Oil Prices, please hit me again, harder
It can not be a coincidence that Oil companies are raking in profits by the tanker and both George W. Bush and Dick Cheney are oil men. So, as prices at the pump surge, what are we to do? Well, we can keep handing our paychecks to the oil companies who have made over 1/2 a trillion dollars in profit since 2001 (a half a TRILLION), we can pressure our congressmen to fight back. The oil tax breaks that are killing our economy need to be rescinded. Secondly, we have to look push for renewable energy. We need more legislation like HR. 5351. Finally, we need to get over the I’m not sure that this or that is clean enough. We need to get started. We can sort out what is working and what isn’t once we pass GO!
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From AP:
Gas prices jumped Friday to their highest level since June, a possible preview of what many analysts believe will be a record spike in pump prices this spring.
But the current price surge could be short-lived. While gasoline has risen sharply in recent days in response to oil’s dramatic climb to a new record above $101 a barrel, gas supplies have quietly grown to their highest level in 14 years. (more…)
So that I am not miss quoting:
Denial of section 199 benefits for certain major integrated oil companies (freeze current
law section 199 benefits at 6% for oil and natural gas production income of other
taxpayers).
“Denial of section 199 benefits for certain major integrated oil companies” refers to whom? What is the list of “certain major integrated oil companies?”
I work for a medium sized “fossil fuel polluter” and I am here to tell you that we are not the bad guys. We donate countless hours mentoring school children, donating funds for many, many, many support organizations and charities, and not only do we actively participate in environmental projects worldwide, we show an achievement of goals far above the environmental regulations. — but enough of defending the “dragons.”
The second part of that amendment, “freeze current
law section 199 benefits at 6% for oil and natural gas production income of other
taxpayers.” Alot of those taxpayers are the “little people.” I know several widows who supplement their social security with those funds. So if their little pittance is frozen at 6%, what kind of financial support is that? Based on financial planning advise, if you do not get an increase of 3% on your investment in a year, you are losing money because of inflation. So what do you propose they do? Social Security is dwindling away and our retired can not support themselves. Those of us who will be retiring soon, will probably not see any SS and all we have are our investments, of which some are linked to oil and gas production.
People please! Instead of chewing off a paw to get way, open the trap. When are we going to take care of our county? How many foreign countries stepped forward to help us with Katrina and how did it compare to what we do for them? I want to know what would happen if the US took a one year leave of fiancial absence abroad to repair our own budget — just one year!
how can anyone dispute this fact:
when bush and cheney went in to office i was paying below one dollar per gallon of regular unleaded gasoline. the price is now 3.20 per gallon. between the banks who scraped the cream off the top of the home mortgages and left millions with no home equity… and the oil companiies left to run amuk over the ordinary citizens, the bush/cheney combo has stripped the citizenry of trillions and funneled it into the coffers of the very rich.
that is fact…. and should be criminal