Energy Bill Blocked by Senate Republicans Because of Taxes on Oil Companies

Of course it was. That is why Congress gave those subsidies to the oil companies while oil prices were in the toilet. We needed to keep American oil companies afloat so that we would not have to depend entirely on foreign companies for our energy needs.

I really do wish that at the time, they had given an equivalent amount of money specifically for developing alternative sources of energy, but that didn't happen, so here we are.

t_j/texx method of debate. When you can't make salient points, demean and belittle the person you are debating with.

Not mad because they are making profits, but I am a little perturbed that the subsidies we gave them in the 90s (you know, the ones that were specifically given because oil prices were so low) have not been rescinded.

It is not "punitive actions against them for being successful," it is repealing corporate welfare that is obviously no longer needed. I would prefer that this money go towards alternative energy development as the ultimate goal needs to be weaning us from foreign oil in the short term and altogether in the long term.

 

By the way guys, PM me if you want to know some stocks to buy to absolutely make a killing off the coming energy price environment. I'm happy to help others make money. Even you andymoon.

 

In the absence of anything substantial to refute it, yes. That is how debate works, though I would not expect you to know anything about that.

Yes, your inability to debate the substance of an argument using facts and available evidence is frequently amusing to me.

There you go, debating the substance. The only thing you lack now is a link so that the rest of us can read this analysis and understand the issue the way you do. TIA

You are correct, and this "disaster scenario" is yet one more reason to give the oil subsidies given to keep oil companies afloat in the '90s to companies that are aggressively developing sources of energy that could wean us off of oil.

Solution: Develop alternatives like cheap solar and wind, expand nuclear production, and explore space based collection of solar power.

As much as I can, yes. I am looking into a company that will install solar collectors on my house and lock in a guaranteed rate of electricity for a decade. Unfortunately, I don't have as much money as the people who truly benefitted from Bush's tax cuts, so I will not capitalize nearly as much as they will.

You will be hard pressed to find a single instance where I blamed Bush directly for my lack of wealth. The biggest reason I am not wealthy is that there is very little class mobility in America these days and my parents are not wealthy, handicapping me. The next biggest reason is circumstances, Allison and September 11, that dried up the market for my biggest talents right when I was beginning to capitalize on them. Neither of those circumstances were faults of anyone on Earth.

I think the arguments you are referring to are refutations of your claims of a "booming" economy. The economy has definitely boomed for people who were already wealthy, buoyed by Bush's tax cuts for the already wealthy, but average Americans have been treading water or falling behind and have not seen an improvement until the last 12 months or so.

Actually, it requires one other thing: money. I had the idea for the DVR in 1995, but had no capital to develop it. I have various ideas that could make money right now, but again, no money to develop them.

So, I am investing in the one thing that I know will have major returns, my MBA. Once I complete my degree, I will have vastly more income potential than I have now and will also be able to get back into teaching, which was the best time I have had in my professional life.

Thankfully, unlike you, I also don't see money as the be-all, end-all measure of success. I have a wonderful wife, two fantastic children, and we are buying our house. I and my family are in great health, are happy, and I even get to attend all of the Rockets games.

I suspect with your attitude, you will be lucky to attain half the success that I have.

 

Many of our boats have not been lifted by the "booming" economy and Bush's tax cuts enough to have the money to invest.

 

You were at least 7 years too late on the DVR idea. A patent for a DVR (time slipping, recording, commercial skipping) was granted in the late 80s.

 

I currently work for an energy company in credit working with natural gas traders. what's your experience?

and oil just fell 10% last week on opec saying they will increase production.

that's great, this is 2007

more speculation

We know about Opec, they're over forty years old.

and the point is? more speculation?

more talking points. basically, you've provided one point of substance. Matt Simmons, who may or may not be right.

You name drop OPEC as a problem when they've been in existance for over forty years. You can't talk abut the straight of Hormuz like its a new issue. Its all speculation, my point exactly

 

maybe you should have tried harder...

ouch...

 

I googled net profit margins. This page lists the top net profit margins per industry. Look at Oil companies compared to the rest. They are by far, the highest net profit margins.

http://www.theonlineinvestor.com/margin_topten.phtml

we already have, read the thread

 

How exactly does effort overcome the inability to purchase hardware to develop the idea?

That patent didn't keep ReplayTV from bringing their product to market in '98, nor did it stop TiVo's launch in '99.

 

I'm on record for supporting higher oil prices, moving away from fossil fuels and fiscal responsibility. Closing the tax loopholes and incentives granted to oil companies in the 90's helps with all of those.

 

Soooooooo, did anyone see the good news regarding this bill?


OWNED

 

I guess the Auto companies did...