to send them billions of dollars?

So last year, every gallon oil companies drilled, they could sell for $3. Now they can sell that same gallon for $4 and Republicans want to send them billions of dollars?

You obviously have a serious misunderstanding going on here. Oil companies make pennies on a gallon of gasoline sold at retail. Regardless of that retail price.

However, Federal State and Local entities make anywhere from 40 cents to 50 cents for every gallon sold at retail. And what is their input? Nothing.

Gallons of fuel aren't drilled, they're refined

Republicans aren't sending oil companies jack shit. Nobody is. What industry is afforded are tax treatments that are afforded every other industry in this country.

Obama is an irresponsible jackass for proclaiming that industry is given "billions in subsidies", and you are severely uneducated on the facts for believing that mother scratcher.

OK. Let's just shut down all the roads and interstates. That will save us all that tax money, and we won't have to tax gasoline. Like bicycles?
 
Its not to lower gas price sits to end corperate welfare. Not to mention fossil fuels cost twice as much as clean energy when you adjust for health and environmental effects. So anyone with a brain would want to end the subsidization of energy that is ineffceint and kills people
 
You gotta wonder if Barry is on the same page as the people of the United States or if he is still behaving like a Nigerian refugee? Obama claims that eliminating tax breaks to the oil industry will result in lower prices at the pumps. How can punishing oil companies result in lower prices? The dirty little secret is that speculators are mostly responsible for running up crude prices. Commodity speculators are like gamblers. They play the odds and the odds are that Obama wants gas prices to rise to punish Americans for their decadent oil consumption and to change the fabric of America. They are no dummies even if the majority of senators are. They will make money even while the president sends the Country down the road to socialism.

Real dumb. It will not lower the oil and gas prices. It will be less money the government pays out.
 
The Oil companies are making $4 a gallon off us and you want to send them billions of dollars?

So last year, every gallon oil companies drilled, they could sell for $3. Now they can sell that same gallon for $4 and Republicans want to send them billions of dollars?

You obviously have a serious misunderstanding going on here. Oil companies make pennies on a gallon of gasoline sold at retail. Regardless of that retail price.

However, Federal State and Local entities make anywhere from 40 cents to 50 cents for every gallon sold at retail. And what is their input? Nothing.

Gallons of fuel aren't drilled, they're refined

Republicans aren't sending oil companies jack shit. Nobody is. What industry is afforded are tax treatments that are afforded every other industry in this country.

Obama is an irresponsible jackass for proclaiming that industry is given "billions in subsidies", and you are severely uneducated on the facts for believing that mother scratcher.

OK. Let's just shut down all the roads and interstates. That will save us all that tax money, and we won't have to tax gasoline. Like bicycles?

No way, Old Jose. I think gasoline taxes should be increased- but they should have done it when it was selling for $1/gallon back in 1999.

What I object to are ridiculous statements about just who is making what kind of profit.
Taxes are pure profit, outside of administrative expenses. Oil and gas operations require massive investment and considerable risk. And regardless of the retail price of a gallon of gasoline, governments will always collect their due, at little expense and zero risk.
 

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