View Single Post
Old 05-13-2011, 10:53 AM  
TheDoc
Too lazy to set a custom title
 
TheDoc's Avatar
 
Industry Role:
Join Date: Jul 2001
Location: Currently Incognito
Posts: 13,827
Well it is from fox....

1. The industry doesn’t receive any taxpayer funded subsides. None.

That's true, we do not fund an "industry" our taxpayer funded subsides go to "companies" directly.

2. Rampant speculation and Wall Street tricks aren’t driving up gas prices.

But they are responsible for the big fluctuation in prices we have, like right now they're going up on speculation that Mississippi wont be able to refine it - however they will go down, so clearly they aren't "tricks driving up gas prices" if they also go down.

3. The oil and gas industry is not dodging the taxes they owe and withholding “their fair share.”

That depends on how you look at it... Under IRS Code Section 199, Oil Companies pay 3% less tax compared to other companies paying on tax on those same royalties to other Countries. While they aren't "dodging" what is legally in the tax code, it's really not something you would call fair in the idea of the free market.
__________________
~TheDoc - ICQ7765825
It's all disambiguation

Last edited by TheDoc; 05-13-2011 at 10:54 AM..
TheDoc is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote