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Thread: Democrats propose further tax hike on offshore oil

  1. #101
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    Re: Democrats propose further tax hike on offshore oil

    Quote Originally Posted by washunut View Post
    Unless I am missing something you are agreeing to a cut in supply not demand. How does that cause us to be less reliant on oil???
    Because if fewer people can gain access to oil as a supply for their energy needs, more people will pursue alternate energy sources or more efficient use of the oil they get.

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    Re: Democrats propose further tax hike on offshore oil

    Quote Originally Posted by samsmart View Post
    Because if fewer people can gain access to oil as a supply for their energy needs, more people will pursue alternate energy sources or more efficient use of the oil they get.
    I think you are wrong. The tax will not be enough to lower consumption. Also if oil rigs are moved from our waters to lets say Africa where the first rigs are going then all it does is increase our exports of oil, making us more dependent on the rest of the world.

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    Re: Democrats propose further tax hike on offshore oil

    Quote Originally Posted by washunut View Post
    I think you are wrong. The tax will not be enough to lower consumption. Also if oil rigs are moved from our waters to lets say Africa where the first rigs are going then all it does is increase our exports of oil, making us more dependent on the rest of the world.
    Not if we pursue alternate energy resources instead of relying on oil.

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    Re: Democrats propose further tax hike on offshore oil

    Quote Originally Posted by samsmart View Post
    Because if fewer people can gain access to oil as a supply for their energy needs, more people will pursue alternate energy sources or more efficient use of the oil they get.
    Bull****. I hope that you've parked your car and are walking everywhere. You are doing that aren't you? Huh? You are, right?
    Last edited by American; 06-12-10 at 08:35 AM.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Democrats propose further tax hike on offshore oil

    Quote Originally Posted by LiberalAvenger View Post
    Not if we pursue alternate energy resources instead of relying on oil.
    I think it is a mistake to consider it an either or issue. I agree we should be considering alternative energy, we should have been doing that the last 40 years. I have seen nothing out of this administration that puts the kind of effort necessary to really fix this issue.

    For example if you really want to slow consumption of oil, place a tax of let's say a dollar a gallon on imported or all oil. Materially higher prices have shown will impact usage. On the supply side, put together the type of effort when we had the race to the moon under Kennedy.

    The problem is that the oil industry has proven to be to rich, politicians on both sides too corrupt to really make a dent in this problem. The new cap and trade legislation proves once again that the oil industrry wins and we are all suckers to them.

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    Re: Democrats propose further tax hike on offshore oil

    Quote Originally Posted by washunut View Post
    I think you are wrong. The tax will not be enough to lower consumption. Also if oil rigs are moved from our waters to lets say Africa where the first rigs are going then all it does is increase our exports of oil, making us more dependent on the rest of the world.
    The socialist minded know nothing about how a country operates. They sit in their academic castles, pondering fancy theories about economics and other high-minded notions of grandeur.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Democrats propose further tax hike on offshore oil

    Quote Originally Posted by Boo Radley View Post
    But money will be spent on the clean up, right?
    Nope because of the Jones Act, we were offered help from overseas from those who have the equipment but the Obama administration refused. This equipment posessed by the EU ans other countries cleaned up a similiar spill in the indian Ocean in about three months.
    To Save the Gulf, Send the Jones Act to Davy Jones
    http://www.businessandmedia.org/arti...609163127.aspx
    Last edited by deltabtry; 06-12-10 at 09:55 AM.

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    Re: Democrats propose further tax hike on offshore oil

    Quote Originally Posted by American View Post
    The socialist minded know nothing about how a country operates. They sit in their academic castles, pondering fancy theories about economics and other high-minded notions of grandeur.
    What does that mean???

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    Re: Democrats propose further tax hike on offshore oil

    Quote Originally Posted by LiberalAvenger View Post
    Not if we pursue alternate energy resources instead of relying on oil.
    alternate sources have - as of yet - proven too expensive to be a ready replacement for oil. You would have to jack the price of gasoline up enough to crash the economy to get enough people to switch. in 2008, we didn't see the beginnigs of actual change in behavior until gas hit about $4 a gallon; it's exceedingly inelastic because (as American points out), much of our consumption is tied to activities that we are not willing to give up - driving to work, going to pick up groceries, etc. and you would need to jack up prices significantly beyond that $4 a gallon in order to start seeing a mass-rapid switch to alternate energies.

    'alternate energies' is not a magic wand that one can wave and pass into law in order to hook each of our electronic car batteries to a windfarm.

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    Re: Democrats propose further tax hike on offshore oil

    Quote Originally Posted by washunut View Post
    I think you are wrong. The tax will not be enough to lower consumption. Also if oil rigs are moved from our waters to lets say Africa where the first rigs are going then all it does is increase our exports of oil, making us more dependent on the rest of the world.
    exactly; our political numbnuts in Washington seem to be completely unaware that capital is fungible; and that companies today have the ability to take their ball and go play elsewhere.

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