Say thanks to the democrats for trying to raise gas prices!!!!! - GoFuckYourself.com

DateDoc · 02-28-2008, 02:50 PM

House democrats have pushed through an $18 billion tax bill that will be assessed on the oil companies. Senate democrats have vowed to expedite approval of the bill.

Can the oil companies afford these taxes? Yes, they can. Will they pay these taxes? They will pay the tax bill but it is really us, the consumer, that will pay for these taxes through higher prices at the pump!

$5/gallon gas will be here very soon if this goes through. Thankfully, Bush has vowed to veto this bill.

http://money.cnn.com/2008/02/27/news...ion=2008022718

SHANESWORLD · 02-28-2008, 02:54 PM

i think people don't know who to thank at this point.

we're supposed to be thanking china.

crockett · 02-28-2008, 02:58 PM

Quote:

Originally Posted by DateDoc

House democrats have pushed through an $18 billion tax bill that will be assessed on the oil companies. Senate democrats have vowed to expedite approval of the bill.

Can the oil companies afford these taxes? Yes, they can. Will they pay these taxes? They will pay the tax bill but it is really us, the consumer, that will pay for these taxes through higher prices at the pump!

$5/gallon gas will be here very soon if this goes through. Thankfully, Bush has vowed to veto this bill.

http://money.cnn.com/2008/02/27/news...ion=2008022718

Did you even bother to read any info about this? or are you just spewing out the typical uneducated republican scare tactics?

It's 18 billion divided by 5 oil companies across 10 years. That's 1.8 billion per oil company or 180 million a year each. Not of "new" taxes either just money that they should have been paying but were given tax credits on for the last several years.

Since those same oil companies profited 123 billion just last year alone. Congress has decided to turn back two tax cuts the oil companies have been "given".

Sorry but George Bush has more of an effect on oil prices when he starts talking about invading Iran than this would.

crockett · 02-28-2008, 03:03 PM

Oh and btw this is tax money.. If they raise the price of gas they will also be raising the amount of taxes they pay. You can't pass the cost of taxes onto the consumer it just don't work that way.

tiger · 02-28-2008, 03:04 PM

Quote:

Originally Posted by crockett

Did you even bother to read any info about this? or are you just spewing out the typical uneducated republican scare tactics?

It's 18 billion divided by 5 oil companies across 10 years. That's 1.8 billion per oil company or 180 million a year each. Not of "new" taxes either just money that they should have been paying but were given tax credits on for the last several years.

Since those same oil companies profited 123 billion just last year alone. Congress has decided to turn back two tax cuts the oil companies have been "given".

Sorry but George Bush has more of an effect on oil prices when he starts talking about invading Iran than this would.

Pwned!

DateDoc · 02-28-2008, 03:06 PM

Quote:

Originally Posted by crockett

Did you even bother to read any info about this? or are you just spewing out the typical uneducated republican scare tactics?

It's 18 billion divided by 5 oil companies across 10 years. That's 1.8 billion per oil company or 180 million a year each. Not of "new" taxes either just money that they should have been paying but were given tax credits on for the last several years.

Since those same oil companies profited 123 billion just last year alone. Congress has decided to turn back two tax cuts the oil companies have been "given".

Sorry but George Bush has more of an effect on oil prices when he starts talking about invading Iran than this would.

Great and you think this extra cost will not be passed along to the consumer? Dream on. And to quote the article from CNN....

Quote:

The House approved $18 billion in new taxes on the largest oil companies Wednesday as Democrats cited record oil prices and rising gasoline costs in a time of economic troubles.

Kermitt · 02-28-2008, 03:09 PM

Quote:

Originally Posted by crockett

Oh and btw this is tax money.. If they raise the price of gas they will also be raising the amount of taxes they pay. You can't pass the cost of taxes onto the consumer it just don't work that way.

Not true. The federal gas tax is per gallon, not a percentage of the price.

crockett · 02-28-2008, 03:11 PM

Quote:

Originally Posted by Kermitt

Not true. The federal gas tax is per gallon, not a percentage of the price.

It's not a federal tax per gallon.. It's federal taxes on what the oil companies earn. IE their profits..

DateDoc · 02-28-2008, 03:13 PM

Quote:

Originally Posted by crockett

You can't pass the cost of taxes onto the consumer it just don't work that way.

