$6 Gas; what's your guess? - Page 7

monster · 05-09-2011, 10:31 PM

lucky fuckers.....

Trilby · 05-11-2011, 07:11 AM

I filled up yesterday.

4.09/gal. Cost me 57.00 American.

That's a record for me.

SamIam · 05-11-2011, 07:15 PM

$3.85 here this afternoon.

plthijinx · 05-11-2011, 07:40 PM

paid $3.71 near my townhome but saw it on I-45 at a chevron for $3.99 in the same day.

TheMercenary · 05-11-2011, 10:00 PM

We just hit $4. or there abouts.

TheMercenary · 05-11-2011, 10:04 PM

Anyone who thinks that the petrol companies are getting subsidies is a god damm fool. They are the same tax breaks all the other big companies get.

Fair&Balanced · 05-12-2011, 08:11 AM

Subsidies are primarily in the form of royalty relief for off shore drilling (and some drilling on federal lands).

Until the 1990s, oil companies payed a royalty fee to drill in these areas and the fees generated at least $100 billion in revenue to the goverment over the years.

In the 90s, a policy was adopted to waive the royalty fees as an incentive to enourage drillng when the price of a barrel of oil was around $20. The waiver was tied to the price of oil so that if it rose signicantly, the waiver would no longer be available.

In the 2005 Energy Bill, the waiver of the royalty fees was extended but no longer tied to the price of oil, so that energy companies are still getting the waiver. It was never the intent to continue to waiver when a barrel of oil was at the current high price.

Yes, it is a subsidy.

infinite monkey · 05-12-2011, 08:14 AM

http://www.cnn.com/2011/POLITICS/05/....html?hpt=Sbin

classicman · 05-12-2011, 09:16 AM

Quote:

Originally Posted by TheMercenary

Anyone who thinks that the petrol companies are getting subsidies is a god damm fool. They are the same tax breaks all the other big companies get.

OK, lets assume that is true for a moment. We'll start there and end them before moving on to the next category. Any suggestions? What other companies are getting them? GE comes to mind for some reason, but I think maybe that's related to taxes... Anyone?

HungLikeJesus · 05-12-2011, 09:35 AM

Well, if the oil companies aren't getting subsidies, I guess they don't have to worry about having them taken away.

infinite monkey · 05-12-2011, 09:43 AM

And they can just forget about the legislation.

Quote:

Washington (CNN) -- Senate Democrats opened debate Wednesday on legislation to cut $21 billion in tax subsidies from big oil companies and use the money to reduce the federal debt -- a move designed to put Republicans on the defensive and capitalize on public anger over rising gas prices.

http://www.cnn.com/2011/POLITICS/05/....html?hpt=Sbin

So, what are they meeting about?

classicman · 05-12-2011, 11:27 AM

Quote:

Originally Posted by IM

And they can just forget about the legislation

Quote:

Analysts believe, however, that Democrats will try to use the issue to their political advantage in both the run-up to the 2012 elections and in the ongoing fight to increase the amount of money the federal government is allowed to borrow before Washington defaults on its financial obligations.

Quote:

GOP leaders argue, among other things, that it is unfair to single out a specific industry, regardless of how unpopular that industry may be.

...or how much they donate..

Like I said already. My reply to that argument is "This is just the beginning. We'll get to the other industries like farming, cell/fios/internet/banking/ect shit later."

On the other hand, no this will never happen. They've been playing this game for too many years. I wonder if they do this public politicking just to get their donors (read corporate masters) to cough up more cash.

infinite monkey · 05-12-2011, 12:04 PM

I read the article. I was referring to the assertion that the oil companies don't get subsidies, for us god damm fools.

classicman · 05-12-2011, 12:30 PM

Quote:

Originally Posted by infinite monkey

I read the article. I was referring to the assertion that the oil companies don't get subsidies, for us god damm fools.

I was moving on from that assertion - you gdf.

infinite monkey · 05-12-2011, 12:40 PM

05-09-2011, 10:31 PM	#91
monster I hear them call the tide Join Date: Dec 2005 Location: Perpetual Chaos Posts: 30,852	lucky fuckers..... __________________ The most difficult thing is the decision to act, the rest is merely tenacity Amelia Earhart

05-11-2011, 07:11 AM	#92
Trilby Slattern of the Swail Join Date: Jul 2004 Posts: 15,654	I filled up yesterday. 4.09/gal. Cost me 57.00 American. That's a record for me. __________________ In Barrie's play and novel, the roles of fairies are brief: they are allies to the Lost Boys, the source of fairy dust and ...They are portrayed as dangerous, whimsical and extremely clever but quite hedonistic. "Shall I give you a kiss?" Peter asked and, jerking an acorn button off his coat, solemnly presented it to her. —James Barrie Wimminfolk they be tricksy. - ZenGum

05-11-2011, 07:15 PM	#93
SamIam Registered User Join Date: Jun 2007 Location: Not here Posts: 2,655	$3.85 here this afternoon. Last edited by SamIam; 05-11-2011 at 08:24 PM. Reason: inaccuracy

05-11-2011, 07:40 PM	#94
plthijinx Master Dwellar Join Date: Aug 2003 Posts: 4,197	paid $3.71 near my townhome but saw it on I-45 at a chevron for $3.99 in the same day. __________________ For your dreams to come true, you must first have a dream.

05-11-2011, 10:00 PM	#95
TheMercenary “Hypocrisy: prejudice with a halo” Join Date: Mar 2007 Location: Savannah, Georgia Posts: 21,393	We just hit $4. or there abouts. __________________ Anyone but the this most fuked up President in History in 2012!

05-11-2011, 10:04 PM	#96
TheMercenary “Hypocrisy: prejudice with a halo” Join Date: Mar 2007 Location: Savannah, Georgia Posts: 21,393	Anyone who thinks that the petrol companies are getting subsidies is a god damm fool. They are the same tax breaks all the other big companies get. __________________ Anyone but the this most fuked up President in History in 2012!

05-12-2011, 08:11 AM	#97
Fair&Balanced Operations Operative Join Date: Feb 2011 Posts: 495	Subsidies are primarily in the form of royalty relief for off shore drilling (and some drilling on federal lands). Until the 1990s, oil companies payed a royalty fee to drill in these areas and the fees generated at least $100 billion in revenue to the goverment over the years. In the 90s, a policy was adopted to waive the royalty fees as an incentive to enourage drillng when the price of a barrel of oil was around $20. The waiver was tied to the price of oil so that if it rose signicantly, the waiver would no longer be available. In the 2005 Energy Bill, the waiver of the royalty fees was extended but no longer tied to the price of oil, so that energy companies are still getting the waiver. It was never the intent to continue to waiver when a barrel of oil was at the current high price. Yes, it is a subsidy.

05-12-2011, 08:14 AM	#98
infinite monkey Person who doesn't update the user title Join Date: Mar 2011 Posts: 13,002	http://www.cnn.com/2011/POLITICS/05/....html?hpt=Sbin

05-12-2011, 09:35 AM	#100
HungLikeJesus Only looks like a disaster tourist Join Date: Feb 2007 Location: above 7,000 feet Posts: 7,208	Well, if the oil companies aren't getting subsidies, I guess they don't have to worry about having them taken away. __________________ Keep Your Bodies Off My Lawn SteveDallas's Random Thread Picker.

05-12-2011, 12:04 PM	#103
infinite monkey Person who doesn't update the user title Join Date: Mar 2011 Posts: 13,002	I read the article. I was referring to the assertion that the oil companies don't get subsidies, for us god damm fools. Last edited by infinite monkey; 05-12-2011 at 12:04 PM. Reason: misspelled damn

05-12-2011, 12:40 PM	#105
infinite monkey Person who doesn't update the user title Join Date: Mar 2011 Posts: 13,002

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)