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$100,000,000,000.00 in profits. Big Oil complains about losing tax refunds. Big Babies?

Tully 2011/05/24 20:13:53
Yes, get over it, the free ride is over.
No, they need our money and the pump and our tax dollars!
You!
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The big five of Big Oil might want to mull over a bit of advice
that baseball great Ted Williams once offered to rookies: "If you don't
think too good, don't think too much."


Apparently, the chieftains of BP, Chevron, ConocoPhillips,
ExxonMobil, and Shell thought that a bit of gruff, CEO bluster would be
just the thing to brush back public anger over the industry's all-star
avarice and arrogance. Bad thinking.


Last week, the head of these multibillion-dollar behemoths,
pumped up on narcissism, strode into a U.S. Senate hearing room and took
wild swings at a bill titled: "Close Big Oil Tax Loopholes." In a time
of $4-a-gallon gasoline, stratospheric rises in petro profits, and a
federal budget deficit severe enough that Republicans have called for
killing Medicare, the spark that exploded the public's fury at oil
giants was the revelation that the big five are on the government dole,
drawing more than $2 billion a year in corporate welfare payments.


Exxon's top exec flailed at the bill, absurdly labeling it
"discriminatory." Next up was Shell's man, who feigned almost-comic
outrage at the notion that our nation's budget deficit should be reduced
"by taking more from the few," as though he was unaware that "the few"
in question are notorious tax dodgers, paying little or nothing on their
enormous profits. Wildest of all though was Conoco's chief, Jim Mulva,
who inflamed senators and insulted the public by calling the bill
"un-American."


No, Mr. Mulva, what's un-American is that you five clueless CEOs
expect to haul in $100 billion in profits this year, yet you're whining
that you should be given $2 billion in special tax breaks, even as
little kids are being cut-off from Head Start and the GOP threatens to
take Medicare away from Grandma. Start thinking about someone besides
your sorry selves.


"The Showdown Over Big Oil," www.thinkprogress.org, May 5, 2011.


"Big Oil execs hit back on tax proposal," www.cnn.com, May 12, 2011.


"Big 'Un-American' Oil," Austin American Statesman, May 15, 2011.


Read More: http://www.jimhightower.com/node/7451

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  • THE ONE 2011/05/24 21:17:26
    Yes, get over it, the free ride is over.
    THE ONE
    SURE....END THE WRITEOFF FOR BIG OIL. JUST HAVE THEM CHARGE MORE AT THE PUMP. THEN IF THAT IS STLL NOT GOOD ENOUGH.....MAKE THEM SHIP THE JOBS OVERSEAS. IN FACT....TAKE AWAY ALL WRITE OFFS IN BIZ.....THEY COULD ALL JUST CHARGE MORE FOR PRODUCTS AND SERVICES AND MOVE THEIR BIZ TO CHINA AND MEXICO.
  • Tully THE ONE 2011/05/24 21:40:10
    Tully
    so we bend over and take it?
  • THE ONE Tully 2011/05/27 15:35:48
    THE ONE
    YOU CAN GIVE INCENTIVES FOR BIZ TO STAY IN AMERICA AND EMPLOY AMERICANS WHILE PAYING TAXES HERE.

    OR

    YOU CAN PUNISH THEM TO THE POINT THEY LEAVE TO TAKE ADVANTAGE OF THE INCENTIVES CHINA, MEXICO AND RUSSIA OFFER.

    MAYBE THE DEMS CAN DRIVE ALL THE JOBS OVERSEAS AND WE CAN JUST IMPORT EVERYTHING AN CHARGE A HIGH TARRIF.....THAT SEEMS LIKE A LIBERAL IDEA.
  • Tully THE ONE 2011/05/28 18:26:54
    Tully
    so, gas companies are going to ship gas jobs overseas? the biggest market in the world and they're not going to participate?

    What kind of oil jobs will go overseas?
  • THE ONE Tully 2011/05/28 21:44:52 (edited)
    THE ONE
    THEY CAN EASILY BASE THEIR COMPANIES IN RUSSIA, MEXICO OR CHINA. THEY COULD ALSO TAKE ALL THEIR MARKETING, ADMIN AND ACCOUNTING JOBS TO THOSE COUNTRIES COSTING AMERICAN JOBS. THEN THE COMPANIES CAN PAY LESS IN WAGES, LESS IN TAXES AND NOT BE HASSLED BY THE E.P.A. ALSO THEY CAN THEN RAISE PRICES EVEN MORE AS THE U.S. WOULD HAVE NOTHING OVER THEIR HEADS.

    IF YOU DO NOT THINK THIS COULD HAPPEN....TREAT YOURSELF TO A FINE WEEKEND IN DETROIT.
  • Tully 2011/05/24 20:20:30
    Yes, get over it, the free ride is over.
    Tully
    Your free ride on the backs of the Tax Payer should be over.

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