Big oil aint that bad.

The executives, peppered with questions from skeptical lawmakers, said they understood that high energy costs are hurting consumers, but deflected blame, arguing that their profits — $123 billion last year

but they...



Link Here

Exxon Mobile: 40 Billion in earnings, 100 million spent in renewable energy research.



There should be caps on profits for these industries.

Markey challenged the executives to pledge to invest 10 percent of their profits to develop renewable energy and give up $18 billion in tax breaks over 10 years so money could be funneled to support other energy and conservation.

"Imposing punitive taxes on American energy companies, which already pay record taxes, will discourage the sustained investment needed to continue safeguarding U.S. energy security," Simon insisted.

"These companies are defending billions of federal subsidies ... while reaping over a hundred billion dollars in profits in just the last year alone," complained Markey, chairman of the Select Committee on Energy Independence and Global Warming.

The House last year and again on Feb. 27 approved legislation that would have ended the tax breaks for the oil giants, while using the revenue to support wind, solar and other renewa

ble fuels and incentives for energy conservation. The measure has not passed the Senate"......


thats one hell of a tax break.... but thats typical of how the governemnt has become(remember a recent bailout of Bear Stearns for 30 billion dollars?). They always help out big business saying it whats best for the country , yet at the same time they let the small guy go under and don't even bat an eye. I guess the little guy doesn't have access like big money does.

BOHICA !!!!

"Imposing punitive taxes on American energy companies, which already pay record taxes, will discourage the sustained investment needed to continue safeguarding U.S. energy security," Simon insisted.

Biggest line of BS ever spoken.

The record taxes they pay don't seem to be hurting their bottom line.

If you can't beat them...join them.

I've decided that if George and Dick are getting a cut, I might as well too.

suzyr wrote:

There should be caps on profits for these industries.

Nixon tried price controls in the 70s. Worked so well that the country went into a decade-long recession. It wasn't the only reason, but it was a contributor.

suzyr wrote:

There should be caps on profits for these industries.

Caps on profits, or some good old trust-busting, spanning national borders.

GeoPhilip06 wrote:

suzyr wrote:

There should be caps on profits for these industries.

Caps on profits, or some good old trust-busting, spanning national borders.

BOOYA, Geo. Trust busting is the answer. Where is Teddy Roosevelt??!!

ATTENTION MOTORITS

APPLY VASALINE IT'S BOHICA !!!! TIME

Hell yes, I agree! Lets tax those oil companies ouit of existence! Then, when they're all too broke to drill any more wells and our domestic supply of oil is gone, we can just import ALL OF OUR OIL FROM SAUDI ARABIA AND THE MIDDLE-EAST! We'll show 'em won't we guys! These greedy oil companies of ours think that they're supposed to make a profit to stay in business--can you believe that? Ha Ha! From 1986 until 2000 they were laying off employees and cannabalizing every piece of equipment they owned-just to keep the few rigs they still had operating. They lost money year after year, but no one really gave a hoot. Why? Because gas was cheap and times 'wuz good! Where were the reporters at when oil hit $6.00 per barrel in 1988? We had relatively cheap fuel for a long time didn't we? Instead of demonizing them, we should be encouraging them to find more oil. The problem isn't going to fix itself.

From what an old oil man said it was bad business practices that ruined local oil production. Eastern US oil companies tried to drill like they did in the eastern states and lost badly here and elswhere. Reagan then gave the finishing blow by making deals to allow the arabs to sell oil cheaper than US companies could produce it here. Right now the problem is that all the oil big boys have finally agreed to financially gang bang us because they know we won't give up driving. That's why Saddam really had to go. He threatened to undercut the markets with cheap oil again.

Oil is just like the pharmaceutical companies charging Americans 5 or 10 times what they sell the same exact drugs for to other nations. Because the politicians allow it.

How about a tube of Blue Gaurd Grease, it won't hurt so bad.

'Rat--You're right! It's a vast goverment conspiracy contrived to bankrupt Amerika and lead us into the Inferno! We have no free will! We must buy gasoline or else we will die because free will is not a part of the equation. Ride a bike?--I don't think so! Walk when it's handy instead of driving? Nope--no way! We refuse to do anything that might stretch out the supply of fuel we have because it would inconvenience us. Who do they think we are anyway--a bunch of fitness freaks? Damn those oil companies! It's their fault and we refuse to change in any way to help make things better.

Nah Serpico, you're right. I think the oil companies should charge at least $100 for a gallon of gas. After all, those poor unfortunate execs of multi-billion dollar companies have it so tough compared to the rest of us. And when none of us can afford gas we could quit driving granny around, toss away her walker and put her lazy butt on a bicycle. We can bring back ox trains to deliver goods and forget about trucks. And we all should send the oil companies thank you cards for trying to teach us to be more thrifty by price gouging.

Ratzilla wrote:

put her lazy butt on a bicycle. We can bring back ox trains to deliver goods and forget about trucks.

Al Gore would agree.

The Other One wrote:

Ratzilla wrote:

put her lazy butt on a bicycle. We can bring back ox trains to deliver goods and forget about trucks.

Al Gore would agree.

the methane from the ox shit would destroy the ozone layer more

The Other One wrote:

Ratzilla wrote:

put her lazy butt on a bicycle. We can bring back ox trains to deliver goods and forget about trucks.

Al Gore would agree.

He's a joke, Scientist at Colorado University blasted him the other day for blaming the Burmese Cyclone on global warming. His clout is running thin as his hair.

Besides, he is to busy hunting Manbearpig

Gore lost to nookyuler George. What else needs said?