President Bush orders gasoline probe around high prices

Froomkin:

http://www.washingtonpost.com/wp-dyn/content/linkset/2005/04/11/LI2005041100879.html

 

You're hilarious.

 

thats around 1/2 million a week and that would effect the crude inventories every week. granted its not going to flood the market with oil but when you are dealing with numbers from week to week that are generally around -5 million to +5 million on the crude inventories then it might help. but i don't completely understand how the crude inventories work even though i trade off them every wednesday.

 

Ok. Thanks for the 2 cents on Snopes.com.

By the way, I did not forward the BS e-mail to anyone, I am smarter than that.

 

I hear ya. I apologize for my choice of words.

Each time I get an email like the one you posted, I always check Snopes first. I usually never forward that stuff around either way, but I like to know if it is BS or not.

 

This country needs Teddy Roosevelt more than the Republican Party does.

 

more bush bamboozlement --

Tax Breaks for Big Oil: Bush Was For it Before He Was Against It

By Paul Kiel - April 25, 2006, 3:35 PM

Today, President Bush rolled out his brave plan to roll back billions in tax breaks for energy companies. But you wouldn't know from the coverage so far that what he's really talking about is rolling back some of the more disastrous measures of the energy bill he himself signed into law last year.

Here's the key snippet from his speech today:

The 2005 energy bill included $14.5 billion in tax breaks. It's not clear just which "unnecessary tax breaks" in particular he's talking about repealing, but he'll be hard pressed to find any that he himself didn't sign into law.

The only measure that he mentions specifically here, the "use of taxpayer money to subsidize energy research into deep water drilling," refers to former Majority Leader Tom DeLay's pet project, a $1.55 billion boondoggle to benefit the Texas Energy Center in Sugar Land that DeLay inserted into the energy bill. It was part of the bill that Bush signed, but now that DeLay's out of the picture, Bush can safely cut it out.

So what other "unnecessary" measures will Bush find in his own one-year old bill? Stay tuned.

http://www.tpmmuckraker.com/archives/000455.php

 

Flip Flop

 

I find it amazing that while working Americans are busting their butt trying to work, provide for their families and pay crazy prices for gas, the oil and gas industry is making record profits AND getting 14.5 billion in tax breaks.

incredible

 

Energy companies have been treated with all kinds of breaks. They even have their own type of business association seperate from a regular corporation. Similar to an S-corp, they can retain a large size but not have to deal with double-taxation on the directing shareholders OR liability. This should even piss off the rich people.

 

A little predictions of the Gas station signs in a few months

Regular unleaded
by May $3.15
by June $4.08
by July $6.32
by Aug. $ I advise you to walk

 

Texxx, as somebody who makes a big show about his knowledge of the energy industry, could you comment on the topic at hand? After all, you did start this thread. Now you're trying to tangent us into extraneous matters.

You owe us the courtesy of an opinon related to the"Whodunit" with respect to the gassy probe.

 

Personally, I LOVE it when people do well. However, corporations are not people. In addition, as I have clearly shown, the only people "do[ing] well" in this economy are the ultra rich.

I would be extremely happy if "people," in general, were "doing well," but that is simply not the case.

 

Ladies and gentlemen I am annoucing today that I will propose a $5 a barrel duty on all imported oil coming in to this country. The proceeds from this tax will go directly into a new government initiative, a full out crash program to develop energy independence for the United States. The tax will be phased in over 5 years so get your sh*t together.

 

Really? A corporation is actually a person?!?!?!

Duh. You really don't have any grip on reality, do you?

My point (the one you ignored) is that regular people are not "doing well" as you claimed. Rich people certainly are and corporations certainly are, but regular people are treading water or drowning.

No matter how much you crow about GDP growth, corporate profits, or your own personal tax windfall, the fact remains that most of us are not seeing any benefit from what you call a "booming" economy.

 

maybe maybe no