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Started By
Message
re: FedGov weighs 21% oil profit tax....to blunt inflation.
Posted on 6/14/22 at 6:25 pm to member12
Posted on 6/14/22 at 6:25 pm to member12
they are ALL IN on their agenda, so ESG incentives buried in every bill over here and big bad profit taxes on the big bad oil companies over there
total nightmare
please vote them out, ASAP. this shite is embarrassing
total nightmare
please vote them out, ASAP. this shite is embarrassing
0
Posted on 6/14/22 at 7:10 pm to member12
Oregon politicians are quickly overtaking Californian as the source for the dumbest ideas.
This post was edited on 6/14/22 at 7:11 pm
Posted on 6/14/22 at 7:12 pm to goofball
quote:
Holy shite. This is either incredibly stupid or incredibly dishonest.
Why not both??
Posted on 6/14/22 at 7:14 pm to member12
I don't believe any of them are this stupid. This is to fill their coffers. The inflation bit is just the talking point for the retards that vote for them. Let the useful idiots argue against logic on their behalf.
Posted on 6/14/22 at 7:18 pm to MorbidTheClown
Ok, now let’s do Tesla, Amazon, Apple... they are torpedoing the oil industry. Biggest what have you done for me lately. They milked the oil industry for years and now they are moving to destroy them and he country
Posted on 6/14/22 at 7:19 pm to member12
I doubt this will lower the gas prices, the higher the price of the gas the more money they will get from this surtax
Posted on 6/14/22 at 7:49 pm to Dixienourmous69
quote:
I doubt this will lower the gas prices
It would have a negative impact on supply and provide upward pressure on pricing.
This post was edited on 6/14/22 at 7:50 pm
Posted on 6/14/22 at 7:50 pm to RogerTheShrubber
Yeah that’s just getting passed on to the consumer.
Posted on 6/14/22 at 8:21 pm to member12
We are so fricked 
Posted on 6/14/22 at 8:36 pm to member12
Inflation is born when aggregate demand exceeds aggregate supply. More money is chasing fewer goods.
Treat the problem by reducing, NOT increasing, aggregate demand.
Options floated in article increase aggregate demand:
1. Lowering price (via rebate)
2. Capping price (Russian oil)
And deter supply (21% windfall tax)
Meanwhile Fed is reducing money supply and reducing purchasing power via higher Fed fund rates to commercial
Banks. Fed is reducing aggregate demand while Govt is increasing it.
Everyone chase your tail like your life depends upon catching it.
Treat the problem by reducing, NOT increasing, aggregate demand.
Options floated in article increase aggregate demand:
1. Lowering price (via rebate)
2. Capping price (Russian oil)
And deter supply (21% windfall tax)
Meanwhile Fed is reducing money supply and reducing purchasing power via higher Fed fund rates to commercial
Banks. Fed is reducing aggregate demand while Govt is increasing it.
Everyone chase your tail like your life depends upon catching it.
Posted on 6/14/22 at 8:47 pm to Oilfieldbiology
quote:
This is how you make oil EVEN MORE EXPENSIVE and ensure that nothing new in the way of refining capacity gets built ever.
They don't even have to pass it. All they have to do is talk about it and investors are scared away.
Posted on 6/14/22 at 8:51 pm to member12
I’d love to hear what their definition of “excessive” is and how they would calculate that.
Posted on 6/14/22 at 9:00 pm to NOLAVOL16
Posted on 6/14/22 at 9:07 pm to bcoop199
Posted on 6/14/22 at 9:09 pm to TDsngumbo
quote:
Why are Democrats so stupid? It's like they all slept through economics class.
The people that vote for them are the stupid ones.
Posted on 6/14/22 at 9:09 pm to goofball
in 2023 we’ll be using the same meme and swapping out “inflation” for “recession”
then the media will scream, “why hasn’t the Republican House and Senate fixed inflation/recession.”
then the media will scream, “why hasn’t the Republican House and Senate fixed inflation/recession.”
Posted on 6/14/22 at 9:12 pm to member12
quote:Will they give the oil companies back money if they have a loss?
Taxing excessive oil company profits
Posted on 6/14/22 at 9:15 pm to member12
They are doubling down on stupid
The energy companies hold the cards
If the admin had a better attitude toward energy, we could expand oil production and lower the cost of living for millions of Americans
Instead they kick them in the balls and expect roses in exchange
The energy companies hold the cards
If the admin had a better attitude toward energy, we could expand oil production and lower the cost of living for millions of Americans
Instead they kick them in the balls and expect roses in exchange
Posted on 6/14/22 at 9:28 pm to member12
Did he mention the record Pharma Profits? 
These people ruling us are imbeciles.
These people ruling us are imbeciles.
Posted on 6/14/22 at 9:30 pm to member12
The insane are running the asylum
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