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Windfall Profit Tax on Big Oil

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  • #106
    'Substitutable commodities?'

    A consumer in North America?

    You're a laugh riot!

    You think because you choose not to drive you are sheltered from the price of gas?

    You think that because you live in a town house heated with hot water you are sheltered from the price of fossil fuels?

    What cave are you tryng to dwell in?

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    • #107
      FFS, even the Euros still use gas and it effects the price of their consumer goods.

      What makes you think you can escape it living in a land with half or less the population density and a quarter of the incentive to ween from gas guzzling engines?
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      • #108
        Personally, I am more exposed to the price of electricity than the price of oil.

        Everybody has their own circumstances, but people and industry will substitute for oil at the right price. It's just the way these things work. Oil isn't a magic commodity. But it normally is cheap and readily available.
        I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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        • #109
          Personally. Other than that you are showing an alarming lack of clues. You pay an electric bill. You choose not to drive. Big whoop!

          Anything you buy has the price of oil to get it to you buried in the price tag, and you are a grade A fool if you think you are getting the same for the same when the price of oil went from $40 to $60 and then $70.
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          • #110
            Originally posted by DanS
            Everybody has their own circumstances, but people and industry will substitute for oil at the right price. It's just the way these things work. Oil isn't a magic commodity. But it normally is cheap and readily available.
            Tell me then, Mr Economy, why do Euros still use trucks when gas is $3 per litre? Hmmm?

            Substitute that!
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            • #111
              Anything you buy has the price of oil to get it to you buried in the price tag
              Everything I buy was manufactured with electricity. Such costs are reflected in the price tag.
              I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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              • #112
                If I thought that the government were truly interested in simply upholding the laws I'd be all for an investigation of collusion or whatever there seems to be evidence of. But this seems instead like a lot of political grandstanding that will only tend to drive investment dollars away from the energy sector. Fixing prices whether it is done directly or through the trigger of a "windfall profit" tax does one thing every time, it creates or excacerbates a shortage. Big oil companies over the long term make about 9-10% profit. That's not exactly crazy, but a reasonable return on a commodity with such price volatility. Sucking money from people who invested in good faith isn't going to make energy any cheaper even in the short term, but it will make energy more expensive than it needed to be in the long run. If you are determined to tax someone somehow, a simple increase in the gasoline tax would be a much better solution.
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                But he touched it too much!
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                • #113
                  Originally posted by DanS


                  Everything I buy was manufactured with electricity. Such costs are reflected in the price tag.
                  And the price of electricity isn't affected by fossil fuels?



                  You're a very funny man, Dan.
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                  • #114
                    Originally posted by notyoueither
                    Tell me then, Mr Economy, why do Euros still use trucks when gas is $3 per litre? Hmmm?
                    Substitute that!
                    Most of that is taxes which are also applied to the readily-available substitutes.

                    Besides, I thought it went without saying that Euros are retards.
                    I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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                    • #115
                      And the price of electricity isn't affected by fossil fuels?
                      Did you miss my several posts about coal?
                      I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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                      • #116
                        Originally posted by DanS


                        Most of that is taxes which are also applied to the readily-available substitutes.

                        Besides, I thought it went without saying that Euros are retards.
                        They still use gas with a price three times what your neighbour pays.

                        What does that tell us about substituting for oil, oh Econ Wizard?

                        I know, I know, see above re retards.
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                        • #117
                          What does that tell us about substituting for oil, oh Econ Wizard?
                          Nothing at all.
                          I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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                          • #118
                            Originally posted by DanS


                            Did you miss my several posts about coal?
                            I'm thinking you'd be embarassed about putting up coal as an answer to the economies of oil.

                            But if you want to ignore the effect of petrochemicals on the price of coal fired electricity, be free to be a dumbass.
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                            • #119
                              Originally posted by DanS


                              Nothing at all.
                              Really?

                              At way over 3x the cost, they still use gasoline.

                              Can you figure that?

                              Maybe there isn't a good substitute outside of economy?
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                              • #120
                                euros use trucks, but you dont see huge 18 wheelers, or suvs on the street.
                                "Everything for the State, nothing against the State, nothing outside the State" - Benito Mussolini

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