Yikes, that is just asinine. Taxes are figured into the price of everything and passed on to the consumer. Do you think a company does not figure in what it is going to have to pay in taxes into the cost of a product?

who · 02-28-2008, 03:14 PM

You still grossly underpay for gasoline compared to the rest of the world.

crockett · 02-28-2008, 03:15 PM

Quote:

Originally Posted by DateDoc

Great and you think this extra cost will not be passed along to the consumer? Dream on. And to quote the article from CNN....

It's taxes on earnings.. They CAN NOT pass the cost of taxes onto the consumer. It comes out of their profits not the consumers pockets.

crockett · 02-28-2008, 03:17 PM

Quote:

Originally Posted by DateDoc

Yikes, that is just asinine. Taxes are figured into the price of everything and passed on to the consumer. Do you think a company does not figure in what it is going to have to pay in taxes into the cost of a product?

If they charge more.. guess what they pay "more" taxes.. It's like a dog chasing his tail it just dosn't do much for them.

Gunni · 02-28-2008, 03:18 PM

how much did gas cost in the US before Bush?

crockett · 02-28-2008, 03:26 PM

Quote:

Originally Posted by Gunni

how much did gas cost in the US before Bush?

2001 $1.6821 (peak $2.008) now it's over $3/us gal. I guess it's good for big oil to have a oil man in the white house.

In 2000 gas price averaged $1.54... so it's dubbled since Bush came to office yet its the Democrats fault.. lol

Penthouse Tony · 02-28-2008, 03:27 PM

Quote:

Originally Posted by crockett

It's taxes on earnings.. They CAN NOT pass the cost of taxes onto the consumer. It comes out of their profits not the consumers pockets.

You don't think they will try to earn more?

Penthouse Tony · 02-28-2008, 03:28 PM

The economy is too shitty right now and inflation is too high for this to pass and Bush not to veto.

DateDoc · 02-28-2008, 03:32 PM

Quote:

Originally Posted by crockett

If they charge more.. guess what they pay "more" taxes.. It's like a dog chasing his tail it just dosn't do much for them.

Let me see if i can explain this so you can understand it.

Year 1 - Company A makes $100k in pre-tax net revenue.
Taxes are at 25% so Company A pays $25k in taxes and nets $75k post-tax.
Year 2 - Govt raises taxes and taxes go up to 30%.
Company A (knowing taxes will be higher) raised the price of what it sells by 10% and has a pre-tax net revenue of $110k (it would in fact be higher but I will spare those details for you).
30% taxes are $33k yielding a post-tax profit of $77k.
Company A actually made more $$ and paid the higher tax rate. Oh wait, they passed the taxes on to the consumer. The fact that they can do this is because all other companies will too.

tony286 · 02-28-2008, 03:35 PM

Quote:

Originally Posted by crockett

2001 $1.6821 (peak $2.008) now it's over $3/us gal. I guess it's good for big oil to have a oil man in the white house.

In 2000 gas price averaged $1.54... so it's dubbled since Bush came to office yet its the Democrats fault.. lol

They seem to forget those little facts.

crockett · 02-28-2008, 03:39 PM

Quote:

Originally Posted by Sagi_AFF

You don't think they will try to earn more?

If they earn more good for them, but this this tax still wont come out of the consumers pocket.

DateDoc · 02-28-2008, 03:41 PM

Quote:

Originally Posted by tony404

They seem to forget those little facts.

You seem to forget that the president has little to do with oil prices as they are controlled by the commodities/futures market more than any other factor. Oil and gas went way up because of Katrina. Sure, Katrina may have had some effect on production in the Gulf but it had nothing to do with production in the Middle East. The fact that people could profit of higher prices in the commodities market steered the price upwards.

DateDoc · 02-28-2008, 03:43 PM

If the Govt came out today and said corporate taxes will increase across the board 5% do you think the price of goods for the consumer would be the same tomorrow?

Quote:

Originally Posted by crockett

If they earn more good for them, but this this tax still wont come out of the consumers pocket.

crockett · 02-28-2008, 03:44 PM

Quote:

Originally Posted by DateDoc

Let me see if i can explain this so you can understand it.

Year 1 - Company A makes $100k in pre-tax net revenue.
Taxes are at 25% so Company A pays $25k in taxes and nets $75k post-tax.
Year 2 - Govt raises taxes and taxes go up to 30%.
Company A (knowing taxes will be higher) raised the price of what it sells by 10% and has a pre-tax net revenue of $110k (it would in fact be higher but I will spare those details for you).
30% taxes are $33k yielding a post-tax profit of $77k.
Company A actually made more $$ and paid the higher tax rate. Oh wait, they passed the taxes on to the consumer. The fact that they can do this is because all other companies will too.

Except you forget the little fact that gas is sold as a commodity. The price is set by the market not by the oil company. They can't just up the price because they feel like it. The price goes up based on supply and demand.

tranza · 02-28-2008, 03:45 PM

$5 gallon will be here simply because the world is running out of gas, you idiot.

Most of the countries already pay $5+ a gallon.

DateDoc · 02-28-2008, 03:46 PM

Quote:

Originally Posted by tranza

$5 gallon will be here simply because the world is running out of gas, you idiot.

Most of the countries already pay $5+ a gallon.

Do you know why they pay $5 plus per gallon "idiot"? because of the taxes levied by their government. Carry on to something you know about!

DateDoc · 02-28-2008, 03:52 PM

Quote:

Originally Posted by crockett

Except you forget the little fact that gas is sold as a commodity. The price is set by the market not by the oil company. They can't just up the price because they feel like it. The price goes up based on supply and demand.

Oh wow, I give up. You do realize you have just said the commodities market dictates the price of gas and that it is set by supply and demand. Which is it?

You are also saying Exxon has no control over the pricing of what it sells!!

Oil pricing is adjusted based on the commodities market which in turn means Exxon pays more for it, which in turns means they sell gas for more money, which in turn means you pay more for gas!

Brujah · 02-28-2008, 03:56 PM

Ok. Thanks democrats!

tony286 · 02-28-2008, 03:56 PM

I dont know but while clinton was president I was paying as little as 74 cents a gallon. Now oil men are in the white house and its on its way up to $5 a gallon and Dick cheney has super secret energy meetings with the oil companies. Hmmmm

Tempest · 02-28-2008, 03:57 PM

Didn't Saudi Arabia just give Bush the finger by cutting back on production.. i.e. that will raise the price of gas after he requested they increase production in order to lower it... The oil companies are milking the public for everything they can and make up any excuse they can... The price doesn't need to be up where it is.. they're just fucking with everyone to make billions more so they can buy up even more of the US.. and all because the masses are generally stupid...

IllTestYourGirls · 02-28-2008, 04:01 PM

and they can cut the supply anytime they want. So yes they can control the prices.

Quote:

Originally Posted by crockett

Except you forget the little fact that gas is sold as a commodity. The price is set by the market not by the oil company. They can't just up the price because they feel like it. The price goes up based on supply and demand.

crockett · 02-28-2008, 04:19 PM

Quote:

Originally Posted by IllTestYourGirls

and they can cut the supply anytime they want. So yes they can control the prices.

To an extent but the govt has some control on that. If they get caught deliberately reducing the production in order to create more profits there would be a shit storm.

Now you think they would risk that for 180 million a year in taxes that they were lucky to get out of paying prior to this?

GAMEFINEST · 02-28-2008, 04:28 PM

gas is way too expensive .. : (

woj · 02-28-2008, 04:51 PM

Government has to get the $$ from someone, it doesn't really matter if it's from oil companies or income tax or sales tax, etc... as long as the extra tax doesn't lead to extra spending, I think it makes little difference who/how much/when something is taxed (within reason)...

spunkmaster · 02-28-2008, 05:55 PM

Quote:

Originally Posted by DateDoc

Let me see if i can explain this so you can understand it.

Year 1 - Company A makes $100k in pre-tax net revenue.
Taxes are at 25% so Company A pays $25k in taxes and nets $75k post-tax.
Year 2 - Govt raises taxes and taxes go up to 30%.
Company A (knowing taxes will be higher) raised the price of what it sells by 10% and has a pre-tax net revenue of $110k (it would in fact be higher but I will spare those details for you).
30% taxes are $33k yielding a post-tax profit of $77k.
Company A actually made more $$ and paid the higher tax rate. Oh wait, they passed the taxes on to the consumer. The fact that they can do this is because all other companies will too.

Don't forget to add in the cost of Pizzer being delivered will go up 10%. The cost fly will go up and anyhing made from plastice will go up !

But wait the increased tax won't be passed on to us ?

IllTestYourGirls · 02-28-2008, 06:00 PM

Opec plays with supply all the time. They could pump more if they wanted, but they do not want to why would they?

Quote:

Originally Posted by crockett

To an extent but the govt has some control on that. If they get caught deliberately reducing the production in order to create more profits there would be a shit storm.

Now you think they would risk that for 180 million a year in taxes that they were lucky to get out of paying prior to this?

