A major quote from the article is "Declaring a new direction in energy policy, the House on Saturday approved $16 billion in taxes on oil companies, while providing billions of dollars in tax breaks and incentives for renewable energy and conservation efforts.
Republican opponents said the legislation ignored the need to produce more domestic oil, natural gas and coal. One GOP lawmaker bemoaned "the pure venom ... against the oil and gas industry.""
We couldn't agree more! These moves are pure idiocy on the part of the Democrats to appease their ignorant Liberal supporters who never saw a tax they didn't love. The problem is with who will ultimately pay such a tax if it became reality...the truth is the Democratic supporters! Any such tax on the oil companies is only going to be passed along to the consumer. Why? Because the oil companies while making tidy sums of profits do not make an incredible percentage of profits! Exxon/Mobile, one of the largest of the oil producers, made a net profit of 10.5%! Where is the gouging in that? Answer: there isn't any!!!! Do you understand that idiotic liberals? If they were gouging the profit percentage would be huge!
The oil companies are making record profits because they are making record amount of sales of oil products, because demand is skyrocketing. If you make 10% net profit, then the more you sell the more you make. Annual sales of $1,000,000.00 will result in profits of $100,000.00 (10% of $1 million). Annual sales of $1 billion will result in profits of $100,000,000.00. It is simple straightforward math and you libs don't seem to be able to understand it. So let me state it one more time - the oil companies are not gouging us! A profit margin of 10.5% seems very reasonable for all of the risks oil companies must take with oil production in third world, unstable countries! The Federal government makes more on the sale of a gallon of gas in taxes than the oil companies do in selling it. Why is that right? It isn't. It's actually quite insane if you ask me.
To put a huge tax on the oil companies will only do one thing - raise the price of gas! The oil companies are going to need to recover that tax money from somewhere and its going to be from me and you. It will be passed along. And when the cost of gas goes up, the cost of transportation goes up, and therefore, the price of everything rises.
Another disastrous portion of this bill, was where the Democrats in the House voted to require investor-owned electric utilities nationwide to generate at least 15 percent of their electricity from renewable energy sources such as wind or bio fuels. As quoted in the article "The utilities and business interests had argued aggressively against the federal renewables mandate, saying it would raise electricity prices in regions of the country that do not have abundant wind energy. But environmentalists said the requirement will spur investments in renewable fuels and help address global warming as utilities use less coal." So there you have yet another piece of agenda that will raise consumer prices of energy - this one electricity. This will in turn cause prices of all commodities like food to go higher because of the higher costs associated with storage and lighting. These programs are ludicrous! The utility companies will naturally seek the lowest cost items to produce energy given all of the USA environmental standards. To require them to do anything else will cause prices to go higher.
Probably the most insane and ignorant quote to come out of this fiasco was the following -
- "This will save consumers money," said Rep. Tom Udall, D-N.M
It is apparent that Udall is either an incredible liar or a complete dolt! You take your pick. Either one is bad.
We agree that we need to develop energy independence and that the government needs to have positive programs to create incentives for businesses to move in that direction, but the way the Democrats are going about it would be disastrous for our country! The Democratic politicians cannot be so ignorant as to not know this. Then why do they support these kinds of bills? There can only be two reasons for this.One, the Democrats want consumer prices to rise to place more and more financial burden on the average family to make them more dependant on government for support. In other words, they are creating more and more social needs to create more Federal assistance families - i.e. Democratic supporters! Two, they are playing to their far left Liberal supporters who are nothing more than closet communists and socialists. People who are steadfastly in favor of Government run economies even though history has proven that this form of economic model is disastrous and does not work - see Soviet Union, Cuba, and all of the heavily socialist European countries. These people are ignorant and stupid and believe in a system purely because they want it to work even though history has proven time and again that it cannot. They are the most clueless people in the world - true fanatics that operate without rhyme or reason.
Don't the Democrats realize that policies like this are dangerous to our country in the long term? They have to or they are the most clueless people ever! The only answer I can come up with is that they do not care about our country. They only care about having their power and continuing their political career. They are the ultimate whores selling out the long-term interest of the country for their very short-term gain.
Government does not effectively run an economy, but it can do things for the long-term good. One measure that the House passed as part of this latest energy package that we like is to provide billions of dollars in tax breaks and incentives for renewable energy and conservation efforts. These types of programs can help foster the development of new technologies to grow and become financially possible earlier than if left to develop on its own - if they are managed properly. Unfortunately, they are almost never managed properly due to all of the political gamesmanship that goes on behind the scene.
To wrap it up in short - Democratic politicians are selling out this country with these types of ridiculous and revenge-driven energy programs!
