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Posted on 9/13/18 at 1:09 pm to MLCLyons
quote:
the US's oil production has been steadily increasing since 2009 due to the insane oil prices in 2008.
Prices have fluctuated wildly during that time period, so no. It’s more due to shale extraction technology.
Posted on 9/13/18 at 1:12 pm to Projectpat
quote:
That’s a weird way to describe capitalism.
taxpayers subsidizing major companies via tax breaks, bail outs, or any other form of money flowing to business from the taxpayer is not capitalism, it's literally socialism.
Posted on 9/13/18 at 1:13 pm to baldona
quote:
There are plenty of countries such as China that survive off of foreign oil.
Do you know who sales them their oil? Are we in on that?
Posted on 9/13/18 at 1:16 pm to Masterag
quote:
privatizing gains and socializing debts... the american way
Yep. The US is about to be the world's biggest oil exporter. Screw the American taxpayer.
Posted on 9/13/18 at 1:18 pm to Masterag
quote:
taxpayers subsidizing major companies via tax breaks, bail outs, or any other form of money flowing to business from the taxpayer is not capitalism, it's literally socialism
Tax breaks aren’t money flowing to business from the taxpayer. You’re correct in bailouts. But what does any of this have to do with the topic?
Posted on 9/13/18 at 1:19 pm to Kentucker
quote:
Yep. The US is about to be the world's biggest oil exporter. Screw the American taxpayer.
What are you proposing? Stopping trade with other countries? Nationalizing our oil & gas industries?
This post was edited on 9/13/18 at 1:26 pm
Posted on 9/13/18 at 1:21 pm to Kentucker
You make it seem like keeping that oil here and using it only here is such an easy process and there isn’t a cost associated
Posted on 9/13/18 at 1:27 pm to Kentucker
quote:
That oil money is coming from the American consumer, though. We're still paying upwards of $3/gallon. If we have so much oil, why aren't we getting a break at the pump?
Gas today is cheap compared to other products, adjusted for inflation gas is about the same price it was in 1975.
Posted on 9/13/18 at 1:29 pm to Projectpat
quote:
Tax breaks aren’t money flowing to business from the taxpayer
same thing effectively
when was the last time you or i got to negotiate our tax bill?
This post was edited on 9/13/18 at 1:32 pm
Posted on 9/13/18 at 1:29 pm to 3deadtrolls
quote:
There's enough oil in Alaska alone to run the US for a long long time. Massive discoveries up there every year.
Russia is going to take Alaska from us.
This post was edited on 9/13/18 at 1:30 pm
Posted on 9/13/18 at 1:39 pm to Projectpat
quote:
But what does any of this have to do with the topic?
often, oil exploration is partly unded by gov't money. yet when oil is extracted and sold, that money is not returned to the taxpayer, and we continue to pay high prices at the pump.
Posted on 9/13/18 at 1:57 pm to Masterag
quote:
often, oil exploration is partly unded by gov't money
This is why I was bringing up terminology because it’s not semantics. It’s not funded by the government.
quote:
yet when oil is extracted and sold, that money is not returned to the taxpayer,
Uh, what? It’s only returned to taxpayers by corporate income tax from the company. And state franchise taxes. And company property taxes. Employee individual income taxes. Other payroll taxes. Property taxes on property employees are purchasing with their “post-tax” income. Sales tax. Capital gains taxes on anyone investing in the company. Taxes on anyone who decides to die...
My point is there’s a reason that so called “tax breaks” are given, whether i agree with them or not, but don’t use their existence as a shield for your socialist views.
Posted on 9/13/18 at 2:11 pm to jlovel7
quote:
We should ultimately remove ourselves from our dependence on a finite resource. So good in the sense that we will reap economic benefits for America, which is great, but bad because that isn't sustainable forever and we'd be smart to harness sustainable energy in a way that it could replace our need for oil.
I agree with you that this will likely have an impact 50-75 years or so. At some point the tap will start to become dry. But whenever oil does happen to become scarce, we won't be in it alone. All civilized nations will be in trouble.
Posted on 9/13/18 at 2:12 pm to Masterag
quote:
taxpayers subsidizing major companies via tax breaks, bail outs
1 - You are evidently a disciple of politicians interchanging the words “tax break” and “subsidy” for the dumb masses. A tax break is government taking less of what an individual or entity has earned. A subsidy is government actively giving taxpayer dollars to an individual or entity to prop up a good or service. Should we stop all tax breaks, or just target those going to a specific industry?
2 - Which oil & gas operators have been bailed out by government? Can you list them for me?
Posted on 9/13/18 at 2:13 pm to lsu777
quote:
Please explain why it isn't substainable with links to the true global supply of oil. PLease explain why we would be smart to go against sound economic princples and start using more expensive ways of creating eneregy
Oil is a finite resource. There's only so much of it in the Earth's crust to extract. Sure, all of us living now will be long gone by the time there's nothing left but why not take the burden off of future generations to do the work and start that process sooner. The short term rewards of wealth mean nothing in the long run.
Posted on 9/13/18 at 2:14 pm to Masterag
quote:
often, oil exploration is partly unded by gov't money. yet when oil is extracted and sold, that money is not returned to the taxpayer, and we continue to pay high prices at the pump.
Posted on 9/13/18 at 2:23 pm to Projectpat
quote:
My point is there’s a reason that so called “tax breaks” are given, whether i agree with them or not, but don’t use their existence as a shield for your socialist views.
So, another lie?
Posted on 9/13/18 at 2:25 pm to Northshore Saint
quote:
The short term rewards of wealth mean nothing in the long run
If we were able to meet the world’s energy needs without hydrocarbons, don’t you think we would? Would be a lot easier than trying to find secret treasure in the ground and risking human lives to get it out and use it. It’s not about “wealth.”
Posted on 9/13/18 at 2:28 pm to Kentucker
quote:
So, another lie?
This comment makes absolutely no sense in the context of what you quoted.
I’ll assume the Trump pic is sarcasm since you’ve been arguing for communism is this thread.
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