Penthouse Tony · 02-28-2008, 09:29 PM

Quote:

Originally Posted by crockett

If they earn more good for them, but this this tax still wont come out of the consumers pocket.

how do you suppose they will earn more?

spanky part 2 · 02-28-2008, 10:05 PM

Quote:

Originally Posted by crockett

If they charge more.. guess what they pay "more" taxes.. It's like a dog chasing his tail it just dosn't do much for them.

Iron Fist · 02-28-2008, 10:13 PM

crockett · 02-28-2008, 10:35 PM

Quote:

Originally Posted by IllTestYourGirls

Opec plays with supply all the time. They could pump more if they wanted, but they do not want to why would they?

Of course they do.. that's why this tax is a non issue. Even in the wildest dream that it raised the price of gas 18 billion over the course of 10 years. (that would be illegal of course) It probably wouldn't even equate to .0001 of a cent per gallon.

In fact I bet all the crying that's going on about this in the media and all over the Internet is probably going to cause the price of oil to go up and cost the consumer more than this tax hike will.

crockett · 02-28-2008, 10:42 PM

Here we go... best I could find in 2005 138,142,791,000 gallons of gas were sold in the United states.

So at 1.8 billion total per year among all 5 oil companies that would not even be 1 tenth of a penny price increase per gallon.

BFT3K · 02-28-2008, 10:52 PM

Quote:

Originally Posted by tony404

I dont know but while clinton was president I was paying as little as 74 cents a gallon. Now oil men are in the white house and its on its way up to $5 a gallon and Dick cheney has super secret energy meetings with the oil companies. Hmmmm

Tony, I think you and I see eye-to-eye on almost every thread I have ever seen you post on. Nice to see someone on GFY who sees things the way they really are.

Fuck big oil! I hope gas goes to $10 a gallon, so we are finally forced to roll out the electric cars and the alternate energy plans that scumbags like the Republican oil men have been repressing for so many years now.

Wake up America! Stop believing the lies, and stop buying into the fear!

The model T got 25 miles to the gallon. Nearly a hundred fucking years later the average car in America barely gets that mileage now. Are you fucking kidding me? Wake the fuck up!

tony286 · 02-28-2008, 11:01 PM

Quote:

Originally Posted by BFT3K

Tony, I think you and I see eye-to-eye on almost every thread I have ever seen you post on. Nice to see someone on GFY who sees things the way they really are.

Fuck big oil! I hope gas goes to $10 a gallon, so we are finally forced to roll out the electric cars and the alternate energy plans that scumbags like the Republican oil men have been repressing for so many years now.

Wake up America! Stop believing the lies, and stop buying into the fear!

The model T got 25 miles to the gallon. Nearly a hundred fucking years later the average car in America barely gets that mileage now. Are you fucking kidding me? Wake the fuck up!

I never knew that about the model T good one.

crockett · 02-28-2008, 11:04 PM

Quote:

Originally Posted by BFT3K

Tony, I think you and I see eye-to-eye on almost every thread I have ever seen you post on. Nice to see someone on GFY who sees things the way they really are.

Fuck big oil! I hope gas goes to $10 a gallon, so we are finally forced to roll out the electric cars and the alternate energy plans that scumbags like the Republican oil men have been repressing for so many years now.

Wake up America! Stop believing the lies, and stop buying into the fear!

The model T got 25 miles to the gallon. Nearly a hundred fucking years later the average car in America barely gets that mileage now. Are you fucking kidding me? Wake the fuck up!

I couldn't agree more, too bad any new fuel technology will be overtaken by the current big oil companies. They aren't going anywhere they make too much money.

Tempest · 02-28-2008, 11:04 PM

I love looking at graphics like this and corelating to them to things like.. oh I don't know.. a Bush in the white house..

http://upload.wikimedia.org/wikipedi...0a/Opecrev.gif

Dodge2hot · 02-28-2008, 11:25 PM

Naturally Bush will veto this. he stands to lose money if it goes through. So no way in hell with this go through until the Republicans are out of office..

theking · 02-28-2008, 11:47 PM

If I am not mistaken the oil companies are currently receiving an 8 plus percent return on their investment. Eight percent is more than some businesses and far less than other businesses. I personally do not have a complaint with an 8 plus percent return...and it is the share holders (people) that are the benefactors of the return. It has been said that as many as 48% of people that have stocks, 401 K's etc. have oil shares in their portfolios. Adjusted for inflation the price of gas is about the same as it was 40 years ago.

theking · 02-28-2008, 11:49 PM

Quote:

Originally Posted by Dodge2hot

Naturally Bush will veto this. he stands to lose money if it goes through. So no way in hell with this go through until the Republicans are out of office..

