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

[basquebromance]

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

 

[JGalt]

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

That's called "socialism." Oil companies will see that as a threat and start producing less, thereby only making the price of gas even higher.

 

[Calypso Jones]

what a jackass.

 

[basquebromance]

fossil fuels provide the most effective on-demand naturally abundant energy at the lowest cost to the maximum amount of people

 

[basquebromance]

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

 

[The Irish Ram]

We have to stop this. Vote to stop this in a week...

 

[Thunk]

That's called "socialism."

It's also called "theft"...rhymes with "left".

 

[basquebromance]

China's energy production is 85 percent fossil fuel, including electricity that's 65 percent coal

 

[basquebromance]

 

[22lcidw]

Joe needs to get rid of all of the nickel and diming taxes the feds have to start.

 

[Uncensored2008]

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

Gosh, what could possibly go wrong?

 

[BluesLegend]

Biden punishment taxes oil companies, oil companies then jack up the price even higher and consumers pay Biden's stupid shit punishment tax, BRILLIANT!

 

[iamwhatiseem]

The world according to Joe Biden.......

Tax the oil companies to get revenue to give money to "the people"

REALITY.......
Oil companies raise price of oil to compensate for the new tax... paid by "the people"

 

[easyt65]

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

What a fucking stupid idea...

 

[easyt65]

If you have a successful business, dies tbe government tbat has sworn to destroy you and your business, have the right to levy huge taxes on you simply because you are successful and give it to people in an attempt to ease the economic pain the government has caused?

 

[basquebromance]

Reminds me of that time during a hearing when Sen. Boxer challenged Alex Epstein's qualifications to testify as he isn't a scientist. He explained as a philosopher that he could help the committee think more clearly about the issues.

 

[martybegan]

The world according to Joe Biden.......

Tax the oil companies to get revenue to give money to "the people"

REALITY.......
Oil companies raise price of oil to compensate for the new tax... paid by "the people"

Plus those profits are diverted from the Pension and 401k funds that are invested in said companies, and depend on those dividends for sustainable income.

 

[Oldestyle]

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

Joe Biden is a fucking moron! He gave the environmentalists what they wanted and those policies drove the cost of oil and natural gas up...increasing the cost of everything in the US. Now he's blaming everyone BUT himself because the Democrats are about to get their asses handed to them in the mid terms!

You broke it, Joe! Then you refused to fix it! You own it now!

People are getting their bills for heating oil for this winter and they're in shock about how much the cost has gone up. We're also about to run out of diesel fuel. This President is the worst we've EVER had when it comes to economics! He's clueless and he's surrounded himself with ideologues who care more about posturing than running a country!

 

[Nostra]

Pedo Joe is a tyrant.

 

[Polishprince]

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.