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paul young
03-07-2011, 12:45 PM
this would seem to be a good place to trim a few billion from the budget, but it has been voted down very recently.-Paul




http://thinkprogress.org/2011/03/01/house-gop-oil-subsidies/

caryalsobrook
03-07-2011, 01:14 PM
this would seem to be a good place to trim a few billion from the budget, but it has been voted down very recently.-Paul




http://thinkprogress.org/2011/03/01/house-gop-oil-subsidies/

Care to specify what the subsities are? In my state, the tax on a gallon of gas is 38 cents a gallon. The last I saw the oil companies made an average profit on 9 cents a gallon or one fourth as much on a gallon of gas as the government. Nice profit for the government which has to do no work for the gas but makes four times on a gallon of gas as the oil companies do.

luvmylabs23139
03-07-2011, 01:27 PM
The state of NC gets 32.5 cents per gallon of gas. They are ripping us off alot more than the gas companies. Oh yeah, the gas tax increases when the gas price increases real nice.

paul young
03-07-2011, 01:38 PM
Care to specify what the subsities are? In my state, the tax on a gallon of gas is 38 cents a gallon. The last I saw the oil companies made an average profit on 9 cents a gallon or one fourth as much on a gallon of gas as the government. Nice profit for the government which has to do no work for the gas but makes four times on a gallon of gas as the oil companies do.

it would be great to stay on topic, please.

below is a link to financials for Shell for 2010. as you can see they posted a profit of $18.6 billion last year. WHY should we offer them subsidies that our tax dollars pay for?-Paul

http://www.shell.com/home/content/investor/financial_information/quarterlyresults/2010/q4/

caryalsobrook
03-07-2011, 01:45 PM
it would be great to stay on topic, please.

below is a link to financials for Shell for 2010. as you can see they posted a profit of $18.6 billion last year. WHY should we offer them subsidies that our tax dollars pay for?-Paul

http://www.shell.com/home/content/investor/financial_information/quarterlyresults/2010/q4/

I asked you what the subsidies were. That wasn't the topic?????????????????????

paul young
03-07-2011, 01:55 PM
they are approximately $4 billion of our tax dollars a year given to the oil corporations. even Mr. Hofmeister says it's not necessary. if that's the case, i think that it would be a good place to shave a little off the budget.-Paul

caryalsobrook
03-07-2011, 02:05 PM
they are approximately $4 billion of our tax dollars a year given to the oil corporations. even Mr. Hofmeister says it's not necessary. if that's the case, i think that it would be a good place to shave a little off the budget.-Paul

Are you saying that the government writes a check to the oil companies to the tune of 4 billion dollars? If not are you saying that it is 4 billion dollars less that they tax the oil companies? If this is the case then SINCE WHEN WAS IT OUR DOLLARS IN THE FIRST PLACE!
Sounds like progressives, liberals, socialists, marxists, you take your pick, that feel as if the money belongs to the government and they decide how much of your money they let you keep.
Again tell me if the Government writes a check to the oil companies to the tune of 5 billion dollars.

huntinman
03-07-2011, 02:05 PM
they are approximately $4 billion of our tax dollars a year given to the oil corporations. even Mr. Hofmeister says it's not necessary. if that's the case, i think that it would be a good place to shave a little off the budget.-Paul

Maybe you should let you elected officials from CT know how you feel. I would wager that they get some of that 4 Bil back from oil lobbyists along with most of the other elected official from around the country. That's why they want to keep earmarks...so they can get their dirty paws on the money. This is a problem in every industry, not just oil.

Doc E
03-07-2011, 02:06 PM
100% no need for oil subsidies.



.

Franco
03-07-2011, 02:09 PM
they are approximately $4 billion of our tax dollars a year given to the oil corporations. even Mr. Hofmeister says it's not necessary. if that's the case, i think that it would be a good place to shave a little off the budget.-Paul

That's because Mr Hofmeister is the former President of Shell Oil Company. They don't need any financial help. The government help goes mostly to small companies who compete with the oil giants so yes, Mr Hofmeister would like to eliminate the competition from the smaller comapnies.

Mr Hofmeister has also gone on record for regretting that he sent financial support to Obama's campaign and also regerts voting for Obama.

P S

You still haven't answered the question of where the money goes.

Some is going to help new innovative companies. Soem of it goes to research on how to improve fuel usage. Many oil companies are actually doing research for the Fed Government.
Some of that money goes to them so that they will drill in countries that need us for thier economic survival. What company in thier right mind is going to drill in the Congo without Federal support?