Educate me please...just how does the President benefit?

smack · 02-29-2008, 01:58 AM

Quote:

Originally Posted by tranza

$5 gallon will be here simply because the world is running out of gas, you idiot.

Most of the countries already pay $5+ a gallon.

the world is not running out of gas. "you idiot."

there is enough oil still locked in the ground to power the world well beyond our lifetime's, our children's lifetime's, and their children's lifetimes.

when they talk about oil being finite, they're talking in the long term.

BFT3K · 02-29-2008, 07:33 AM

This film is just one example of how the public gets fucked over by big oil.

When new battery technology finally started to make sense, guess who purchased the rights to the technology?

http://www.whokilledtheelectriccar.com/

spanky part 2 · 02-29-2008, 08:26 AM

For all you brilliant GFY economists, what do you think is gonna happen to the price of EVERYTHING when the gas goes to $5 a gallon.

All those things you buy are going to go up by 25-50%. Yes that's right it is going to cost more to buy your beer and nacho's.

I always love people that say shit like, buy stock in oil companies. When you can't buy a loaf of bread, or the gas to even go to the store, you won't be buying anything except what you need to live.

theking · 02-29-2008, 09:30 AM

Quote:

Originally Posted by spanky part 2

For all you brilliant GFY economists, what do you think is gonna happen to the price of EVERYTHING when the gas goes to $5 a gallon.

All those things you buy are going to go up by 25-50%. Yes that's right it is going to cost more to buy your beer and nacho's.

I always love people that say shit like, buy stock in oil companies. When you can't buy a loaf of bread, or the gas to even go to the store, you won't be buying anything except what you need to live.

Of course prices will go up but you blame the oil companies for the increase of the price of gas and this is not the case. The oil companies are currently operating at an 8 plus percent profit margin on their investment and they of course are in business to make a reasonable profit and I consider 8 plus percent to be a reasonable margin.

02-28-2008, 02:50 PM	#1
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	Say thanks to the democrats for trying to raise gas prices!!!!! House democrats have pushed through an $18 billion tax bill that will be assessed on the oil companies. Senate democrats have vowed to expedite approval of the bill. Can the oil companies afford these taxes? Yes, they can. Will they pay these taxes? They will pay the tax bill but it is really us, the consumer, that will pay for these taxes through higher prices at the pump! $5/gallon gas will be here very soon if this goes through. Thankfully, Bush has vowed to veto this bill. http://money.cnn.com/2008/02/27/news...ion=2008022718 __________________

02-28-2008, 02:54 PM	#2
SHANESWORLD Eric Join Date: Feb 2008 Posts: 577	i think people don't know who to thank at this point. we're supposed to be thanking china. __________________ SHANES WORLD ONLINE! - BETA IN 11 DAYS!

02-28-2008, 03:03 PM	#4
crockett in a van by the river Industry Role: Join Date: May 2003 Posts: 76,806	Oh and btw this is tax money.. If they raise the price of gas they will also be raising the amount of taxes they pay. You can't pass the cost of taxes onto the consumer it just don't work that way. __________________ In November, you can vote for America's next president or its first dictator.

02-28-2008, 03:28 PM	#16
Penthouse Tony Confirmed User Industry Role: Join Date: Apr 2004 Location: Mountain View, CA Posts: 5,835	The economy is too shitty right now and inflation is too high for this to pass and Bush not to veto. __________________ aamos AT FFN dot com Penthouse.com Business Development ICQ: 49090846 \| Yahoo IM: ff_aamos

02-28-2008, 03:45 PM	#23
tranza ICQ: 197-556-237 Join Date: Jun 2003 Location: BRASIL !!! Posts: 57,559	$5 gallon will be here simply because the world is running out of gas, you idiot. Most of the countries already pay $5+ a gallon. __________________ I'm just a newbie.

02-28-2008, 03:14 PM	#10
who So Fucking Banned Join Date: Aug 2003 Location: ICQ #23642053 Posts: 19,593	You still grossly underpay for gasoline compared to the rest of the world.

02-28-2008, 03:18 PM	#13
Gunni Confirmed User Industry Role: Join Date: Apr 2003 Location: Barcelona Posts: 2,385	how much did gas cost in the US before Bush?

