Take that, Big Oil, and hand over all your windfall profits

Imagine this. You've built the better mousetrap. Because lasers and pneumatic tubes are cool, let's imagine it uses them.

[Art Winschel]

What about the billions of dollars oil companies spend in research and development? Why would people be upset when Big Oil has a profit rate of return of 8.3% while the drug companies earn at the rate of 20%? Big oil pays $2.50 in taxes for every dollar of profit. Democrats know nothing except to bash firms that are more successful then Congress. Name Dems and the low rating congress they run as the whiners of the year.

[Missing Link]

These idiots in Congress want to hold hearings about the windfall profits of big oil, when they are making 8.3% profit margins. Why are they not upset about the 50%-100% profit margins that jewelry stores and furniture stores make. What about that $100 pair of Nike shoes that costs 20 bucks to make, that's a margin of 80% Those are windfall profits but no one is upset about that.

[K Mac]

Because the retail price of Nikes doesn't affect EVERY OTHER THING IN OUR ECONOMY.

[Get A Job]

Or how about all the money the gov't brings in at the state and fed. level for every gallon of gas sold....and than misspends all of it. Once again more slight of hand by the crooks in the gov't. Distract the buffoons in the public by making the oil companies the bad guy. Those bad, bad evil corporations.

[citigirl]

I think it's perfectly fine to take the money and cap the profits.
So long as all the working liberals (and those who are on assistance) agree to voluntarily reduce their paychecks at the determination of the government.
If you're making $20,000, downsize and give over your excess to the government so that everything will be fair. If you're making anything over and above what the government deems fair and appropriate, give it back...it's the FAIR thing to do.

:) citi

[K Mac]

Get A Job wrote:

Or how about all the money the gov't brings in at the state and fed. level for every gallon of gas sold....and than misspends all of it. Once again more slight of hand by the crooks in the gov't. Distract the buffoons in the public by making the oil companies the bad guy. Those bad, bad evil corporations.

But if people suggest a moratorium on the gas tax, it's pandering, right?@@

[Missing Link]

When are you liberls going to learn about simple economics Kmac, the oil companies don't set the price of OIL or GASOLINE!!!

[Get A Job]

Yes...that's all anyone campaigning for any office does is pander. They think the public are a bunch of uneducated buffoons. And we prove them right every 2-4 years.

[Donny Baker]

Get A Job wrote:

Or how about all the money the gov't brings in at the state and fed. level for every gallon of gas sold....and than misspends all of it. Once again more slight of hand by the crooks in the gov't. Distract the buffoons in the public by making the oil companies the bad guy. Those bad, bad evil corporations.

I loved the last round of congressional hearings when the bad oil companies pointed out to congress that they don't control the price of oil, and that they are severely hampered in their attempts to lower the price through drilling and building new refineries by current legislation that makes it cost-prohibitive due to the tree huggers saving the world.

[mary p-]

K Mac wrote:

Because the retail price of Nikes doesn't affect EVERY OTHER THING IN OUR ECONOMY.

Well, if you don't buy 150.00 Nikes or 700.00 purses, you would have more money for gas....This is a capitalist country. Corporations shouldn't denied their profits. It's up to us to pick and choose what we buy. The gas prices are hurting all of us, but denying corporations profits is counterproductive. We need to get on the tree-huggers to explore oil resources here on our own soil. It's been proven in the far north that the polar bears and wildlife have not only survived, but have thrived near pipelines...

[khp33]

mary p- wrote:

<quoted text>Well, if you don't buy 150.00 Nikes or 700.00 purses, you would have more money for gas....This is a capitalist country. Corporations shouldn't denied their profits. It's up to us to pick and choose what we buy. The gas prices are hurting all of us, but denying corporations profits is counterproductive. We need to get on the tree-huggers to explore oil resources here on our own soil. It's been proven in the far north that the polar bears and wildlife have not only survived, but have thrived near pipelines...

Our own legislation prevents us from drilling in our own back yards and off of the shores where oil is abundant because of the tree huggers... and as far as the wildlife thriving near pipelines, well that's because the pipelines aren't failing due to contstant maintenance. We should try to drive legislation that would allow us to investigate the reserves on this side of the planet to keep us from relying on foriegn oil.

