Barack Obama, our next President

"The road ahead will be long. Our climb will be steep," Obama cautioned. Young and charismatic but with little experience on the national level, Obama smashed through racial barriers and easily defeated ... Full Story
tell_it_like_it_ IS

Blanchard, OK

#1000425 Oct 10, 2013
USAsince1680 wrote:
<quoted text>
Well, I can lead a horse to water but I can't make him drink:
"In The Tax Act of 1986 Congress extended, as an incentive to keep prices low (subsidy), special favor to those who participate in oil and gas ventures. The tax act allows for Intangible Drilling Costs (labor, chemicals, mud, grease, etc.), which are typically 70% to 90% of the cost to drill a well, to be written off the taxable year, expensed against ordinary income."
"Furthermore, Tangible Drilling Costs (well equipment, storage tanks, pump jacks, etc.), typically 10% to 30% of the cost to drill a well, are 100% tax deductible as a depreciation expense over a seven year period using the Accelerated Cost Recovery System (ACRS).(See Section 263 of the Tax Code)"
"Lease costs (purchase of leases, minerals, etc.), sales expenses, legal expenses, administrative accounting, and Lease Operating Costs (LOC’s) are also 100% tax deductible in the year they were incurred."
"Any Geological and Geophysical (G&G’s) expenses paid or incurred in connection with the exploration for, or development of, oil or gas within the United States (as defined in Code section 638) may be amortized ratably over the 24-month period beginning on the date the expenses are paid or incurred.(See Section 167 (h)(1) of the Tax Code).
COMBINES, THESE INCENTIVES ADD UP TO A 100% WRITE OFF AGAINST ORDINARY INCOME. And, all of them are incentives toward production to keep the prices low.
Additionally, the tax code specifically states that a Working Interest in an oil and gas well is not a “passive” activity; therefore, deductions can be offset against income from active stock trades, business income, salaries, and so forth.(See Section 469 (c)(3) of the Tax Code)
If you’re involved in a dry-hole well you qualify for a 100% write-off of all costs, intangible and tangible alike, in the first year. Dry-hole costs are typically deducted on Schedule C or Form 1065 and are NOT subject to the usual $3,000 limit. These costs, when reported, should still be broken down by intangible, tangible and lease costs."
Additionally, "as an incentive to encourage participation in oil and gas drilling (as opposed to keeping prices lower, therefore, not a "subsidy") was added by the 1990 Tax Act, in which a small producer’s tax exemption known as the “Percentage Depletion Allowance” allows for 15% of the Gross Income (NOT Net Income) from an oil and gas producing property to be tax-free. This tax benefit is not available to any entities or individuals owning more than 1,000 barrels of oil or 6,000,000 cubic feet of gas average daily production."
http://www.enopetroleum.com/taxconsiderations...
“One of the main arguments to keep fossil fuel subsidies is that they protect the poor, but studies show that 80% of fossil fuel subsidies go to middle and high income households.” Fatih Birol, Chief Economist at the International Energy Agency
http://www.ewea.org/blog/2013/02/fossil-fuel-...
Dummy,

You think oil companies would cease to exist if a couple billion in 'subsidies' disappear?

You defend lazy worthless people....admit it and lets move forward...

And i support NO industry subsidy.....
None.

Lets see who would survive on their own!!!
The economics of nature!!!!!

Since: May 13

Location hidden

#1000426 Oct 10, 2013
Whatever wrote:
<quoted text>
Isn't that hilarious.
Obama tells the markets to be "very concern" and they blow him off.
Today they are please to see the extension of the debt ceiling debate til November.
But after all this Happy talk, we are headed to another market bubble which saw its' first ripples today with Hong Kong down grading treasury bonds.
This time there is no one to blame for the coming recession but our government for their overprinting of money causing a devaluing of the dollar.
The market went up because the teabaggers sent up the white flag. If you listened carefully, they aren't talking about scrapping Obamacare anymore. Now they're only asking him to negotiate "budget cuts". Of course he'll negotiate budget cuts.
Obama stood up to these chest beating morons and they blinked.
Whatever

Gering, NE

#1000428 Oct 10, 2013
Emeem wrote:
<quoted text>
The market went up because the teabaggers sent up the white flag. If you listened carefully, they aren't talking about scrapping Obamacare anymore. Now they're only asking him to negotiate "budget cuts". Of course he'll negotiate budget cuts.
Obama stood up to these chest beating morons and they blinked.
Funny how you like to ignore the fact that Obama invited them to the WH to negotiate.

