Why does big oil need tax breaks and gov subsidizes?

Here's the logic... they got subsidies... they have kept the suvsidies...and if YOU take away the subsidies...THE GOD DAMN PRICE OF GAS GOES UP AT LEAST 25%..

Take away subsides??... No....Re- NEGOTIATE subsuidies... Yes.....

or, they take a 25% haircut in their profits...

btw, i dont' think 25% is the right number... i'll bet you are making that up.

They will NEVER take a haircut Junior , why would they ??..... you... like ALL liberal idiots... are delusional....25% is LOW... I was being optimistic .

they will if we tell them to.

they don't run this country, they only think they do because they have control of the government

but as you can see on BOTH sides of the political divide, that ppl don't want to be controlled by the government, or anyone else for that matter.

the oligarchs are in for a "let them eat cake" moment, and their fear of that is becoming more palpable EVERY DAY.

YOU and I and the Gooberment does NOT control the oil companies profit margin.. That's how commies think... you assume that thier profits are YOUR profits.. that is why Demoturds are in for another shellacking on November 6th....

WE (all of us) actually DO control the profit that ANY company makes (indirectly), because we set up the rules of the game....

if for example, WE said they had to pay a carbon tax on every gallon of fossil fuel they produced, then we could dial that knob and indirecly regulate how much money they can make.

that is one of the roles of govenment as set out in the Constitution.

This twit doesn't understand that the global price of crude is dictated by OPEC and gets shipped to our shores at that price.

It still has to be refined into a usable fuel and if we were drilling in our own Federal lands we could tell OPEC and the camel jockey's to pack sand.

Once again, they b!tch for the sake of b!tching, but b!tch about the wrong b!tches.

Bingo.. and like all commies... they think they casn dictate profit margins for an independent company . Then when they find theyt can't they call for Hugo Chavez style Socio-Communistic take over of privater industry... I hate commies.....

you wouldn't know a "commie" if you had lunch with one.

I'm responding to you.. an obvious commie ...I can smell your commie stink through the computer....please

smells like.. VICTORY!

Nope.. stinks like an open sewer there Skippy .

i'm sitting right here....are you too much of a coward to address me directly?

even the oil we DO drill on our lands is still sold in the international market... so no, we would not be able to tell those "camel jockeys" as you call them to do anything at all.

Are you truly that ignorant? NO, the resources that are produced in ANY country are not subject to International trade unless that country chooses to be in that market.
The ONLY reason we are bound to OPEC is that we currently IMPORT oil from the global market.

Within our borders, we have twice as much recoverable fossil fuels than Iraq, Iran, Saudi Arabia and Venezuela combined but the govt. has decided to sit on it and wait as other nations run dry.

The Green River Formation has been known for 50 years and the latest USGS survey confirms the equivalent of 3 trillion bbls, 1/2 of that being economically recoverable. That alone would provide all our energy needs for over 100 years at current consumption levels and that doesn't include all the other natural gas supplies and the discoveries in S. Dakota etc.

The U.S. could be energy independent within a few years if all the red tape went away and leases were approved to drill immediately without all the bullsh!t environMENTAL studies that take a decade to complete.

you are talking about tar sands, not light sweet crude.

much more expensive to extract and refine and much more harmful to our environment.

and btw, completely sidesteps the real issue which is that we need to get OFF of fossil fuels before we change the climate so much that Earth can no longer support out existence.

Bullsh!t. The Green River Formation is shale and the EPA already approved a newer method of extraction that utilizes cables that are inserted, super-heated, thus liquefying and separating the product.

It comes in at 1/3RD the cost of current methods and causes next to -0- environmental impact.
Even the two test sites that progs keep pointing to and claiming that fracking causes damage showed that it was the faulty construction of the wells themselves and NOT the process.

There are PLENTY of future energy supplies below the Earth's crust in the form of Geo-thermal that will last until the core of the Earth cools and dies like Mars did.

Problem is, while we dick around with the AGW freaks and envronMENTAL loons, China & Japan are busy drilling down the necessary 16 miles to unlock the mysteries of the depths.

We are getting smoked in technology and will continue to fall behind until we rid our govt. of every last one of these domestic terrorists called progressives.

http://energy.usgs.gov/OilGas...
http://www.thenewamerican.com...

I never made the claim that it was easier or less expensive than pumping out a liquid deposit. That's your narrative, kumquat.

Fact is, if leases had been approved to follow up on what was done prior to 2009, we would be producing a Helluva lot more than we are now, despite the claims that it's at an all time high.

All the locations being drilled now are a result of leases granted while Bush was in office.... NOTHING to do with 0bozo.

The jackass keeps clinging to the very precise terminology of 'proven reserves' while repeating his thinly veiled LIE that we only have 2% of the world's resources, yet use 20%.

Legally, it's a factual statement but in reality is 100% Bullsh!t.

They are on American public welfare (and some are foreign owned)..........You don't expect them to give their own money to back politicians and influence elections do you?.

The Oil isn't the only Industry, of many, that receives subsidies. As a matter of fact, they are number four on the list behind Financial, Utilities, and Telecommunications, yet pay a higher effective Tax rate than the top three. I'm not sure where you're going with this, lee, but I imagine it's a desire on your part to see Oil's subsidies taken away. Fine; if that's your plan, then lets do away with all subsidies. Sound good to you, lee?

yes, and lets put a windfall tax on them to fund renewable energy tech.

i would offer them tax incentives, but they have proven that even if they did make a break thru in renewable, they would patent it and bury it so no one else could compete with them.

understandable, but not what is in the best interests of our nation and our planet.

They wouldn't need anything if the Feds would open our own lands and we could tell OPEC to pack sand.

Besides, the Federal govt. takes 4 times in taxes what the oil companies make per gallon and they don't pay for the exploration, drilling operations or refining. It's all gravy.

so you don't think they make enough money then?

have you seen their profits the last few quarters?

Have you seen what the Federal govt. scraped off and didn't do anything to earn it?

The U.S. Federal govt. cannot dictate how much one is allowed to earn and our Constitution backs that up.

didn't do anything to "earn" it?

where do you think the oil and gas company GOT that resource from?

thin air?

no, they extracted it from OUR land.... your land, my land... the commons.

this goes to Obama's point about how if you have a successful business, you didn't get their alone... you had help. in this case WE provided the access to resources so they could extract and make their enormous profits.

yes the commons...

there are vast areas of federal lands that are not deeded to anyone... and a lot of extraction takes place on those lands.

the lease only covers the cost of providing access to the land and minimal adminstrative costs... it does not NEARLY begin to adress the true value of what is being extracted, nor does it take into account the damage done to the environment from both the extraction and from the burning of the fossil fuel.

Damned if I know, but I think they should be STOPPED ASAP.

And what of all the other Industries that receive subsidies? Should they all be stopped ASAP, too, or just the oil subsidies?

Because Big Oil contributes to political campaign funds.

And none of the other Industries who receive subsidies do?

I think it is to influence them...