Republicans block repeal of 21 Billion Dollars in oil subsidies

[konradv]

Why don't they vote on repealing or cutting the 18.5 cents per gallon Federal Gas tax?

Repealing it? They should be doubling it.

 

[CrusaderFrank]

Why don't they vote on repealing or cutting the 18.5 cents per gallon Federal Gas tax?

Repealing it? They should be doubling it.

"Somehow we have to figure out how to boost the price of gasoline to the levels in Europe" -- Obama's Energy Secretary Steve Chu

 

[theHawk]

The heads of the five oil companies defended the tax breaks at a Senate hearing last week, saying they just want the same tax advantages enjoyed by other industries. The companies are Shell Oil Co., ExxonMobil, ConocoPhillips, BP America and Chevron Corp.

Together, they logged profits totaling $36 billion during the first quarter. The Democrats say that with profits that high, the big oil companies wouldn't miss tax breaks that average $2 billion a year.

The U.S. Chamber of Commerce called the tax increases "misguided, unwarranted, and ultimately counterproductive."

Republicans argue that their bill, which is backed by the Chamber of Commerce, would increase domestic oil production, sending a signal to the market that could eventually lead to lower gas prices. Similar measures easily passed the Republican-controlled House.

The bill being voted on Tuesday would target only the five largest oil companies, raising about $21 billion over the same period.

Senate takes up bill repealing $2B oil tax breaks | KETK

Yes, that is the SAME Chamber of Commerce that worked with the Republican Party and the Chinese government to move 2.4 million jobs to China from 2001 to 2008. The same Chamber of Commerce that has received tens of millions from China. The same Chamber of Commerce that gave tens of millions to Republicans in the last election. According to the Chamber of Commerce, the money that came from China and the money they gave to Republicans are in "separate" accounts. Because of the Supreme Court ruling, The Chamber of Commerce are not obligated to say where the money they gave to Republicans came from. I've linked to all this stuff before. In fact, I even posted the "Invitation" that came from the China and the Chamber of Commerce inviting business owners to come to the sponsored seminars to learn how to outsource to China.

Where are there any oil "subsidies"? This is all about how much to take money away from companies, not taxing other people to give money to oil companies.

 

[NYcarbineer]

*OIL* is the engine of this economy...Abruptly changing it to Wind turbines/Solar unproven TECH is fucking suicide...

Which is exactly why the oil industry doesn't need subsidies.

My question is, to anyone, if we are going to lose 21 billion in revenues in a subsidy for big oil,

who do you want to tax to make up that revenue loss?

The oil industry does not get subsidies.

Then name this whatever makes you feel better and then answer the fucking question, Ambrose.

 

[NYcarbineer]

I want to see every anti oil liberal stop using it. Even for just 1 year. Show us you really mean what you say for a change.

I want to see every conservative stop using the roads for a year.

Asphalt is a petroleum product. Now you were saying?

They're built and maintained by taxes you don't want to pay.

 

[Mr. H.]

God knows the oil companies deserve our tax dollars. Who deserves it more......working stiffs or multimillion dollar corporations?

Thanks Republicans

*OIL* is the engine of this economy...Abruptly changing it to Wind turbines/Solar unproven TECH is fucking suicide...

Which is exactly why the oil industry doesn't need subsidies.

My question is, to anyone, if we are going to lose 21 billion in revenues in a subsidy for big oil,

who do you want to tax to make up that revenue loss?

How can you lose something that isn't yours to begin with?

 

[rdean]

There is more oil now than a year ago. Wall Street brought down the economy just a couple of years ago. The cost of oil is because of "speculation" from "guess who"? Yep, "Wall Street".

And Republicans are "APPLAUDING" this mess? This attack on the US economy? But, but, I thought they were "common sense" Patriots? Al Qaeda can only dream of doing the damage caused by the Republican Party.

 

[KissMy]

Which is exactly why the oil industry doesn't need subsidies.

My question is, to anyone, if we are going to lose 21 billion in revenues in a subsidy for big oil,

who do you want to tax to make up that revenue loss?

Tax Government Employee Pension Funds. Make the leeches work until they are 65 to retire. No more retiring at age 40 with full benefits.

 

[Quantum Windbag]

Which is exactly why the oil industry doesn't need subsidies.

My question is, to anyone, if we are going to lose 21 billion in revenues in a subsidy for big oil,

who do you want to tax to make up that revenue loss?

The oil industry does not get subsidies.

Then name this whatever makes you feel better and then answer the fucking question, Ambrose.

What question? In order to treat your question as valid I would have to assume that all money belongs to the government in the first place, and that individuals can only keep what the government lets them keep. The world does not work that way.

