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re: FedGov weighs 21% oil profit tax....to blunt inflation.

Posted on 6/14/22 at 9:58 pm to
Posted by fool_on_the_hill
Member since Jan 2019
511 posts
Posted on 6/14/22 at 9:58 pm to
not the only thing that floats
Posted by Lou the Jew from LSU
Member since Oct 2006
4701 posts
Posted on 6/14/22 at 10:46 pm to
They are not stupid. They are evil.
This is going exactly as they wanted.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31104 posts
Posted on 6/14/22 at 10:47 pm to
quote:

Silence anyone who disagrees with pushing green energy...... twitter link


I wish I wouldn’t have clicked that link. The absolute stupidity and lack of awareness about anything related to the issue…what affects pricing and supply, what information, rhetoric, and policy oil companies base their investment on, the timeframe for that investment, etc is absolutely mind numbing. They are certain they’re right but it’s based on completely inaccurate information.

I feel like someone needs to do an Econ 101 and oil pricing to just level set our country. At least start from somewhere grounded in reality and from there look at what we’re doing to understand what’s causing it. There were a bunch of comments on that thread saying Biden isn’t causing this.
This post was edited on 6/14/22 at 10:48 pm
Posted by BigWillyMetry
Member since Dec 2021
1548 posts
Posted on 6/14/22 at 11:11 pm to
Take a look at a photo of the guy proposing this. Dude has the eyes of a rat that can find shiny change on the floor in the dark.
Posted by Hurricane Mike
Member since Jun 2008
20059 posts
Posted on 6/14/22 at 11:51 pm to
quote:

as they search for any and all ideas to tackle rising energy costs.


Uh, no they haven't. Things worked fine under Trump, hell he himself lowered gas prices at least twice just by having balls
Posted by Hurricane Mike
Member since Jun 2008
20059 posts
Posted on 6/14/22 at 11:52 pm to
If they want to tax something oil related, they need to tax oil trading and ETF's more
Posted by spacewrangler
In my easy chair with my boots on..
Member since Sep 2009
9747 posts
Posted on 6/15/22 at 12:03 am to
quote:

targeting what they consider excessive oil company profits.


quote:

targeting


quote:

profits.


So another socialist policy driven tax idea..

Won't be limited to O%G ...they'll targeting all profits til we have none
Posted by littleavery1948
Member since Oct 2014
2564 posts
Posted on 6/15/22 at 12:04 am to
quote:

Great idea if the goal is to blunt supply of oil.

I suspected that the Biden administration was stupid enough to try something like this.



They know exactly what they're doing, and it's scary.
Posted by BuckyCheese
Member since Jan 2015
49182 posts
Posted on 6/15/22 at 12:09 am to
One step on the way to nationalizing the oil industry.
Posted by barbapapa
Member since Mar 2018
3197 posts
Posted on 6/15/22 at 12:12 am to
I cannot wait to see the Democratic Party burn
Posted by jeffsdad
Member since Mar 2007
21409 posts
Posted on 6/15/22 at 1:40 am to
As the oil companies, finger sways over a 21% price hike.
Posted by TutHillTiger
Mississippi Alabama
Member since Sep 2010
43700 posts
Posted on 6/15/22 at 2:28 am to
How about 90% lol
Posted by Doublebagger
Member since Mar 2021
960 posts
Posted on 6/15/22 at 2:46 am to
Good. Hope it crushes the US. Hope its the final card that causes the house to fall.
See a bunch of poor folk, like weve never seen since the great depression.
Hope they tax some of these foreign companies out of business.
Cant wait. Ive been saving. This is my chance to become rich and wealthy. To become a scumbag sumlord.
Posted by pankReb
Defending National Champs Fan
Member since Mar 2009
64513 posts
Posted on 6/15/22 at 3:04 am to
quote:


I mean, Brandon did in fact sleep through the 3rd grade.



I think you mean he sleeps with 3rd graders.
Posted by udtiger
Over your left shoulder
Member since Nov 2006
98702 posts
Posted on 6/15/22 at 3:23 am to
Why not 50%? Or 75%

If it's to help inflation and all...
Posted by llfshoals
Member since Nov 2010
15378 posts
Posted on 6/15/22 at 5:09 am to
So they want gas going up 25%, got it
Posted by goofball
Member since Mar 2015
16859 posts
Posted on 6/15/22 at 6:39 am to
quote:

Why not 50%? Or 75%

If it's to help inflation and all...


Exactly. They clearly want to kill the oil and gas industry.
Posted by member12
Bob's Country Bunker
Member since May 2008
32095 posts
Posted on 6/15/22 at 6:53 am to
This is all big oil’s fault. After all, they tricked Biden into cancelling drilling leases on federal lands the first week in office.
Posted by lake chuck fan
westlake
Member since Aug 2011
9157 posts
Posted on 6/15/22 at 7:39 am to
quote:

This is all big oil’s fault. After all, they tricked Biden into cancelling drilling leases on federal lands the first week in office.

-halt Keystone Pipeline
-drag feet on issuing interstate pipeline permits
-the public statement, "watch my lips, no more oil"
-talking about 25% tax on oil profits

Oil companies would be stupid to invest in new projects, pipelines, spending any money to insure production continues long term when federal government admittedly has you in its crosshairs.
Posted by member12
Bob's Country Bunker
Member since May 2008
32095 posts
Posted on 6/15/22 at 8:21 am to
quote:


-halt Keystone Pipeline
-drag feet on issuing interstate pipeline permits
-the public statement, "watch my lips, no more oil"
-talking about 25% tax on oil profits

Oil companies would be stupid to invest in new projects, pipelines, spending any money to insure production continues long term when federal government admittedly has you in its crosshairs.



Bingo. This is the Biden price hike.
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