capping gas profits

Taylor · by **Taylor** on 05/28/08, 3:28 pm

Too bad I'm not as smart, someday I will be though. But for my age, I am. I don't like the price of milk, but I'm not gonna go rob the grocery store.

paleocon · by **paleocon** on 05/28/08, 4:04 pm

Taylor wrote:Too bad I'm not as smart, someday I will be though. But for my age, I am. I don't like the price of milk, but I'm not gonna go rob the grocery store.

Ironically, government is largely responsible for the price of milk due to idiotic agricultural regulations and policies. If the government stopped meddling in agriculture and simply let the market determine the price of milk it too would probably be less expensive. Government does NOTHING WELL.

SoldiersMum · by **SoldiersMum** on 05/28/08, 10:03 pm

Quinn's Law: Liberalism always generates the opposite of its stated intent.

ray colvin · by **ray colvin** on 06/11/08, 4:04 pm

It's very interesting that the country is blaming the oil industry for the increase in the price of gas. The problem is supply and demand. Our demand outpaces the supply, and the Liberals in Washington and the Wacky Enviornmentalists turn a blind eye to solutions which are to drill off our coasts, build refineries, build Nuclear Powerplants and an infrastructure to supply the Nation.
    Wind will not power my car, solar power is too expensive, Bio fuels are taking the corn from my table and putting it in my gas tank!!!! A geotherma vehicle? In your dreams. What are the solutions given by Liberals? Don't drill. Don't build. Something may pop-up. When will it end? When gas hits 10.00 a gallon?
   We need VISIONARIES and BUSINESSMEN in Washigton , not Liberal lawyers.
   Capping gas prices by the Government will not be the only thing Government controls: Healthcare, Retirement, Food Production, the list goes on- until our Republic becomes a Socialist Society!!!!!

paleocon · by **paleocon** on 06/11/08, 9:49 pm

Rather than capping oil company profits why don't we try the following:

Cap the number of days congress can meet in a year
Cap the number of pages of regulations congress can issue in a session
Cap the number of bills and resolutions congress can make in a session
Cap the number of "hearings" congress can hold on "steroids in baseball"
Cap the number of terms people can serve in congress
Cap the amount of money congress can spend

Those all sound like much better "cap" ideas to me.

SoldiersMum · by **SoldiersMum** on 06/12/08, 12:09 am

paleocon wrote:Rather than capping oik company profits why don't we try the following:

Cap the number of days congress can meet in a year
Cap the number of pages of regulations congress can issue in a session
Cap the number of bills and resolutions congress can make in a session
Cap the number of "hearings" congress can hold on "steroids in baseball"
Cap the number of terms people can serve in congress
Cap the amount of money congress can spend

Those all sound like much better "cap" ideas to me.

...and how about "cut" ideas:

Cut the amount Congress can receive in retirement. Put them all on Social Security.
Cut the amount Congress can receive in healthcare. Let them buy their own.
Cut their free automobiles.
Cut out all the vacations.
Cut Nancy Pelosi's and Harry Reid's jets.
Cut any free lunches.
Cut all franking priviledges.
Cut all pork approved in the last 7+ years.
Cut all earmarks. Dollars budgeted must be done on a bill for the item vs adding to some other bill not related to the earmark.

Anyone else think of any?

Eyas · by **Eyas** on 06/12/08, 1:18 am

SoldiersMum wrote:

Anyone else think of any?

Yes. Unfortunately, if I named it, I might get a visit from some nice FBI folks.

Eyas · by **Eyas** on 06/12/08, 1:31 am

Seriously though, the Democrats are still at it.

As of TODAY (Wed., June 11)

From Michelle Malkin

Offshore drilling bill killed

GOP Rep. John Peterson’s latest bid to lift domestic offshore drilling restrictions, which I blogged earlier today here, was killed this afternoon by the House Appropriations Subcommittee on Interior and the Environment. It was a straight, party line vote.

Dems against:
Chair: Norman D. Dicks (WA)
James P. Moran (VA)
Maurice D. Hinchey (NY)
John W. Olver (MA)
Alan B. Mollohan (WV)
Tom Udall (NM)
Ben Chandler (KY)
Ed Pastor (AZ)
Dave Obey (WI), Ex Officio

Republicans for:
Ranking Member:
Todd Tiahrt (KS)
John E. Peterson (PA)
Jo Ann Emerson (MO)
Virgil H. Goode, Jr. (VA)
Ken Calvert (CA)
Jerry Lewis (CA), Ex Officio

The Republicans on the subcommittee vow to keep pressing the issue:
A 27-year-old federal moratorium has prevented offshore drilling in most coastal waters except parts of the Gulf of Mexico.

Virginia lawmakers have expressed interest in pursuing drilling, particularly for natural gas.
Peterson, who is retiring next year, said offshore drilling could provide enough oil to replace Middle East oil imports for 35 years. He said the plan would also yield an 18-year supply of natural gas.

“There is no valid reason for Congress to continue keeping Americans from the offshore resources they own,” Peterson said.

But Democrats, who control Congress, said offshore drilling would have no immediate effect on the price of gasoline and would do little to lower the world price of oil.

“We are kidding ourselves, as we routinely do in this town, if we think we can drill our way out of this problem,” said Rep. Dave Obey, D-Wis.

…”The American people are going to have a lot to say about this,” said Rep. Jerry Lewis, R-Calif., the ranking Republican on the full House Appropriations Committee.

Have your say. The Congressional switchboard number: 202-224-3121.

watcher · by **watcher** on 06/12/08, 1:51 am

‘Profit’ in the economical sense is what is left after the deduction of all costs to produce the product against what your earned by selling the product in the market place.
The more you produce the more your costs go up. As long as you continue to sell at the same pace you produce your dollar intake may be higher but your margin of profit remains the same.
There is a certain margin that needs to be maintained to be able to efficiently run any business while still providing the owners and investors with a reasonable return on their money.

In 2007 the average earnings for American owned oil companies was 8.3%.
Out of every dollar of a gallon of gasoline purchased at the pump in 2007 58% was spent on crude, 17% on refining that crude 10% on retailing and %15 on taxes.

So far this year 2008 1^st quarter figures are 7.5% earnings
Out of every dollar of a gallon of gasoline purchased at the pump 70% was spent on crude, 17% on refining and retailing and 13% on taxes.

The media is cherry picking the figures that they want you to hear. The best defense against mis-information is education.

Figures are based on information from the American Petroleum Institute
www.api.org

and Partnership for American’s Energy Security
at
www.partnershipforenergy.com

Eyas · by **Eyas** on 06/12/08, 9:39 am

I wouldn't care if the oil company profit margin was 90%. The profit is theirs. It is EARNED.

Some people were quite proud of Republicans for pointing out that capping profits didn't work when tried under the Carter Administration (I was astounded to learn that the American People ALLOWED this to be tried before).

I am even more disgusted by Republicans because NO ONE made the following argument:

For Congress to even consider taking ANY industry's profits is Unconstitutional, Un-American, and flat out Communism.

capping gas profits

Re: capping gas profits

Re: capping gas profits

Re: capping gas profits

Re: capping gas profits

Re: capping gas profits

Re: capping gas profits

Re: capping gas profits

Re: capping gas profits

Re: capping gas profits

Re: capping gas profits

Conservative Videos

Rush Limbaugh Graphics

Right Resources

Sites We Like