Oil companies in general, as most big businesses, and BP in particular, have given far more political $$ to Democrats than to the Republicans - just a factoid.
I stand corrected in sofar as oil & gas industry group is concerned, but I was talking about Big Business as a whole, and there I am correct - there is no contest, the Democrats have gotten a lot more political payola than did Republicans.
Federal gas tax is $0.18 per gallon. Oil companies profit at the well head, the refinery, and at the pump, and the plastics plant, fertilizer plant, pesticide plant, and many other locations along the line that barrel of crude follows. Anyone thinking $4 gas goes to the station operator (about $0.06 per gallon) is an idiot who knows nothing about marketing in the petroleum industry.
Now add in billions in direct subsidies to “encourage exploration” when only 20% of GRANTED LEASES, and DRILL PERMITS are actually producing–and you have a real con game going.
The “tax breaks” are only a small portion of the ripoffs. At least in England, the high price builds you highways not totally filled with potholes and falling down infrastructure.
Still wrong, petergrt. Why shouldn’t businesses support the GOP? It’s mutual. The exceptions are more a case of betting on both sides so they have a foot in the camp whoever wins.
You can (and no doubt will) cite a few notable rich people who donate to the Democrats, but arguing by exception doesn’t really work.
As an European I find this strange that the government deduct taxes for oil companies. Not like oil business have been in any economic crisis the last 100 years.
If you wonder how much the price for petrol is in Europe I don’t know for every country but here in Sweden it’s about 8.70 USD/gallon.
The gas price will continue to rise in the US for several reasons.
The weak dollar, the dollar starting to reach all time low values, two years ago 1 USD cost me over 9 SEK (Swedish krona), it’s now at 6.05 (SEK/USD), a 30% drop in two years, oil producers raises the price as the dollar drops.
Countries like China and India starting to buy more oil as there industries and consumptions levels sky-rocketing, over 2.5 billion people in those countries that wants what we got, a car, a house, cheap food and so on.
Expect 6 USD/gallon within the next couple of years if these things continues.
^ Yes, I know the term “Große Lüge” was coined by ‘dolf (hence my comment about Bernay’s coincidental Austrian birth) but I imagine Church is trying to say that Göbbels learnt from the master, Bernays, who led Wilson’s propaganda campaigns and his techniques predates Mein Kampf.
Heäs just being pedantic.
Motivemagus about 13 years ago
ZING!!
petergrt about 13 years ago
Oil companies in general, as most big businesses, and BP in particular, have given far more political $$ to Democrats than to the Republicans - just a factoid.
yayliberalism about 13 years ago
I would very much like you to cite that “factoid” along with how it has been over the past few years. You do know what citing is right?
petergrt about 13 years ago
http://www.politico.com/news/stories/0510/36783_Page2.html
I stand corrected in sofar as oil & gas industry group is concerned, but I was talking about Big Business as a whole, and there I am correct - there is no contest, the Democrats have gotten a lot more political payola than did Republicans.
Dtroutma about 13 years ago
Federal gas tax is $0.18 per gallon. Oil companies profit at the well head, the refinery, and at the pump, and the plastics plant, fertilizer plant, pesticide plant, and many other locations along the line that barrel of crude follows. Anyone thinking $4 gas goes to the station operator (about $0.06 per gallon) is an idiot who knows nothing about marketing in the petroleum industry.
Now add in billions in direct subsidies to “encourage exploration” when only 20% of GRANTED LEASES, and DRILL PERMITS are actually producing–and you have a real con game going.
The “tax breaks” are only a small portion of the ripoffs. At least in England, the high price builds you highways not totally filled with potholes and falling down infrastructure.
Motivemagus about 13 years ago
Still wrong, petergrt. Why shouldn’t businesses support the GOP? It’s mutual. The exceptions are more a case of betting on both sides so they have a foot in the camp whoever wins. You can (and no doubt will) cite a few notable rich people who donate to the Democrats, but arguing by exception doesn’t really work.
OmqR-IV.0 about 13 years ago
^ Actually Edward Bernays. Interestingly, born Austrian and Freud’s nephew! But ok, moved over to the US soon after he was born.
houze about 13 years ago
As an European I find this strange that the government deduct taxes for oil companies. Not like oil business have been in any economic crisis the last 100 years. If you wonder how much the price for petrol is in Europe I don’t know for every country but here in Sweden it’s about 8.70 USD/gallon. The gas price will continue to rise in the US for several reasons. The weak dollar, the dollar starting to reach all time low values, two years ago 1 USD cost me over 9 SEK (Swedish krona), it’s now at 6.05 (SEK/USD), a 30% drop in two years, oil producers raises the price as the dollar drops. Countries like China and India starting to buy more oil as there industries and consumptions levels sky-rocketing, over 2.5 billion people in those countries that wants what we got, a car, a house, cheap food and so on. Expect 6 USD/gallon within the next couple of years if these things continues.
OmqR-IV.0 about 13 years ago
^ Yes, I know the term “Große Lüge” was coined by ‘dolf (hence my comment about Bernay’s coincidental Austrian birth) but I imagine Church is trying to say that Göbbels learnt from the master, Bernays, who led Wilson’s propaganda campaigns and his techniques predates Mein Kampf. Heäs just being pedantic.
OmqR-IV.0 about 13 years ago
^ Nothing wrong with being pedantic, I was being it too.