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One, they may not have known when they signed the lease.
Oil leases are a form of speculating.
Oil leases are a form of speculating.
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It's almost as if all his overconfident, absolutist assertions were spoonfed to him by a trusted website or subreddit. Sheeple
RIP Tony Bogey & Baron O -
Why did people buy useless swamp land in Miami in the 60s?Why would oil companies spend money leasing land where it's unprofitable to drill?
Exactly. Or they did drill there already but the fields were depleted to the point of no longer being profitable now, but will be again eventually.One, they may not have known when they signed the lease."The DPRK is still in a state of war with the U.S. It's called a black out." - Che explaining why orbital nightime pictures of NK show few lights. Seriously.Comment
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From the Wall Street Journal:
Obama Offers Support
For Offshore Drilling
Backing Linked
To a Compromise
On Energy Bill
By AMY CHOZICK
August 4, 2008; Page A4
CHICAGO -- In the latest sign of a shift on a key issue, Democratic presidential contender Barack Obama said on Saturday he would support an expansion of offshore drilling as part of a broader bipartisan energy bill.
Critics are branding this a flip-flop, but Sen. Obama is citing it as an example of a central tenet of his candidacy: a willingness to bridge divisions to address long-festering problems.
"If we can come up with a genuine bipartisan compromise in which I have to accept some things I don't like or the Democrats have to accept some things they don't like...that's something I'm open to," Sen. Obama said at an Orlando, Fla., news conference. He is expected to deliver a major speech for dealing with the rising cost of energy on Monday in Lansing, Mich.Comment
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Pelosi is going to be pissed
Last edited by Patroklos; August 4, 2008, 14:53."The DPRK is still in a state of war with the U.S. It's called a black out." - Che explaining why orbital nightime pictures of NK show few lights. Seriously.Comment
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To be fair, that's more about getting energy interests to fall in line when he has to pass cap and trade than a genuine flip flop (i.e. FISA)."Beware of the man who works hard to learn something, learns it, and finds himself no wiser than before. He is full of murderous resentment of people who are ignorant without having come by their ignorance the hard way. "
-BokononComment
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The purpose of the excess profit tax would be to raise tax revenue. Those other things mentioned would have other purposes. The excess profit tax would do exactly what it is intended to do.Originally posted by Ramo
The strategic oil reserve release, the gas tax holiday, the excess profit tax, drill everywhere: it's all bull****. But, as I've been saying, the McCain proposals are obscene compared to Obama's.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Jack up gas prices?The purpose of the excess profit tax would be to raise tax revenue. Those other things mentioned would have other purposes. The excess profit tax would do exactly what it is intended to do."The DPRK is still in a state of war with the U.S. It's called a black out." - Che explaining why orbital nightime pictures of NK show few lights. Seriously.Comment
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Would be a good thing.
JMJon Miller-
I AM.CANADIAN
GENERATION 35: The first time you see this, copy it into your sig on any forum and add 1 to the generation. Social experiment.Comment
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Obama agrees with you, what about the voters?Would be a good thing."The DPRK is still in a state of war with the U.S. It's called a black out." - Che explaining why orbital nightime pictures of NK show few lights. Seriously.Comment
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A tax on the profit a company makes is different from an excise tax. The price that a company maximizes it's profit will be at the exact same place as without the tax. If it lowers it's production it will make even less after-tax profit.Originally posted by Patroklos
Jack up gas prices?I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Who said anything about lowering production?"The DPRK is still in a state of war with the U.S. It's called a black out." - Che explaining why orbital nightime pictures of NK show few lights. Seriously.Comment
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So prices go up, and then there's a big fat tax credit. Allowing consumers to buy more fuel. The worst part about it is that it's only for one year. There's no incentive to change long term behavior. It's basically a net wash, minus administrative costs.
The purpose of the excess profit tax would be to raise tax revenue. Those other things mentioned would have other purposes. The excess profit tax would do exactly what it is intended to do.
If there were some long term infrastructure investment we used the money with - mass transit, alternative energy, etc. - there might've been some merit in the proposal."Beware of the man who works hard to learn something, learns it, and finds himself no wiser than before. He is full of murderous resentment of people who are ignorant without having come by their ignorance the hard way. "
-BokononComment
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There's nothing more fun than dousing the Wicked Witch of the West with a big bucket of water.Originally posted by Patroklos
Pelosi is going to be pissed
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Except that the Europeans have realized that the same principle operates with things like health care and other insurance products. If you leave it to the market, then people stand around holding their nuts.Originally posted by rah
Because if left to their own recourse, people would choose not to pay for it and rely on their neighbor to do it. Kind of like Europe.
It's strange that you can accept this principle in the case of defence, but not say in health care and education.
American reluctance to pay tax is the primary cause of the Canadians doing better than you, even though they are less rich.
It's not really about paying fair shares as much as it is making sure that people's needs get satisfied.I prefer the Goverment to tax us and make everyone pay their fair share.
If what you said above is true, then McCain does not line up with your beliefs in an important respect.And I think McCain lines up better with my personal beliefs. He has done a lot in his life where I don't think Obama has done anything yet, so I'm not sure if he ever will. I like the man, but not ready to be led by him.Only feebs vote.Comment
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I just want to add that a PDF that's hosted by barackobama.com and can be easily gotten to by clicking a link on the Summary page for Energy is clearly not "non-site."Ah, burried safely in the non site PDF..."Beware of the man who works hard to learn something, learns it, and finds himself no wiser than before. He is full of murderous resentment of people who are ignorant without having come by their ignorance the hard way. "
-BokononComment
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