clinton's gas plan
 

Just yesterday I was reading an article about the problem with oil exploration in Russia. The article explained that because the russian govn't takes 80% of oil revenue above $26 a barrel there is little money left for exploration. The result is russian oil fields are drying up and there is no buildout of new ones even though the price of oil justifies the new ones.
Today I see Clinton wants a windfall tax on oil companies in the US.

Does anyone else see the relationship between these two stories?

I do not see a relationship really. Though I do already see a giant ass windfall tax on the sticker prices at the gas station. Actually come to think of it, they prolly make more than the oil companies on gas sales anyways.

Not unless she taxes everything over $26 per barrel at 100%.

They make 1 or 2 cents per gallon and are lucky if it covers their rent.

Not what the stations make, I am talking about the taxes at the pumps.

Dont see taxing them more but I do see taking away their tax subsidies.

People have a lot of stock in oil companies without even knowing it. Taxing the companies would just mean higher prices at the pump and lower gains on the stock.

How about dragging the dollar out of the fucking sewer then we will see cheap gas again? Or let the gas go to $10 a gallon in the US and make people look for other options. Those are basically the only to solutions. But everyone talks about the symptoms and not the problem.

problem is this "war" money should have been put completely into fighting the rag heads where it matters... THE WALLET! if we spent trillions on shifting away from oil they'd be out of the terror business and starving like all the people in africa... only we won't send them food ;) maybe do a food for bombs trade-in program?

Exactly, they should put all that money into energy conservation and renewable energies instead of war, whose main purpose was to secure oil. If it was done soo, all those third world "big guys" like Ahmadinejad, Chavez and Putin would be silent with 40 bucks ber barrel.

But the Clintons proposal is really stupid, it would exactly cause the opposite. Its more easier to put down price of oil, if FED and goverment would be concerned about value of USD.


You should rather thank your politics and FED for constant devaluation of USD, which at the end fuel current oil/agriculture bubble. Most oil analysts agreet there is around 20-30 usd price addition to the barrel of oil due speculation on futher devalution of USD. 20-30 usd price addition and that doesnt count lower dollar valuation.

You should blame FED and goverment, which apparantely doest care about trashing dollar down, instead of oil companies.

http://online.wsj.com/article/SB1209... and_outlooks


"No doubt commodity traders are having a field day, but what they are speculating on is the Fed's refusal to stop the free-fall of the dollar. The weak dollar has created another speculative bubble, this time in commodities. Oil prices have been surging despite only the usual geopolitical risks to global supplies and despite a recent International Energy Agency estimate that global oil demand will fall as growth slows."

eg.

"According to a report in Algerian government newspaper El Moudjahid on Monday, OPEC president Chakib Khelil said that crude prices probably would fall if not for dollar weakness. In fact, Khelil said if the dollar begins to gain back some significant ground, crude prices may fall of a cliff.

"If [the dollar] strengthens 10%, there is a good bet that [oil] prices will fall by $ 40," said Khelil"

They aren't going to lower gas prices... if anyone was really going to have a sensible plan to lower prices it would include flooding the market a little from our reserves which are now at the highest level ever. Bush has been putting 70,000 barrels a day in the reserve for the last 8 years. http://www.lacrossetribune.com/artic...ews/04kind.txt

she´s a slut....