[mary p-]

khp33 wrote:

<quoted text>
Our own legislation prevents us from drilling in our own back yards and off of the shores where oil is abundant because of the tree huggers... and as far as the wildlife thriving near pipelines, well that's because the pipelines aren't failing due to contstant maintenance. We should try to drive legislation that would allow us to investigate the reserves on this side of the planet to keep us from relying on foriegn oil.

I hate the price of gas as much as anyone on here obviously, but what I really hate, is knowing that everytime I fill up, I'm putting money in some terrorist or dictator's pocket. I wish we could get into a position to tell them where they can shove it.

[Missing Link]

Mary P i'm with you, there are so many places right here in the US that we could be drilling for our own oil. I seem to remember hearing about a report that said that we have more oil here in the US than they do in the middle east. When are we going to tell the environmentalist-marxists to go pound salt and start drilling for our own oil. I'm all for developing alternative energy sources but until they are invented and are cost effective we should be producing our own oil.

[SoberUpTeddy]

Art - You are absolutely correct. Don't waste your time trying to teach liberals basic economics. They are convinced that capitalism is wrong. Only abortion clinics and the teachers union should profit.

[citigirl]

khp33 wrote:

<quoted text>
Our own legislation prevents us from drilling in our own back yards and off of the shores where oil is abundant because of the tree huggers... and as far as the wildlife thriving near pipelines, well that's because the pipelines aren't failing due to contstant maintenance. We should try to drive legislation that would allow us to investigate the reserves on this side of the planet to keep us from relying on foriegn oil.

Can I get an AMEN???!!!

:) citi

[Smedley]

citigirl wrote:

<quoted text>
Can I get an AMEN???!!!
:) citi

I hear you're marrying Ellen Degenerate soon. So you'll go away. Amen to that.

[Ida Tarbell]

Here's something I wrote a long time ago. The more things change, the more they stay the same:

We, the people of the United States, and nobody else, must cure whatever is wrong in the industrial situation, typified by this narrative of the growth of the Standard Oil Company. That our first task is to secure free and equal transportation privileges by rail, pipe and waterway is evident. It is not an easy matter. It is one which may require operations which will seem severe but the whole system of discrimination has been nothing but violence, and those who have profited by it cannot complain if the curing of the evils they have wrought bring hardship in turn on them. At all events, until the transportation matter is settled, and settled right, the monopolistic trust will be with us, a leech on our pockets, a barrier to our free efforts.

As for the ethical side, there is no cure but in an increasing scorn of unfair play -an increasing sense that a thing won by breaking the rules of the game is not worth the winning. When the business man who fights to secure special privileges, to crowd his competitor off the track by other than fair competitive methods, receives the same summary disdainful ostracism by his fellows that the doctor or lawyer who is "unprofessional," the athlete who abuses the rules, receives, we shall have gone a long way toward making commerce a fit pursuit for our young men.

http://www.bilderberg.org/whatafel.htm#Ida

[BlacKnight]

mary p- wrote:

<quoted text>I hate the price of gas as much as anyone on here obviously, but what I really hate, is knowing that everytime I fill up, I'm putting money in some terrorist or dictator's pocket. I wish we could get into a position to tell them where they can shove it.

Just don't buy gasoline from the companies that import foreign oil.They are Shell,Chevron/Texaco,Exxon/Mob ile,Marathon/Speedway,Amoco.Th is information is available from (http://www.energy.gov/)

[Mark]

Libs.....What the heck is worng with them, Stay out fo others pockets. plain and simple. Let capitolism work!

[oily]

Art Winschel wrote:

What about the billions of dollars oil companies spend in research and development? Why would people be upset when Big Oil has a profit rate of return of 8.3% while the drug companies earn at the rate of 20%? Big oil pays $2.50 in taxes for every dollar of profit. Democrats know nothing except to bash firms that are more successful then Congress. Name Dems and the low rating congress they run as the whiners of the year.

Very simple. Oil is a limited resource and should be nationalized. How did these oil company crooks ever get ownership of such a resource? Its a joke Money spend on research? Its bull,and all tax deductible. Enough already, oil belongs to the people. Crank up some of the refineries that were shut down to keep a low supply of gasoline.