 

[Quantum Windbag]

I want to see every conservative stop using the roads for a year.

Asphalt is a petroleum product. Now you were saying?

They're built and maintained by taxes you don't want to pay.

I have no problem with paying the tax on gasoline. Want to try again?

 

[Mr. H.]

So, NYcanofbeer, how can you lose something that wasn't yours to begin with?

 

[rdean]

*OIL* is the engine of this economy...Abruptly changing it to Wind turbines/Solar unproven TECH is fucking suicide...

Which is exactly why the oil industry doesn't need subsidies.

My question is, to anyone, if we are going to lose 21 billion in revenues in a subsidy for big oil,

who do you want to tax to make up that revenue loss?

How can you lose something that isn't yours to begin with?

Is that a "real" question?

Many times, we even pay the oil companies to drill. Guess we should just turn over the country to oil companies and make right wingers happy.

 

[Quantum Windbag]

Which is exactly why the oil industry doesn't need subsidies.

My question is, to anyone, if we are going to lose 21 billion in revenues in a subsidy for big oil,

who do you want to tax to make up that revenue loss?

How can you lose something that isn't yours to begin with?

Is that a "real" question?

Many times, we even pay the oil companies to drill. Guess we should just turn over the country to oil companies and make right wingers happy.

Show me the paper trail.

 

[The T]

How can you lose something that isn't yours to begin with?

Is that a "real" question?

Many times, we even pay the oil companies to drill. Guess we should just turn over the country to oil companies and make right wingers happy.

Show me the paper trail.

He can't. It doesn't exist.

 

[rdean]

Is that a "real" question?

Many times, we even pay the oil companies to drill. Guess we should just turn over the country to oil companies and make right wingers happy.

Show me the paper trail.

He can't. It doesn't exist.

Oil royalties
Giving away government money accidentally on purpose

Normally, when Chevron drills oil on public land, it would pay royalties to the government, ie the taxpayer. But when Chevron drills oil on certain deepwater wells in the Gulf of Mexico, it doesn't have to pay royalties to anyone. That's because back in 1996, Congress decided it would be a good idea to encourage deepwater drilling by offering royalty-free leases in certain areas that wouldn't be otherwise commercially interesting.

Oil royalties: Giving away government money accidentally on purpose

Republicans Side with Big Oil, Reject $53 Billion in Taxpayer Savings | The House Committee on Natural Resources

http://phx.corporate-ir.net/Externa...9NDAxNTM1fENoaWxkSUQ9NDA5MDIzfFR5cGU9MQ==&t=1

New projections, buried in the Interior Department's just-published budget plan, anticipate that the government will let companies pump about $65 billion worth of oil and natural gas from federal territory over the next five years without paying any royalties to the government.

U.S. Royalty Plan to Give Windfall to Oil Companies

Don't you love slapping the shit out of ignorant right wingers? They dare you, you slap both of their faces, they cry, then, against all odds, they declare "victory" and run off to hide. Hilarious.

 

[The T]

Show me the paper trail.

He can't. It doesn't exist.

Oil royalties
Giving away government money accidentally on purpose

Normally, when Chevron drills oil on public land, it would pay royalties to the government, ie the taxpayer. But when Chevron drills oil on certain deepwater wells in the Gulf of Mexico, it doesn't have to pay royalties to anyone. That's because back in 1996, Congress decided it would be a good idea to encourage deepwater drilling by offering royalty-free leases in certain areas that wouldn't be otherwise commercially interesting.

Oil royalties: Giving away government money accidentally on purpose

Republicans Side with Big Oil, Reject $53 Billion in Taxpayer Savings | The House Committee on Natural Resources

http://phx.corporate-ir.net/Externa...9NDAxNTM1fENoaWxkSUQ9NDA5MDIzfFR5cGU9MQ==&t=1

New projections, buried in the Interior Department's just-published budget plan, anticipate that the government will let companies pump about $65 billion worth of oil and natural gas from federal territory over the next five years without paying any royalties to the government.

U.S. Royalty Plan to Give Windfall to Oil Companies

Don't you love slapping the shit out of ignorant right wingers? They dare you, you slap both of their faces, they cry, then, against all odds, they declare "victory" and run off to hide. Hilarious.

YOUR 'reality' slaps NO ONE...but YOU...Government isn't giving the oils comapanies a thing but incentive for commerce...

Go buy a clue asswipe.

 

[rdean]

He can't. It doesn't exist.

