How much would a "windfall profit tax" add to the price of gasoline per gallon in the U.S.? (each star representing 10 cents)
Submitted 212 days ago by Mags59FavoriteEmbedOptions
How much would a "windfall profit tax" add to the price of gasoline per gallon in the U.S.? (each star representing 10 cents)(Please click one)
All he would HAVE to do is make the bastards pay their past royalties - with interest. But they'd used THAT excuse to hike our prices anyway. I'd rather see him threaten to break up the oil companies like the government broke up Ma Bell. Maybe just the THREAT of charging them windfall profit taxes will be enough to see the prices begin to fade. Last time the gas prices dropped significantly on a national basis (despite increasing oil prices) was when Kentucky's Attorney General threatened to file suit for profiteering. Then suddenly the prices began to decline ...
[1 point]212 days ago by sillynillyReplyEdited 212 days ago by sillynilly
The royalties our oil companies are supposed to pay us for pulling our oil from our national lands. They don't bother to pay us. They consider it free oil, refine it and then charge us outrageous prices while crying about what the middle east is charging. That's why they've been enjoying these "windfall profits" while oil is at an all time high. But they don't talk about it much on the news. And they say the media is "liberal"... (lol)
It makes no sense to add an additional cost that will be passed on to the consumer.
They can instead lower the price by funding research into alternative energy. If the government encourage competition against oil, the oil companies will compensate by trying to lower the price so that alternatives are less appealing.
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All he would HAVE to do is make the bastards pay their past royalties - with interest. But they'd used THAT excuse to hike our prices anyway. I'd rather see him threaten to break up the oil companies like the government broke up Ma Bell. Maybe just the THREAT of charging them windfall profit taxes will be enough to see the prices begin to fade. Last time the gas prices dropped significantly on a national basis (despite increasing oil prices) was when Kentucky's Attorney General threatened to file suit for profiteering. Then suddenly the prices began to decline ...
What royalties?
The royalties our oil companies are supposed to pay us for pulling our oil from our national lands. They don't bother to pay us. They consider it free oil, refine it and then charge us outrageous prices while crying about what the middle east is charging. That's why they've been enjoying these "windfall profits" while oil is at an all time high. But they don't talk about it much on the news. And they say the media is "liberal"... (lol)
http://www.cbsnews.com/stories/2006/09/13/politics/main2007122.shtml
http://www.nytimes.com/2006/12/09/business/09royalty.html
Silly, I LOVE ewe!
It makes no sense to add an additional cost that will be passed on to the consumer.
They can instead lower the price by funding research into alternative energy. If the government encourage competition against oil, the oil companies will compensate by trying to lower the price so that alternatives are less appealing.