This sure wont help OBAMA. Gas prices will be over 4.00 by spring

[Toddsterpatriot]

On a mostly party-line vote, the Senate on Tuesday defeated a Democratic measure to strip major oil companies of about $20 billion in tax subsidies

What tax subsidies do oil companies get?

His stupid "corn gas" argument just ran out of gas.
End of participation in thread for THIS guy.

Just the first of many for you brainless trolls "H.R. 1689 Big Oil Welfare Repeal Act of 2011’’

Just the second of many for you brainless trolls "S. 258: Close Big Oil Tax Loopholes Act of 2011"

Oil companies are terrified of the free market. That is why they fight for subsidies & have our military force countries to sell their oil & only in US Dollars.

So you can't tell me what tax subsidies they get? Why not?

 

[FireFly]

His stupid "corn gas" argument just ran out of gas.
End of participation in thread for THIS guy.

Just the first of many for you brainless trolls "H.R. 1689 Big Oil Welfare Repeal Act of 2011’’

Just the second of many for you brainless trolls "S. 258: Close Big Oil Tax Loopholes Act of 2011"

Oil companies are terrified of the free market. That is why they fight for subsidies & have our military force countries to sell their oil & only in US Dollars.

So you can't tell me what tax subsidies they get? Why not?

I have many times. You are being stupid.

Just a few Big Oil Subsidies.

- DEDUCTION FOR INTANGIBLE DRILLING AND DEVELOPMENT COSTS
- DEDUCTION FOR TERTIARY INJECTANTS
- EXCEPTION FROM PASSIVE ACTIVITY RULES FOR WORKING INTERESTS IN OIL OR GAS PROPERTY.
- PERCENTAGE DEPLETION ALLOWANCE FOR OIL AND GAS WELLS.
- DEDUCTION FOR INCOME ATTRIBUTABLE TO DOMESTIC PRODUCTION OF OIL, NATURAL GAS, OR PRIMARY PRODUCTS THEREOF.
- AMORTIZATION OF GEOLOGICAL AND GEOPHYSICAL EXPENDITURES TO APPLICABLE LARGE TAXPAYERS.
- FOREIGN TAX CREDIT RULES APPLICABLE TO LARGE INTEGRATED OIL COMPANIES WHICH ARE DUAL CAPACITY TAXPAYERS
- TAX AVOIDANCE LOOPHOLE ON CRUDE OIL AND NATURAL GAS PRODUCED FROM THE OUTER CONTINENTAL SHELF IN THE GULF OF MEXICO.
- DEDUCTION FOR INCOME ATTRIBUTABLE TO DOMESTIC PRODUCTION ACTIVITIES NOT ALLOWED WITH RESPECT TO OIL AND GAS ACTIVITIES

Oil companies are terrified of the free market. That is why they fight for subsidies & have our military force countries to sell their oil & only in US Dollars.

 

[Charles_Main]

This sure wont help OBAMA. Gas prices will be over 4.00 by spring

Didn't you hear, Obama is all about Opening up our Resources, and having an all of the above approach. He said so on National TV and All. Hope and change is back, and all we have to do is fall for the same shit sandwich again and Obama will win again.

Sadly, It appears we will.

 

[Charles_Main]

Just the first of many for you brainless trolls "H.R. 1689 Big Oil Welfare Repeal Act of 2011’’

Just the second of many for you brainless trolls "S. 258: Close Big Oil Tax Loopholes Act of 2011"

Oil companies are terrified of the free market. That is why they fight for subsidies & have our military force countries to sell their oil & only in US Dollars.

So you can't tell me what tax subsidies they get? Why not?

Oil companies are terrified of the free market. That is why they fight for subsidies & have our military force countries to sell their oil & only in US Dollars.

yeah, because nobody would want to sell their Oil, and do it for US dollars unless we forced them too.


You left wing loons, and your naivety, to cute. Fact is the Free flow of oil is Vital to the Entire worlds Economy, We don't just run are cars on the shit, We heat our homes and Light our homes, Power Industry, Process and Ship goods. Every Nation on earth relies on it. Cut of the Sources and In days people are starving, and Freezing to death.