Oil royalties
Giving away government money accidentally on purpose

Normally, when Chevron drills oil on public land, it would pay royalties to the government, ie the taxpayer. But when Chevron drills oil on certain deepwater wells in the Gulf of Mexico, it doesn't have to pay royalties to anyone. That's because back in 1996, Congress decided it would be a good idea to encourage deepwater drilling by offering royalty-free leases in certain areas that wouldn't be otherwise commercially interesting.

Oil royalties: Giving away government money accidentally on purpose

Republicans Side with Big Oil, Reject $53 Billion in Taxpayer Savings | The House Committee on Natural Resources

http://phx.corporate-ir.net/Externa...9NDAxNTM1fENoaWxkSUQ9NDA5MDIzfFR5cGU9MQ==&t=1

New projections, buried in the Interior Department's just-published budget plan, anticipate that the government will let companies pump about $65 billion worth of oil and natural gas from federal territory over the next five years without paying any royalties to the government.

U.S. Royalty Plan to Give Windfall to Oil Companies

Don't you love slapping the shit out of ignorant right wingers? They dare you, you slap both of their faces, they cry, then, against all odds, they declare "victory" and run off to hide. Hilarious.

YOUR 'reality' slaps NO ONE...but YOU...Government isn't giving the oils comapanies a thing but incentive for commerce...

Go buy a clue asswipe.

Like I said....

 

[Mr. Peepers]

These are so called "tax subsidies" put in place by the policy-makers/elected officials to incentivize and encourage companies to produce certain desirable results. In the case of oil companies it's to encourage exploration and investment in facilities that promote and provide for our energy plant. Other companies might be subsidized in the area of research and development. These seem to be worthwhile goals, and result in increased revenues to the US treasury in the future.

Problem is, each oil executive admitted that these subsidies have no effect on exploration or anything else you mentioned. They just like the extra money. They actually ADMITTED this to congress! Yank 'em. Parasites.

 

[Quantum Windbag]

Show me the paper trail.

He can't. It doesn't exist.

Oil royalties
Giving away government money accidentally on purpose

Normally, when Chevron drills oil on public land, it would pay royalties to the government, ie the taxpayer. But when Chevron drills oil on certain deepwater wells in the Gulf of Mexico, it doesn't have to pay royalties to anyone. That's because back in 1996, Congress decided it would be a good idea to encourage deepwater drilling by offering royalty-free leases in certain areas that wouldn't be otherwise commercially interesting.

Oil royalties: Giving away government money accidentally on purpose

Republicans Side with Big Oil, Reject $53 Billion in Taxpayer Savings | The House Committee on Natural Resources

http://phx.corporate-ir.net/Externa...9NDAxNTM1fENoaWxkSUQ9NDA5MDIzfFR5cGU9MQ==&t=1

New projections, buried in the Interior Department's just-published budget plan, anticipate that the government will let companies pump about $65 billion worth of oil and natural gas from federal territory over the next five years without paying any royalties to the government.

U.S. Royalty Plan to Give Windfall to Oil Companies

Don't you love slapping the shit out of ignorant right wingers? They dare you, you slap both of their faces, they cry, then, against all odds, they declare "victory" and run off to hide. Hilarious.

Which of those show us paying anyone to drill? At best they show the typical government mismanagement of public resources, which is another reason to get the government out of things like this.

 

[The T]

He can't. It doesn't exist.

Oil royalties
Giving away government money accidentally on purpose

Normally, when Chevron drills oil on public land, it would pay royalties to the government, ie the taxpayer. But when Chevron drills oil on certain deepwater wells in the Gulf of Mexico, it doesn't have to pay royalties to anyone. That's because back in 1996, Congress decided it would be a good idea to encourage deepwater drilling by offering royalty-free leases in certain areas that wouldn't be otherwise commercially interesting.

Oil royalties: Giving away government money accidentally on purpose

Republicans Side with Big Oil, Reject $53 Billion in Taxpayer Savings | The House Committee on Natural Resources

http://phx.corporate-ir.net/Externa...9NDAxNTM1fENoaWxkSUQ9NDA5MDIzfFR5cGU9MQ==&t=1

New projections, buried in the Interior Department's just-published budget plan, anticipate that the government will let companies pump about $65 billion worth of oil and natural gas from federal territory over the next five years without paying any royalties to the government.

U.S. Royalty Plan to Give Windfall to Oil Companies

Don't you love slapping the shit out of ignorant right wingers? They dare you, you slap both of their faces, they cry, then, against all odds, they declare "victory" and run off to hide. Hilarious.

Which of those show us paying anyone to drill? At best they show the typical government mismanagement of public resources, which is another reason to get the government out of things like this.

And that's my point. Thanks.