Second the agreement today has squat to do with the shutdown. Two separate issues. Passing this agreement will not re-open the government.
Whatever

Gering, NE

#1000429 Oct 10, 2013
Fenris the Big Bad Wolf wrote:
Just came back to answer some earlier crowing I saw about that fat phag "dem" writing the #1,000,000th post on this blog. Scrolled back and.... lo and behold: his solitary moment in the sun has been deleted. A bit more in depth detective work uncovers that ALL of his posts have disappeared. LMAO.....:-)
Isnt that just the way with dumocrats? They blow (LITERALLY in his case), bluster, and then quietly fold up and slink away into obscurity after they are re-soundly beaten-down into the dirt.....:-)
It makes you wonder how many times she had a millionth post.
Yeah

Honolulu, HI

#1000430 Oct 10, 2013
TSM wrote:
Is Hawaii showing disrespect to Obama? Hawaii forced to relaunch after zero sign-ups!!
Really? I must have missed it.

Do tell son!

“My Life Is A Shell Game”

Since: May 07

Lapeer, MI

#1000432 Oct 10, 2013
fetch almighty wrote:
<quoted text>As is common with tyrants, the Obama administration truly believes the People have no right to privacy, no right to due process, no right to representation in government and no right to determine your own engagement in commerce. This is why Obama is playing such hardball to shove O'bamacare down everybody's throats: the government desperately needs to gather all this surveillance data so that it can leverage it to blackmail members of the U.S. Supreme Court, the Senate, the House, and even federal judges. Blackmail is essential to maintaining power in a corrupt society. And Healthcare.gov is the portal for scraping passwords, IP addresses and even financial details from anyone gullible enough to actually hand this over to government (i.e. democrats).
Liberals are sheep falling all over themselves to get into the slaughterhouse first while simultaneously complaining about how the Conservatives won't cooperate in pursuing a national death-wish.

The Founding Fathers are rolling over in their graves as we speak.
Yeah

Honolulu, HI

#1000433 Oct 10, 2013
DBWriter wrote:
<quoted text>
What government shut down?
I don't see any government shut down.
Since there is no government shut down, how about we get back to the important issues the public's attention was diverted from.
Why is the United States training Al Qaeda terrorists in a US training facility in Jordan?
Why did Obama stumble into a trap a blind person could see in Syria?
Why did the entire world give Obama a vote of no confidence?
Why is the NSA spying on normal Americans and not spying on muslim terrorists here?
Why is the IRS targeting opponents to the Democrats?
Why did Obama lie for two weeks covering up the Al Qaeda attack in Benghazi?
How's that investigation of Eric Holder running guns for Mexican drug cartels going?
Why does our president get bitchslapped like a jailhous fag every time he meets with Putin?
Why won't Obama admit he's a muslim and a communist?
Questions, questions, questions.

Don't you think it's about time you do something more productive? Or do you ALWAYS need someone else to do the work for you son?
Yeah

Honolulu, HI

#1000434 Oct 10, 2013
John Galt wrote:
<quoted text>
ever watch "Tickle"?
Your relative I take it.

Since: Aug 13

Bozeman, MT

#1000435 Oct 10, 2013
Emeem wrote:
<quoted text>
Of course he'll negotiate budget cuts.
Democrats don't have a clue what a budget cut is.
Brad

Marlborough, CT

#1000436 Oct 10, 2013
Whatever wrote:
<quoted text>
The negotiations will ask for a one year extension of the individual mandate. That's it.
Republicans send proposal to fund entire Government except Oblamercare.
Oblamer rejects it and Senate refused to vote on it.

Republicans send proposal to fund entire Government but to delay the individual mandate the way Oblamer did for business owners.
Oblamer rejects it and Senate refused to vote on it.

Republicans send proposal to fund entire Government but require Congress,The Executive Branch and all the administrations waiver recipients to be subject to same mandate.
Oblamer rejected it and the Senate refused to vote on it.

And the Republicans are responsible for the shut down,,,,really???
Yeah

Honolulu, HI

#1000437 Oct 10, 2013
DBWriter wrote:
<quoted text>
I almost can't think of what to say when Homer says something obviously false like he's not a Democrat.
you not thinking is normal son.