So despite your Idealist, Naive Views on the Subject. Securing the Free flow of Oil onto the Worlds market is an EXTREMELY important National interest, Not only to the US, but just about every Nation on earth.

 

[Toddsterpatriot]

Just the first of many for you brainless trolls "H.R. 1689 Big Oil Welfare Repeal Act of 2011’’

Just the second of many for you brainless trolls "S. 258: Close Big Oil Tax Loopholes Act of 2011"

Oil companies are terrified of the free market. That is why they fight for subsidies & have our military force countries to sell their oil & only in US Dollars.

So you can't tell me what tax subsidies they get? Why not?

I have many times. You are being stupid.

Just a few Big Oil Subsidies.

- DEDUCTION FOR INTANGIBLE DRILLING AND DEVELOPMENT COSTS
- DEDUCTION FOR TERTIARY INJECTANTS
- EXCEPTION FROM PASSIVE ACTIVITY RULES FOR WORKING INTERESTS IN OIL OR GAS PROPERTY.
- PERCENTAGE DEPLETION ALLOWANCE FOR OIL AND GAS WELLS.
- DEDUCTION FOR INCOME ATTRIBUTABLE TO DOMESTIC PRODUCTION OF OIL, NATURAL GAS, OR PRIMARY PRODUCTS THEREOF.
- AMORTIZATION OF GEOLOGICAL AND GEOPHYSICAL EXPENDITURES TO APPLICABLE LARGE TAXPAYERS.
- FOREIGN TAX CREDIT RULES APPLICABLE TO LARGE INTEGRATED OIL COMPANIES WHICH ARE DUAL CAPACITY TAXPAYERS
- TAX AVOIDANCE LOOPHOLE ON CRUDE OIL AND NATURAL GAS PRODUCED FROM THE OUTER CONTINENTAL SHELF IN THE GULF OF MEXICO.
- DEDUCTION FOR INCOME ATTRIBUTABLE TO DOMESTIC PRODUCTION ACTIVITIES NOT ALLOWED WITH RESPECT TO OIL AND GAS ACTIVITIES

Oil companies are terrified of the free market. That is why they fight for subsidies & have our military force countries to sell their oil & only in US Dollars.

Those sound like ordinary business expenses for oil drilling and production.
Why shouldn't the oil business be allowed to deduct their expenses?
You know all businesses get to deduct their expenses. How is that a subsidy?

 

[merrill]

Time to buy electric golf carts for errands and dates...

Let's get on with it...

 

[merrill]

So you can't tell me what tax subsidies they get? Why not?

I have many times. You are being stupid.

Just a few Big Oil Subsidies.

- DEDUCTION FOR INTANGIBLE DRILLING AND DEVELOPMENT COSTS
- DEDUCTION FOR TERTIARY INJECTANTS
- EXCEPTION FROM PASSIVE ACTIVITY RULES FOR WORKING INTERESTS IN OIL OR GAS PROPERTY.
- PERCENTAGE DEPLETION ALLOWANCE FOR OIL AND GAS WELLS.
- DEDUCTION FOR INCOME ATTRIBUTABLE TO DOMESTIC PRODUCTION OF OIL, NATURAL GAS, OR PRIMARY PRODUCTS THEREOF.
- AMORTIZATION OF GEOLOGICAL AND GEOPHYSICAL EXPENDITURES TO APPLICABLE LARGE TAXPAYERS.
- FOREIGN TAX CREDIT RULES APPLICABLE TO LARGE INTEGRATED OIL COMPANIES WHICH ARE DUAL CAPACITY TAXPAYERS
- TAX AVOIDANCE LOOPHOLE ON CRUDE OIL AND NATURAL GAS PRODUCED FROM THE OUTER CONTINENTAL SHELF IN THE GULF OF MEXICO.
- DEDUCTION FOR INCOME ATTRIBUTABLE TO DOMESTIC PRODUCTION ACTIVITIES NOT ALLOWED WITH RESPECT TO OIL AND GAS ACTIVITIES

Oil companies are terrified of the free market. That is why they fight for subsidies & have our military force countries to sell their oil & only in US Dollars.

Those sound like ordinary business expenses for oil drilling and production.
Why shouldn't the oil business be allowed to deduct their expenses?
You know all businesses get to deduct their expenses. How is that a subsidy?

