denverbill
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Fri May-19-06 02:03 PM
Response to Reply #12 |
| 13. If every single company in the Gulf had the same increase, |
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it still wouldn't matter, because only a tiny fraction of the world's oil comes from the Gulf. Pemex's costs don't change, Saudi Arabia's don't change, Russia's don't change.
If Iowa put a tax on corn, the only people it would affect would be Iowa farmers. If they tried to hold out for more money ($5 instead of $4), the only people it might help would be every other corn farmer in the world, who might possibly be able to make more money for their corn, temporarily. Because pretty soon the Iowa farmers would be forced to drop their price or they wouldn't sell any corn at all. And when that happens the price won't stop dropping until supply = demand, which is right back at $4 where it all started.
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| -NYT: (Bi-partisan) Vote in House Seeks to Erase Oil Windfall |
DeepModem Mom |
May-18-06 09:19 PM |
#0 |
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YES!!! |
dionysus |
May-18-06 09:22 PM |
#1 |
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Let's see what really happens. |
acmavm |
May-18-06 09:26 PM |
#2 |
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I'm not holding my breath |
radfringe |
May-20-06 04:05 AM |
#22 |
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If this bill passed, I bet Bush would sign it and then issue one of his |
neverforget |
May-18-06 11:59 PM |
#3 |
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So, how does this reduce the price of oil? |
toopers |
May-19-06 07:44 AM |
#4 |
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EXACTLY!!! |
hughee99 |
May-19-06 09:08 AM |
#5 |
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I thought the price of oil was controlled by the market? |
denverbill |
May-19-06 09:37 AM |
#6 |
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Why wouldn't taxing the oil affect what the consumer pays? |
toopers |
May-19-06 11:18 AM |
#7 |
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That's a tax on gasoline, and that's totally different. |
denverbill |
May-19-06 11:55 AM |
#9 |
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Has Exxon's profit margin increased? |
toopers |
May-19-06 12:22 PM |
#11 |
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Well, yes, it's tripled. |
denverbill |
May-19-06 02:22 PM |
#14 |
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It still doesn't mean their profit margin has increased . . . |
toopers |
May-20-06 02:01 AM |
#21 |
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OK, how about we use common sense then? |
denverbill |
May-20-06 09:50 AM |
#23 |
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I agree, let's use some common sense . . . |
toopers |
May-20-06 07:17 PM |
#24 |
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It is supply and demand |
hughee99 |
May-19-06 11:25 AM |
#8 |
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How exactly do the 'demand' more for their oil? |
denverbill |
May-19-06 12:13 PM |
#10 |
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Is Exxon the only company that would be affected by this? |
hughee99 |
May-19-06 01:23 PM |
#12 |
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If every single company in the Gulf had the same increase, |
denverbill |
May-19-06 02:03 PM |
#13 |
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Makes sense... |
hughee99 |
May-19-06 02:23 PM |
#15 |
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It won't directly help the consumer or lower gas prices. |
denverbill |
May-19-06 02:33 PM |
#17 |
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Is it necessarily 10 billion that you don't have to pay, though? |
hughee99 |
May-19-06 02:51 PM |
#18 |
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There's no guarantees, especially with the pandering party in charge. |
denverbill |
May-19-06 04:37 PM |
#20 |
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This is oil and gas from PUBLIC LANDS |
jpak |
May-19-06 02:27 PM |
#16 |
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I don't have a problem with them paying more... |
hughee99 |
May-19-06 04:19 PM |
#19 |
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it doesn't but it DOES give US taxpayers $ for oil leases so we have |
wordpix2 |
May-20-06 07:47 PM |
#25 |
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