President Biden to urge Congress on Monday to tax oil companies’ bumper windfall profits & give the proceeds to consumers as a rebate

[CowboyTed]

solar and wind provide just 3 percent of the world's energy despite many of the world's governments aggressively subsidizing and mandating them

Better than that...

But if they want to say total energy needs... Sun gives us a fair bit of heat every day...

As for Electricity, we are looking at 8% and heavily increasing...

Look at Texas:

The one to watch is actually Solar... Solar tech is making major advances after the Germans have invested in it and brought it to a new place in engineering.

Solar lights up outlook for renewable energy in Texas

Improving economics and government tax incentives have spurred investment in utility-scale solar facilities in Texas.

www.dallasfed.org

Texas is going to continue its energy dominance but using solar..

 

[Calypso Jones]

Grinning like a mule eating briars.

 

[CowboyTed]

Biden's idea would be incredibly stupid to actually do.

Taxing any activity, especially with huge new levies, will result in less of this activity.

And the activity Biden is proposing to punish is oil exploration, drilling and refining.


This bill, if enacted, will be a boon to those nostalgic for Carter-era gas lines.

Let's start... This is what EU is going to do...

Oil companies are making record profits while producing less Oil. This is a cartel and they don't want to produce more Oil.

Biden is right to tax all excessive profits as price gouging .

 

[Polishprince]

Let's start... This is what EU is going to do...

Oil companies are making record profits while producing less Oil. This is a cartel and they don't want to produce more Oil.

Biden is right to tax all excessive profits as price gouging .

Confiscatory taxation will encourage the oil companies to produce LESS oil not more.

And taking money away from them will give them no choice but to reduce operations.

 

[BluesLegend]

Biden is right to tax all excessive profits as price gouging .

Proof of price gouging?? No we didn't think you had any. Why don't dumb ass Dems reverse all their anti fossil fuel policies, then the price will come down.

 

[CowboyTed]

Confiscatory taxation will encourage the oil companies to produce LESS oil not more.

And taking money away from them will give them no choice but to reduce operations.

They are already making record profits by producing less...

EU has looked at this and said, take the profits until they produce more... Less Oil should mean less profits but this is not the way it is happening. The regular market forces are getting interfered with...

You are trying to say they are working under normal market forces which they are not... Higher prices should mean they should produce more... They are not ramping up production because there is no incentive... This is classic cartelling...

They produce less and then take more of their profits...

 

[CowboyTed]

Proof of price gouging?? No we didn't think you had any. Why don't dumb ass Dems reverse all their anti fossil fuel policies, then the price will come down.

The proof is in their profits while producing less...

Let US produce what they were producing before, remove the incentive to produce less..

 

[Polishprince]

The proof is in their profits while producing less...

Let US produce what they were producing before, remove the incentive to produce less..

The incentive to produce less was provided by Biden- CT.

He stated clearly that he was moving away from what he calls "fossil fuels" and has been fighting pipelines and refineries in the court.

As a result, the oil companies aren't incurring the expenses of drilling as much, less expense means more profit.

 

[Polishprince]

The proof is in their profits while producing less...

Let US produce what they were producing before, remove the incentive to produce less..

If libs really think there is "price gouging" going on, they should start their own oil companies to show how its done fairly.

 

[Uncensored2008]

Let's start... This is what EU is going to do...

Oil companies are making record profits while producing less Oil. This is a cartel and they don't want to produce more Oil.

Biden is right to tax all excessive profits as price gouging .

Then America can be as "fuel secure" as the EU.

The European Union faces a battle to keep energy prices from harming its economy

European Union leaders enter a crucial stretch this week to make sure runaway energy prices and short supplies do not further tank their struggling economies and foment unrest.

www.npr.org

Oh wait...



Could you be any more stupid?

 

[Uncensored2008]

They are already making record profits by producing less...

EU has looked at this and said, take the profits until they produce more... Less Oil should mean less profits but this is not the way it is happening. The regular market forces are getting interfered with...

You are trying to say they are working under normal market forces which they are not... Higher prices should mean they should produce more... They are not ramping up production because there is no incentive... This is classic cartelling...

They produce less and then take more of their profits...

The EU can't keep the fucking lights on or heat in homes, you drooling moron.

They are the LAST people we should follow.,

 

[Leo123]

Biden strangled U.S. oil production and since then he has been blaming everyone else including Putin.

 

[Leo123]

They are already making record profits by producing less...

EU has looked at this and said, take the profits until they produce more... Less Oil should mean less profits but this is not the way it is happening. The regular market forces are getting interfered with...

You are trying to say they are working under normal market forces which they are not... Higher prices should mean they should produce more... They are not ramping up production because there is no incentive... This is classic cartelling...

They produce less and then take more of their profits...

Biden restricted oil production so more demand will mean higher prices.

 

[Moonglow]

If we want a world in which all 8 billion of us have the opportunity to flourish—to live long, healthy, prosperous, fulfilling lives—we need to use *more*, not less, fossil fuel going forward.

Biden bashes oil sector for ‘war profiteering,’ warns of windfall tax on profits

Democrats introduced legislation this spring that would tax large oil companies for windfall profits and give the proceeds to consumers as a rebate.

www.politico.com

Good.

 

[basquebromance]

Republicans plan an energy agenda designed to keep Democrats on their heels

House Republicans are also planning to scrutinize how the Biden administration deploys the $370 billion in clean energy measures that Congress approved in Democrats' Inflation Reduction Act.

www.politico.com

 

[Uncensored2008]

Republicans plan an energy agenda designed to keep Democrats on their heels

House Republicans are also planning to scrutinize how the Biden administration deploys the $370 billion in clean energy measures that Congress approved in Democrats' Inflation Reduction Act.

www.politico.com

I'd prefer an energy plan that keeps trucks on the road...

 

[wamose]

I'm starting to wonder who's dumber, Biden or Harris. I think if you combine their intelligence, they would still be twice as dumb as the next lowest President. The only way it could get any worse is if Fetterman were President.

 

[basquebromance]

 

[basquebromance]

Biden threatening the American energy industry will only exacerbate gas prices. He’s in complete denial that his war on American oil has caused record highs.