Cut off all subsidies and get back to the Free Market ASAP!

 

[FireFly]

So you can't tell me what tax subsidies they get? Why not?

I have many times. You are being stupid.

Just a few Big Oil Subsidies.

- DEDUCTION FOR INTANGIBLE DRILLING AND DEVELOPMENT COSTS
- DEDUCTION FOR TERTIARY INJECTANTS
- EXCEPTION FROM PASSIVE ACTIVITY RULES FOR WORKING INTERESTS IN OIL OR GAS PROPERTY.
- PERCENTAGE DEPLETION ALLOWANCE FOR OIL AND GAS WELLS.
- DEDUCTION FOR INCOME ATTRIBUTABLE TO DOMESTIC PRODUCTION OF OIL, NATURAL GAS, OR PRIMARY PRODUCTS THEREOF.
- AMORTIZATION OF GEOLOGICAL AND GEOPHYSICAL EXPENDITURES TO APPLICABLE LARGE TAXPAYERS.
- FOREIGN TAX CREDIT RULES APPLICABLE TO LARGE INTEGRATED OIL COMPANIES WHICH ARE DUAL CAPACITY TAXPAYERS
- TAX AVOIDANCE LOOPHOLE ON CRUDE OIL AND NATURAL GAS PRODUCED FROM THE OUTER CONTINENTAL SHELF IN THE GULF OF MEXICO.
- DEDUCTION FOR INCOME ATTRIBUTABLE TO DOMESTIC PRODUCTION ACTIVITIES NOT ALLOWED WITH RESPECT TO OIL AND GAS ACTIVITIES

Oil companies are terrified of the free market. That is why they fight for subsidies & have our military force countries to sell their oil & only in US Dollars.

Those sound like ordinary business expenses for oil drilling and production.
Why shouldn't the oil business be allowed to deduct their expenses?
You know all businesses get to deduct their expenses. How is that a subsidy?

Bullshit!!! You have no argument son.

Oil companies are terrified of the free market. That is why they fight for subsidies & have our military force countries to sell their oil & only in US Dollars.

 

[FireFly]

So you can't tell me what tax subsidies they get? Why not?

Oil companies are terrified of the free market. That is why they fight for subsidies & have our military force countries to sell their oil & only in US Dollars.

yeah, because nobody would want to sell their Oil, and do it for US dollars unless we forced them too.


You left wing loons, and your naivety, to cute. Fact is the Free flow of oil is Vital to the Entire worlds Economy, We don't just run are cars on the shit, We heat our homes and Light our homes, Power Industry, Process and Ship goods. Every Nation on earth relies on it. Cut of the Sources and In days people are starving, and Freezing to death.

So despite your Idealist, Naive Views on the Subject. Securing the Free flow of Oil onto the Worlds market is an EXTREMELY important National interest, Not only to the US, but just about every Nation on earth.

Yeah right! OPEC countries want Oil Bourse to sell in other currencies. And alternative energy must never be allowed to compete with the heavily subsidized oil industry even when it provides the same benefits.

You left wing loons subsidize the oil industry & fear the free market.

Oil companies are terrified of the free market. That is why they fight for subsidies & have our military force countries to sell their oil & only in US Dollars.

 

[thereisnospoon]

On a mostly party-line vote, the Senate on Tuesday defeated a Democratic measure to strip major oil companies of about $20 billion in tax subsidies

What tax subsidies do oil companies get?

His stupid "corn gas" argument just ran out of gas.
End of participation in thread for THIS guy.

Just the first of many for you brainless trolls "H.R. 1689 Big Oil Welfare Repeal Act of 2011’’

Just the second of many for you brainless trolls "S. 258: Close Big Oil Tax Loopholes Act of 2011"

Oil companies are terrified of the free market. That is why they fight for subsidies & have our military force countries to sell their oil & only in US Dollars.

Repeating the same lie over and again does not make it true.
Of course..."it's not a lie, if you believe it"..

 

[Toddsterpatriot]

I have many times. You are being stupid.

Just a few Big Oil Subsidies.

