gas2.org — With gasoline prices topping $4 a gallon, Senate Democrats wanted the U.S. government to throttle back on the billions of dollars in profits being taken in by the major oil companies. But with the White House threatening a veto of the bill, the Senate voted 51-43 to close debate, well shy of the 60 votes needed to avoid a filibuster.
Jun 10, 2008 View in Crawl 4
deviantdragonJun 11, 2008
If the oil companies get taxed more...wait for it...they'll maintain the same level of profits by passing the cost onto the consumers in the form of even higher gas prices.
laughalot430Jun 11, 2008
The government makes more money per gallon than the oil companies. The governments is just looking for someone to blame for the economy. They did the same thing in the 1800’s. they blamed the railroads and tried to put caps on how much profit they could make. Which totally goes against our basic economic principles. If they want gas to get lower the should put less restrictions on the gas companies and reduce the taxes they put on gas
hmartincalleJun 11, 2008
Wait a minute! Isn't President Bush a Republican? Isn't he an oil man? Isn't there a conflict of interest here? How much has the Bush family profited from the $4 a gallon boondoggle? As President, are not his family's records a matter of public record? At a time that President Bush has fabricated and presides over the worst Depression since the Great Depression why is he as leader so strangely quiet? If he ignores it will it go away? You can't lay this off on previous administrations or on the fact that the US has not focused on internal oil development. Speculation is powered by confidence or lack of confidence in global leaders and their policies. Come on George, just tell your friends to cut the BS and get us back down to $2 a gallon. This has paid for more than enough of your family's future wealth and Middle East construction projects at your citizen's expense.
Closed AccountJun 12, 2008
Yeah how dare we talk about any of this someone might get the impression we live in a democracy or something and not just an "investor" controlled plutocracy.
pitlordJun 13, 2008
Thank G-d, saved by the rules!>.>
browndsJun 13, 2008
It was a analogy bro. But i guess that went over your head huh?
astrogirl59Jun 22, 2008
A couple of points to consider... Imposing additional U.S. taxes on oil companies' world-wide profits is not something we should do. Gasoline is only a small part of what oil companies produce with plastics and other petroleum by-products being more lucrative products. Shell Oil is not an American-based petroleum company, nor is BP. If you tax the stuffing out of ExxonMobil, they'll just move the whole company to the middle east or some other place that offers them a better deal. And if we're hurting now, just wait until the U.S. loses that tax revenue, all those jobs, and major cities feel the recession when ExxonMobil offices are pulled out. Living in Houston, I'm just waiting for Obama to win, ExxonMobil to pull out, NASA funding to get slashed, and to see the 4th largest city in the U.S. get reduced to a ghost town. The only thing left would be for a Category 4+ Hurricane to hit here and finish us off. But oh, then we could all head over to New Orleans and "lean" on their good will for a three or four years. This is serious stuff we're talking about here. What we need is open discussion about the issues, ALL the possible solutions from both sides of the aisles, and a forum where we discuss every "what if" scenario for the future imaginable and make an educated and informed risk assessment. I like the idea of "change" as much as the next person, but give me the reality to go along with a slice of the pie in the sky being fed to me. Candidates need to show that they understand the issues, have talked with experts IN THE FIELD of the topics they are addressing, and make the right decisions for all of America... not just the democrats or republicans. That's the person I'll vote for!