I have no problem with eliminating the money but don't try a fool folks that it is some sort of charity to the oil companies.

paul young
03-07-2011, 02:28 PM
i don't think anyone really knows where it goes. that's part of the problem. here's another link that sheds some more light.-Paul

http://www.progress.org/2003/energy22.htm

paul young
03-07-2011, 02:36 PM
Maybe you should let you elected officials from CT know how you feel. I would wager that they get some of that 4 Bil back from oil lobbyists along with most of the other elected official from around the country. That's why they want to keep earmarks...so they can get their dirty paws on the money. This is a problem in every industry, not just oil.

Bill, the Connecticut lawmakers voted for it, so there's no need for me to complain to them. THEY TRIED....Paul

caryalsobrook
03-07-2011, 02:41 PM
i don't think anyone really knows where it goes. that's part of the problem. here's another link that sheds some more light.-Paul

http://www.progress.org/2003/energy22.htm

I won't go thought all the things this group calls subsidies other than to say they lessen the taxes on the oil companies such as requiring depreciating expenses over a period of time. the most laughable claim of a subsidity is the claim that the oil companies are subsidized by the government in the roads and bridges that the government builds. The tax that all of us pay at the pump was origianally levied do do precisely just that. What a joke that article is.

paul young
03-07-2011, 03:40 PM
I won't go thought all the things this group calls subsidies other than to say they lessen the taxes on the oil companies such as requiring depreciating expenses over a period of time. the most laughable claim of a subsidity is the claim that the oil companies are subsidized by the government in the roads and bridges that the government builds. The tax that all of us pay at the pump was origianally levied do do precisely just that. What a joke that article is.

you may need to read a little closer. the article deals with more than subsidies. i referenced it so that others could see what form these subsidies take. you are referring to the portion of the article that talks about taxes on oil products, which has nothing to do with oil production. these taxes are imposed on the retail product. the federal and state government collect them.

i hardly think any of this is a joke.

and i sure as hell don't think a company like EXXON, SHELL, MOBIL, etc. need or deserve subsidies in the form of tax breaks.-Paul

LokiMeister
03-07-2011, 03:51 PM
Are you saying that the government writes a check to the oil companies to the tune of 4 billion dollars? If not are you saying that it is 4 billion dollars less that they tax the oil companies? If this is the case then SINCE WHEN WAS IT OUR DOLLARS IN THE FIRST PLACE!
Sounds like progressives, liberals, socialists, marxists, you take your pick, that feel as if the money belongs to the government and they decide how much of your money they let you keep.
Again tell me if the Government writes a check to the oil companies to the tune of 5 billion dollars.

As a small business owner, I wish I could get taxed at the same rates that Big Oil does. The last couple years would have been A LOT easier. By in large, where does the government go to get most of their new tax dollars? Small businesses.

caryalsobrook
03-07-2011, 04:09 PM
As a small business owner, I wish I could get taxed at the same rates that Big Oil does. The last couple years would have been A LOT easier. By in large, where does the government go to get most of their new tax dollars? Small businesses.

I also was a small business owner and you have never heard me say anything but the best of things about small business. They take the risks and they usually only have their own money to invest and if they borrow, everything they own stands for the debt. I am full well of the taxes and regulations they endure.
Take Obamacare forinstance. they have already given over 120 waivers from the regulations for health insurance to individual companies. Most of those were to mitigate his mistatement "If you have health insurance, you can keep your health insurance." McDonalds was to make public this completely false statement. I'm sure you don't expect to get the same waiver if need to let your employees keep their insurance. The subsities these people talk about are in fact less taxes. I believe in much less government and much less income redistribution. What liberals call a regressive tax, I call an enlightened tax. Some here have called it a consumption tax. That is if you consume it then you pay tax on it. The worst thing that ever happened to this country was the creation of the income tax. Without it you have no deductions and do not have 70,000 pages of tax law. A consumption tax would be open for all to see. If you thought it too much then you could vote the pols out of office. The system as you know has hidden taxes everywhere. I've said enough but please don't get the wrong impression of where I stand especially about small business.