- DEDUCTION FOR INTANGIBLE DRILLING AND DEVELOPMENT COSTS
- DEDUCTION FOR TERTIARY INJECTANTS
- EXCEPTION FROM PASSIVE ACTIVITY RULES FOR WORKING INTERESTS IN OIL OR GAS PROPERTY.
- PERCENTAGE DEPLETION ALLOWANCE FOR OIL AND GAS WELLS.
- DEDUCTION FOR INCOME ATTRIBUTABLE TO DOMESTIC PRODUCTION OF OIL, NATURAL GAS, OR PRIMARY PRODUCTS THEREOF.
- AMORTIZATION OF GEOLOGICAL AND GEOPHYSICAL EXPENDITURES TO APPLICABLE LARGE TAXPAYERS.
- FOREIGN TAX CREDIT RULES APPLICABLE TO LARGE INTEGRATED OIL COMPANIES WHICH ARE DUAL CAPACITY TAXPAYERS
- TAX AVOIDANCE LOOPHOLE ON CRUDE OIL AND NATURAL GAS PRODUCED FROM THE OUTER CONTINENTAL SHELF IN THE GULF OF MEXICO.
- DEDUCTION FOR INCOME ATTRIBUTABLE TO DOMESTIC PRODUCTION ACTIVITIES NOT ALLOWED WITH RESPECT TO OIL AND GAS ACTIVITIES

Oil companies are terrified of the free market. That is why they fight for subsidies & have our military force countries to sell their oil & only in US Dollars.

Those sound like ordinary business expenses for oil drilling and production.
Why shouldn't the oil business be allowed to deduct their expenses?
You know all businesses get to deduct their expenses. How is that a subsidy?

Cut off all subsidies and get back to the Free Market ASAP!

Great idea! Which subsidies do you feel they get?

 

[Toddsterpatriot]

I have many times. You are being stupid.

Just a few Big Oil Subsidies.

- DEDUCTION FOR INTANGIBLE DRILLING AND DEVELOPMENT COSTS
- DEDUCTION FOR TERTIARY INJECTANTS
- EXCEPTION FROM PASSIVE ACTIVITY RULES FOR WORKING INTERESTS IN OIL OR GAS PROPERTY.
- PERCENTAGE DEPLETION ALLOWANCE FOR OIL AND GAS WELLS.
- DEDUCTION FOR INCOME ATTRIBUTABLE TO DOMESTIC PRODUCTION OF OIL, NATURAL GAS, OR PRIMARY PRODUCTS THEREOF.
- AMORTIZATION OF GEOLOGICAL AND GEOPHYSICAL EXPENDITURES TO APPLICABLE LARGE TAXPAYERS.
- FOREIGN TAX CREDIT RULES APPLICABLE TO LARGE INTEGRATED OIL COMPANIES WHICH ARE DUAL CAPACITY TAXPAYERS
- TAX AVOIDANCE LOOPHOLE ON CRUDE OIL AND NATURAL GAS PRODUCED FROM THE OUTER CONTINENTAL SHELF IN THE GULF OF MEXICO.
- DEDUCTION FOR INCOME ATTRIBUTABLE TO DOMESTIC PRODUCTION ACTIVITIES NOT ALLOWED WITH RESPECT TO OIL AND GAS ACTIVITIES

Oil companies are terrified of the free market. That is why they fight for subsidies & have our military force countries to sell their oil & only in US Dollars.

Those sound like ordinary business expenses for oil drilling and production.
Why shouldn't the oil business be allowed to deduct their expenses?
You know all businesses get to deduct their expenses. How is that a subsidy?

Bullshit!!! You have no argument son.

Oil companies are terrified of the free market. That is why they fight for subsidies & have our military force countries to sell their oil & only in US Dollars.

Businesses deducting business expenses, just awful!!!

 

[Toddsterpatriot]

Oil companies are terrified of the free market. That is why they fight for subsidies & have our military force countries to sell their oil & only in US Dollars.

yeah, because nobody would want to sell their Oil, and do it for US dollars unless we forced them too.


You left wing loons, and your naivety, to cute. Fact is the Free flow of oil is Vital to the Entire worlds Economy, We don't just run are cars on the shit, We heat our homes and Light our homes, Power Industry, Process and Ship goods. Every Nation on earth relies on it. Cut of the Sources and In days people are starving, and Freezing to death.

