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Posted on 6/14/22 at 2:29 pm to member12
answer: fastest way to reach $10/gallon national average
question: What if we force a 21% oil profit tax to fight inflation?
question: What if we force a 21% oil profit tax to fight inflation?
Posted on 6/14/22 at 2:29 pm to TDsngumbo
Why are Democrats so stupid? It's like they all slept through economics class.
----
NOT Stupid. Plan is to kill off Oil Industry.
----
NOT Stupid. Plan is to kill off Oil Industry.
Posted on 6/14/22 at 2:32 pm to member12
I'm no economists, but what do businesses do when the incur additional expenses?
Pass it onto consumers.
Pass it onto consumers.
Posted on 6/14/22 at 2:38 pm to lake chuck fan
These assholes don’t realize that oil runs this country. You’d be hard pressed to find something in your home that didn’t start from a barrel of oil or relied on a barrel of oil on manufacturing. Killing the oil industry kills our economy in latent ways. I’ve never been so disappointed with politicians (both sides) as I am now. And we’re going to ask Saudi Arabia for oil??!! It’s not a war on oil it’s a war on American oil production and manufacturing
Posted on 6/14/22 at 2:39 pm to member12
This is the 1st administration I can remember that has absolutely none in the inner circle who knows the oil business.
Posted on 6/14/22 at 2:39 pm to frequent flyer
quote:
Holy shite. These people have no fricking clue what they are doing.
no, they do know, its 100% intentional
he ran promising to shut down the oil and gas industry and force us into using green energy and he is doing just that
This post was edited on 6/14/22 at 2:51 pm
Posted on 6/14/22 at 2:49 pm to Klark Kent
the only positive i can find with this potential tax is that we would almost overnight be free of Oweo from the OT.
quote:
Want to make a bet? If gas hits $6 in either Louisiana or Alabama I will stop posting for good.
Posted on 6/14/22 at 2:52 pm to Klark Kent
No way he sticks with that bet.
Posted on 6/14/22 at 2:55 pm to member12
When you're a hammer (democrat) all you see are nails (taxes).
Posted on 6/14/22 at 2:55 pm to TDsngumbo
quote:
Why are Democrats so stupid? It's like they all slept through economics class.
They're either stupid or evil.
Stupid would result in decisions with occasional positive outcomes, random successful one-offs.
So where's that leave us?
This post was edited on 6/14/22 at 2:57 pm
Posted on 6/14/22 at 2:56 pm to member12
Is this one of those threads where our resident Biden voters just dont see?
Posted on 6/14/22 at 3:02 pm to Oilfieldbiology
quote:
My God our politicians are moronically stupid.
They’re not stupid. This does exactly what
They want it to do. Everything bad happening right now to our economy is by design. Wake the frick up.
Posted on 6/14/22 at 3:08 pm to member12
quote:
FedGov weighs 21% oil profit tax....to blunt inflation.
I have an honest question for our resident OT Democrats. This isn’t a troll. I honestly want to hear your thoughts. What I want y’all to help me understand is how this tax on oil profits will bring down inflation. Walk me through the thought process that leads to this tax bringing down inflation.
TIA.
Posted on 6/14/22 at 3:08 pm to ItzMe1972
Newsflash: If negative oil prices and the constant attack by this administration and environmental groups didnt kill off the oil industry... then >$100 oil and increased taxes sure as hell wont.
Posted on 6/14/22 at 3:11 pm to SPEEDY
quote:
These fricking mid-terms need to hurry the frick on and get here
This might be the longest two years of my fricking life
Posted on 6/14/22 at 3:13 pm to weadjust
quote:
Big Oil raises prices 21% due to oil profit tax
I'm no mathematician, but they would have to raise it higher than 21%, because the 21% they raise it would be included in the 21% tax.
This post was edited on 6/14/22 at 3:14 pm
Posted on 6/14/22 at 3:21 pm to lsugradman
quote:
Newsflash: If negative oil prices and the constant attack by this administration and environmental groups didnt kill off the oil industry... then >$100 oil and increased taxes sure as hell wont.
it'll never "kill" the industry, as it's essential to everything we consider "life" since the industrial revolution.
It'll make everything way more expensive, distorting the prices of everything.
This post was edited on 6/14/22 at 3:22 pm
Posted on 6/14/22 at 3:22 pm to Fun Bunch
Most large integrated oil companies would start raising prices on non “in your tank” products. Things like plastics and internediates. In the end it causes the consumer to open their wallets wider. An example albeit an unpleasant one would be the cigarette industry after the sin tax and law suits. A box of smokes aren’t 2.13 anymore.
Posted on 6/14/22 at 3:24 pm to Darth_Vader
quote:Not a single progressive (The Spleen, mmmmbeer, OweO, HHTM, etc.) will enter this thread to answer your question.
I have an honest question for our resident OT Democrats. This isn’t a troll. I honestly want to hear your thoughts. What I want y’all to help me understand is how this tax on oil profits will bring down inflation. Walk me through the thought process that leads to this tax bringing down inflation.
They voted for this.
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