02-28-2008, 03:56 PM	#26
Brujah Beer Money Baron Industry Role: Join Date: Jan 2001 Location: brujah / gmail Posts: 22,157	Ok. Thanks democrats! __________________ Free Premium Domain Lists and Tools at Clickmojo.com For Sale: Obscenity.com

02-28-2008, 03:56 PM	#27
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	I dont know but while clinton was president I was paying as little as 74 cents a gallon. Now oil men are in the white house and its on its way up to $5 a gallon and Dick cheney has super secret energy meetings with the oil companies. Hmmmm

02-28-2008, 03:57 PM	#28
Tempest Too lazy to set a custom title Industry Role: Join Date: May 2004 Location: West Coast, Canada. Posts: 10,217	Didn't Saudi Arabia just give Bush the finger by cutting back on production.. i.e. that will raise the price of gas after he requested they increase production in order to lower it... The oil companies are milking the public for everything they can and make up any excuse they can... The price doesn't need to be up where it is.. they're just fucking with everyone to make billions more so they can buy up even more of the US.. and all because the masses are generally stupid...

02-28-2008, 04:28 PM	#31
GAMEFINEST Make STACK$ Industry Role: Join Date: Nov 2006 Location: sexy time Posts: 14,449	gas is way too expensive .. : ( __________________ Compound interest.

02-28-2008, 04:51 PM	#32
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	Government has to get the $$ from someone, it doesn't really matter if it's from oil companies or income tax or sales tax, etc... as long as the extra tax doesn't lead to extra spending, I think it makes little difference who/how much/when something is taxed (within reason)... __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

02-28-2008, 10:13 PM	#37
Iron Fist Too lazy to set a custom title Join Date: Dec 2006 Posts: 23,400	__________________ i like waffles

02-28-2008, 10:42 PM	#39
crockett in a van by the river Industry Role: Join Date: May 2003 Posts: 76,806	Here we go... best I could find in 2005 138,142,791,000 gallons of gas were sold in the United states. So at 1.8 billion total per year among all 5 oil companies that would not even be 1 tenth of a penny price increase per gallon. __________________ In November, you can vote for America's next president or its first dictator.

02-28-2008, 11:04 PM	#43
Tempest Too lazy to set a custom title Industry Role: Join Date: May 2004 Location: West Coast, Canada. Posts: 10,217	I love looking at graphics like this and corelating to them to things like.. oh I don't know.. a Bush in the white house.. http://upload.wikimedia.org/wikipedi...0a/Opecrev.gif

02-28-2008, 11:25 PM	#44
Dodge2hot Confirmed User Join Date: Sep 2005 Posts: 197	Naturally Bush will veto this. he stands to lose money if it goes through. So no way in hell with this go through until the Republicans are out of office.. __________________ Sexy N Nude

02-28-2008, 11:47 PM	#45
theking Nice Kitty Industry Role: Join Date: Sep 2002 Location: The good old USA!!! Posts: 21,053	If I am not mistaken the oil companies are currently receiving an 8 plus percent return on their investment. Eight percent is more than some businesses and far less than other businesses. I personally do not have a complaint with an 8 plus percent return...and it is the share holders (people) that are the benefactors of the return. It has been said that as many as 48% of people that have stocks, 401 K's etc. have oil shares in their portfolios. Adjusted for inflation the price of gas is about the same as it was 40 years ago. __________________ When you're running down my country hoss...you're walking on the fighting side of me! FOR THE LYING LOWLIFE POSTING AS PATHFINDER...https://gfy.com/fucking-around-and-pr...athfinder.html

02-29-2008, 07:33 AM	#48
BFT3K Too lazy to set a custom title Industry Role: Join Date: Dec 2005 Location: Narnia Posts: 10,764	This film is just one example of how the public gets fucked over by big oil. When new battery technology finally started to make sense, guess who purchased the rights to the technology? http://www.whokilledtheelectriccar.com/

02-29-2008, 08:26 AM	#49
spanky part 2 Confirmed User Join Date: Oct 2003 Posts: 1,981	For all you brilliant GFY economists, what do you think is gonna happen to the price of EVERYTHING when the gas goes to $5 a gallon. All those things you buy are going to go up by 25-50%. Yes that's right it is going to cost more to buy your beer and nacho's. I always love people that say shit like, buy stock in oil companies. When you can't buy a loaf of bread, or the gas to even go to the store, you won't be buying anything except what you need to live.