So despite your Idealist, Naive Views on the Subject. Securing the Free flow of Oil onto the Worlds market is an EXTREMELY important National interest, Not only to the US, but just about every Nation on earth.

Yeah right! OPEC countries want Oil Bourse to sell in other currencies. And alternative energy must never be allowed to compete with the heavily subsidized oil industry even when it provides the same benefits.

You left wing loons subsidize the oil industry & fear the free market.

Oil companies are terrified of the free market. That is why they fight for subsidies & have our military force countries to sell their oil & only in US Dollars.

And alternative energy must never be allowed to compete with the heavily subsidized oil industry even when it provides the same benefits.

The same benefits? You mean solar works at night? Wind power works when there is too much or not enough wind? You're confused.

 

[FireFly]

The federal government subsidizes the oil industry with numerous tax breaks and government protection programs worth that amounts to $2 a gallon & billions of dollars annually. These benefits are designed to ensure that domestic oil companies can compete with international producers and that gasoline remains cheap for American consumers.

Our dependency on oil from countries that are either politically unstable or at odds with the U.S. subjects the American economy to occasional supply disruptions, price hikes, and loss of wealth, which, according to a study commissioned by the U.S. Department of Energy, have cost us more than $7 trillion present value dollars over the last 30 years. That is more than the cumulative cost of all of the wars fought by the U.S. since the Revolutionary War. The transfer of wealth to oil-producing countries - $1.16 trillion over the past thirty years - significantly increased our trade deficit. The Department of Energy estimates that each $1 billion of trade deficit costs America 27,000 jobs. Oil imports account for almost one-third of the total U.S. deficit and, hence, are a major contributor to unemployment.

To ensure access to the oil that fuels our economy, the U.S. is forced to maintain continuous presence in the Middle East. This presence has been a rallying cry for anti-Americanism and Islamic fundamentalism.

The cost of securing our access to Middle East oil - deploying U.S. forces in the Persian Gulf, patrolling its water and supplying military assistance to Middle East countries - is estimated at $50 billion per year, which adds additional 56 cents to each gallon of gasoline we purchase.

Political instability in the region breeds wars and embroils the U.S. in costly military actions. These wars add an aditional $1.13 per gallon.

Federal government oil subsidizes = $2.00 a gallon.
Cost of securing our access to Middle East oil = $0.56 a gallon.
Cost of wars caused by securing our access to Middle East oil = $1.13 a gallon.
Total subsidizes per gallon of gasoline = $3.69

True Cost of U.S. Gasoline is $15.14 per Gallon, Report Says

Ethanol Subsidies as of January 1, 2012 = $0.00

Chicken shit oil companies are afraid to compete with ethanol on a level playing field. When Henry Ford started manufacturing the automobile Ethanol was the fuel source for those vehicles. Standard Oil Company owner John D. Rockefeller bought congress & had them enact Prohibition to rid the US of his Ethanol competition. That is the only way Big Oil was able to take the automobile fuel market away from Ethanol.

 

[Neotrotsky]

Does Papa Obama even have a driver's license?

We know he can drive a golf cart ....

 

[Avatar4321]

I sincerely hope it wont be that high. Id rather have Obama reelected than my fellow Americans suffer.

Of course, chances are better that we wont be suffering if he is beaten

 

[HUGGY]

Gas Prices on the Rise, Expected to Top $4 Per Gallon This Spring

Maybe Obama could re visit the terror color alert system. It worked like a charm for Bush.

 

[Toddsterpatriot]

The federal government subsidizes the oil industry with numerous tax breaks and government protection programs worth that amounts to $2 a gallon & billions of dollars annually. These benefits are designed to ensure that domestic oil companies can compete with international producers and that gasoline remains cheap for American consumers.

Our dependency on oil from countries that are either politically unstable or at odds with the U.S. subjects the American economy to occasional supply disruptions, price hikes, and loss of wealth, which, according to a study commissioned by the U.S. Department of Energy, have cost us more than $7 trillion present value dollars over the last 30 years. That is more than the cumulative cost of all of the wars fought by the U.S. since the Revolutionary War. The transfer of wealth to oil-producing countries - $1.16 trillion over the past thirty years - significantly increased our trade deficit. The Department of Energy estimates that each $1 billion of trade deficit costs America 27,000 jobs. Oil imports account for almost one-third of the total U.S. deficit and, hence, are a major contributor to unemployment.