huntinman
03-07-2011, 04:19 PM
I also was a small business owner and you have never heard me say anything but the best of things about small business. They take the risks and they usually only have their own money to invest and if they borrow, everything they own stands for the debt. I am full well of the taxes and regulations they endure.
Take Obamacare forinstance. they have already given over 120 waivers from the regulations for health insurance to individual companies. Most of those were to mitigate his mistatement "If you have health insurance, you can keep your health insurance." McDonalds was to make public this completely false statement. I'm sure you don't expect to get the same waiver if need to let your employees keep their insurance. The subsities these people talk about are in fact less taxes. I believe in much less government and much less income redistribution. What liberals call a regressive tax, I call an enlightened tax. Some here have called it a consumption tax. That is if you consume it then you pay tax on it. The worst thing that ever happened to this country was the creation of the income tax. Without it you have no deductions and do not have 70,000 pages of tax law. A consumption tax would be open for all to see. If you thought it too much then you could vote the pols out of office. The system as you know has hidden taxes everywhere. I've said enough but please don't get the wrong impression of where I stand especially about small business.

up to about 1,000 waivers now...

LokiMeister
03-07-2011, 04:47 PM
I also was a small business owner and you have never heard me say anything but the best of things about small business. They take the risks and they usually only have their own money to invest and if they borrow, everything they own stands for the debt. I am full well of the taxes and regulations they endure.
Take Obamacare forinstance. they have already given over 120 waivers from the regulations for health insurance to individual companies. Most of those were to mitigate his mistatement "If you have health insurance, you can keep your health insurance." McDonalds was to make public this completely false statement. I'm sure you don't expect to get the same waiver if need to let your employees keep their insurance. The subsities these people talk about are in fact less taxes. I believe in much less government and much less income redistribution. What liberals call a regressive tax, I call an enlightened tax. Some here have called it a consumption tax. That is if you consume it then you pay tax on it. The worst thing that ever happened to this country was the creation of the income tax. Without it you have no deductions and do not have 70,000 pages of tax law. A consumption tax would be open for all to see. If you thought it too much then you could vote the pols out of office. The system as you know has hidden taxes everywhere. I've said enough but please don't get the wrong impression of where I stand especially about small business.

I believe in less government and less income distribution also. In fact, one of my favorite lines is, "What are you doing with MY money?!" But why should the burden be put on the largest employer in the country (small business)? We need to remove barriers for small businesses not create them. Look at what Carter did (jacka$$). If you were a legal alien and you wanted to start a small business in America, you didn't pay corporate tax for FIVE years. Now you tell me, why would you want to give only foreigners (I am holding my tongue on what I really want to call them) a tax break instead of your own flesh and blood. THAT'S the definition of Un-American.

My Father in 1977 could have used that tax break. In 2009, when I bought the company, I could have used a tax break. The guy down the street has a gas station that is cycled through his family so they don't have to pay taxes. I cannot do that simply because I was born here and they weren't.

Franco
03-07-2011, 04:56 PM
My Father in 1977 could have used that tax break. In 2009, when I bought the company, I could have used a tax break. The guy down the street has a gas station that is cycled through his family so they don't have to pay taxes. I cannot do that simply because I was born here and they weren't.

Not long ago, many Americans owned gas stations as Franchisees.

However, since all the major oil companies have most of thier prefered stock owned by the Saudis, they have taken these franchises away from the folks that built them and have given preference to Muslims in the U S A.

I'd rather buy my gas at a Citgo where I can get it without the damaging Ethanol or subsidizing terror.

sandyg
03-07-2011, 05:29 PM
Not long ago, many Americans owned gas stations as Franchisees.

However, since all the major oil companies have most of thier prefered stock owned by the Saudis, they have taken these franchises away from the folks that built them and have given preference to Muslims in the U S A.

I'd rather buy my gas at a Citgo where I can get it without the damaging Ethanol or subsidizing terror.

Citgo is a U.S. refining and marketing firm that is a wholly owned subsidiary of Venezuela's state-owned oil company. Venezuela isn't exactly a friend of the U.S.

Franco
03-07-2011, 05:36 PM
Citgo is a U.S. refining and marketing firm that is a wholly owned subsidiary of Venezuela's state-owned oil company. Venezuela isn't exactly a friend of the U.S.

And neither is Saudi Arabia, Liybia, Iran, Yemen, Iraq and a bunch of others! Plus, I get it it without Ethanol which destroys engines and outboards and delivers more mpg's.

I would suggest;

google "pure gas"

There are several sites devoted to providing filling stations that pump it.

Not all Citgos sell pure gas and there are other named filling stations that do. Some states that are oppressive ban pure gas altogether.