In fact, it's probably a prerequisite to being a conservative and more importantly, a t-per!
Yeah

Honolulu, HI

#1000438 Oct 10, 2013
Eman wrote:
<quoted text>
this "shutdown" is really getting to you.
lol! It's certainly getting to right wing nuts!
Whatever

Gering, NE

#1000439 Oct 10, 2013
BE WARNED: Once You Sign Up (Even Just For An Account) On The Obamacare Website, You Cant Go Back and Delete It
No Surprize

Seminole, FL

#1000440 Oct 10, 2013
Emeem wrote:
<quoted text>
The market went up because the teabaggers sent up the white flag. If you listened carefully, they aren't talking about scrapping Obamacare anymore. Now they're only asking him to negotiate "budget cuts". Of course he'll negotiate budget cuts.
Obama stood up to these chest beating morons and they blinked.
You ignorant idiot... the white flag is up in your ass Patrick...

Obama Rejects G.O.P. Offer of Short-Term Debt Limit Plan
By JACKIE CALMES and ASHLEY PARKER 18 minutes ago

At a meeting at the White House, President Obama turned down the proposal from Republicans to extend the nation’s borrowing authority for six weeks because it would not also reopen the government.

http://www.nytimes.com/

The longer the government stays shutdown by Comrade obama, more the blame falls on our fearless leader, commander and chief executive obama any you retard/...

It's the culture...
Yeah

Honolulu, HI

#1000441 Oct 10, 2013
Backfire wrote:
The impasse has D.C. Democrats suddenly on the side of Republicans, and publicly challenging Democrats.
lol! Keep telling yourself that.

BTW, why did you take the name of a ruskie bomber?

Are you trying to hint at something you plan on doing son?

Since: May 13

Location hidden

#1000442 Oct 10, 2013
Whatever wrote:
<quoted text>
Funny how you like to ignore the fact that Obama invited them to the WH to negotiate.
Second the agreement today has squat to do with the shutdown. Two separate issues. Passing this agreement will not re-open the government.
Watch tonight's news. Obama invited them to accept their sword. Its over, Republicans took Obamacare off the table!
Teabaggers caved!

Since: Feb 08

Spokane, WA

#1000443 Oct 10, 2013
DBWriter wrote:
<quoted text>
Ed, I think a person who planned to be playing golf all day on the day the United States was going to invade an allied country and kill bin Laden was completely out of the loop and didn't have a clue the operation was even happening.
That's just logic. The timeline is another story.
40 minutes before the SEAL team landed it was leaked to Vallerie Jarrett the mission was happening, and she immediately summoned Obama from the golf course. That is the 40 minutes Obama refers to when he talks about this. Obama went immediately to Vallerie Jarrett's office, and not to the command center where he appears in the photos... in three different positions in the three different versions of the photo the White House released.
Upon being informed of the mission, Vallerie Jarrett immediately issued an abort order, which Panetta ignored, and which was later explained as being the result of someone looking at the weather map for the wrong day.
Unverified word from inside the White House is, Obama was really shaken up when he appeared at Vallerie Jarrett's office.
"DBWriter"
When I spoke of president nobama planning and leading the mission to get bin laden, it was meant to be sarcastic.
Peace
Yeah

Honolulu, HI

#1000444 Oct 10, 2013
Ray Donovan wrote:
<quoted text>
Typical liberal. Their true colors exposed thanks to anonymity.
So what's your true colors regarding pedophilia in the Church son?

I bet you don't consider that evil, eh?

Since: Aug 13

Bozeman, MT

#1000445 Oct 10, 2013
Realtime wrote:
<quoted text>That's some real funny chit girl__maybe you should find a nice topix game thread to hang out on.
You find it "funny" the WH is using illegal tactics to spy on and harm U.S. citizens?

You can't possibly deny they're doing it...can you? No one is that stup, er, big of a suck up.
Yeah

Honolulu, HI

#1000446 Oct 10, 2013
John Galt wrote:
<quoted text>
Boehner is offering a "clean" extension of the debt ceiling.
Will Obama agree?
lol! No he's not.

He's just buying time.

He's desperate.

Panic desperation by reich wing nuts isn't far off.

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