To ensure access to the oil that fuels our economy, the U.S. is forced to maintain continuous presence in the Middle East. This presence has been a rallying cry for anti-Americanism and Islamic fundamentalism.

The cost of securing our access to Middle East oil - deploying U.S. forces in the Persian Gulf, patrolling its water and supplying military assistance to Middle East countries - is estimated at $50 billion per year, which adds additional 56 cents to each gallon of gasoline we purchase.

Political instability in the region breeds wars and embroils the U.S. in costly military actions. These wars add an aditional $1.13 per gallon.

Federal government oil subsidizes = $2.00 a gallon.
Cost of securing our access to Middle East oil = $0.56 a gallon.
Cost of wars caused by securing our access to Middle East oil = $1.13 a gallon.
Total subsidizes per gallon of gasoline = $3.69

True Cost of U.S. Gasoline is $15.14 per Gallon, Report Says

Ethanol Subsidies as of January 1, 2012 = $0.00

Chicken shit oil companies are afraid to compete with ethanol on a level playing field. When Henry Ford started manufacturing the automobile Ethanol was the fuel source for those vehicles. Standard Oil Company owner John D. Rockefeller bought congress & had them enact Prohibition to rid the US of his Ethanol competition. That is the only way Big Oil was able to take the automobile fuel market away from Ethanol.

Our dependency on oil from countries that are either politically unstable or at odds with the U.S. subjects the American economy to occasional supply disruptions

Maybe we should drill in ANWR and import more from Canadian oil sands?

oil companies are afraid to compete with ethanol on a level playing field. When Henry Ford started manufacturing the automobile Ethanol was the fuel source for those vehicles.

I wonder which is easier, producing enough ethanol for a few hundred cars or a few hundred million?

 

[Full-Auto]

I have many times. You are being stupid.

Just a few Big Oil Subsidies.

- DEDUCTION FOR INTANGIBLE DRILLING AND DEVELOPMENT COSTS
- DEDUCTION FOR TERTIARY INJECTANTS
- EXCEPTION FROM PASSIVE ACTIVITY RULES FOR WORKING INTERESTS IN OIL OR GAS PROPERTY.
- PERCENTAGE DEPLETION ALLOWANCE FOR OIL AND GAS WELLS.
- DEDUCTION FOR INCOME ATTRIBUTABLE TO DOMESTIC PRODUCTION OF OIL, NATURAL GAS, OR PRIMARY PRODUCTS THEREOF.
- AMORTIZATION OF GEOLOGICAL AND GEOPHYSICAL EXPENDITURES TO APPLICABLE LARGE TAXPAYERS.
- FOREIGN TAX CREDIT RULES APPLICABLE TO LARGE INTEGRATED OIL COMPANIES WHICH ARE DUAL CAPACITY TAXPAYERS
- TAX AVOIDANCE LOOPHOLE ON CRUDE OIL AND NATURAL GAS PRODUCED FROM THE OUTER CONTINENTAL SHELF IN THE GULF OF MEXICO.
- DEDUCTION FOR INCOME ATTRIBUTABLE TO DOMESTIC PRODUCTION ACTIVITIES NOT ALLOWED WITH RESPECT TO OIL AND GAS ACTIVITIES

Oil companies are terrified of the free market. That is why they fight for subsidies & have our military force countries to sell their oil & only in US Dollars.

Those sound like ordinary business expenses for oil drilling and production.
Why shouldn't the oil business be allowed to deduct their expenses?
You know all businesses get to deduct their expenses. How is that a subsidy?

Bullshit!!! You have no argument son.

Oil companies are terrified of the free market. That is why they fight for subsidies & have our military force countries to sell their oil & only in US Dollars.

The conspiracy section is below. Maybe if you huff and puff. Yes Im sure that will do it.

 

[Fang]

Gas Prices on the Rise, Expected to Top $4 Per Gallon This Spring

Obama sets gas prices?????????

Who Knew?????

Yea really, we all know only President Bush could set prices back in Spring of 2008.