Dems wuss out yet again..

[Rigs11]

I've had it with these yahoos. Pelosi should be ashamed.Obama should be as well.

Democrats to offer bill with offshore oil drilling

By Tom Doggett

WASHINGTON (Reuters) - House Speaker Nancy Pelosi said on Saturday when the U.S. Congress returns next month from its summer recess, Democrats will offer legislation that could give oil companies drilling access to more offshore areas.

By moving to open additional federal waters to energy exploration, Democrats could narrow the differences they have with Republicans on tackling America's energy problems, a concern that ranks high with voters heading into the November presidential and congressional elections.

Democratic presidential candidate Barack Obama has changed his position and said he would be willing to consider new offshore drilling if it allowed comprehensive energy legislation to pass. His Republican challenger, John McCain, also switched his position and has called for opening most U.S. waters to drilling if the affected states agree.

In the Democrats' weekly radio address, Pelosi of California said expanding drilling areas would be part of a broader bill which addresses other energy issues.

"It will consider opening portions of the (offshore) Outer Continental Shelf for drilling, with appropriate safeguards, and without taxpayer subsidies to Big Oil," she said.

Pelosi said the legislation would require oil companies to pay billions of dollars in drilling royalties, which would be invested in clean energy resources.

Democrats also want to release supplies from the U.S. emergency oil stockpile to help lower gasoline prices, increase drilling in an Alaskan oil reserve that is already open to exploration and require utilities to generate a portion of their electricity from renewable sources like solar and wind energy.

In addition, Pelosi said, the legislation would seek to rein in excessive energy market speculation that many U.S. lawmakers blame for running up crude oil and gasoline prices. Continued...

[TheDave]

how is this a bad thing?

[Bronco Jamus]

It's the right thing to do. We need to get this going ASAP. Both sides will really have to work together on this. The only thing dumb about it is releasing reserves from the SPR.

[Crushaholic]

Pelosi said the legislation would require oil companies to pay billions of dollars in drilling royalties, which would be invested in clean energy resources.


Yep. That sounds like a liberal proposal. Let's grab more money from "Big Oil" and (supposedly) invest it for them. If government is grabbing the money, I don't trust them...

BTW, I said liberal, not Democrat, for the sake of McCain maintaining his phony facade of being a Republican...

[RaiderH8r]

Yep. That sounds like a liberal proposal. Let's grab more money from "Big Oil" and (supposedly) invest it for them. If government is grabbing the money, I don't trust them...

BTW, I said liberal, not Democrat, for the sake of McCain maintaining his phony facade of being a Republican...

Yeah...companies already pay out the nose in royalties so there's nothing new there.

The Abercrombie/Peterson bill (6709) is a good bill that I think Pelosi will try to f up so that it doesn't see the light of day. Ultimately that bill spends well over a billion bones on energy R&D.

[Spider]

this is a good thing , actually I am on board with more nuke power

[peacepipe]

I've had it with these yahoos. Pelosi should be ashamed.Obama should be as well.

Democrats to offer bill with offshore oil drilling

By Tom Doggett

WASHINGTON (Reuters) - House Speaker Nancy Pelosi said on Saturday when the U.S. Congress returns next month from its summer recess, Democrats will offer legislation that could give oil companies drilling access to more offshore areas.

By moving to open additional federal waters to energy exploration, Democrats could narrow the differences they have with Republicans on tackling America's energy problems, a concern that ranks high with voters heading into the November presidential and congressional elections.

Democratic presidential candidate Barack Obama has changed his position and said he would be willing to consider new offshore drilling if it allowed comprehensive energy legislation to pass. His Republican challenger, John McCain, also switched his position and has called for opening most U.S. waters to drilling if the affected states agree.

In the Democrats' weekly radio address, Pelosi of California said expanding drilling areas would be part of a broader bill which addresses other energy issues.

"It will consider opening portions of the (offshore) Outer Continental Shelf for drilling, with appropriate safeguards, and without taxpayer subsidies to Big Oil," she said.
Pelosi said the legislation would require oil companies to pay billions of dollars in drilling royalties, which would be invested in clean energy resources.

Democrats also want to release supplies from the U.S. emergency oil stockpile to help lower gasoline prices, increase drilling in an Alaskan oil reserve that is already open to exploration and require utilities to generate a portion of their electricity from renewable sources like solar and wind energy.

In addition, Pelosi said, the legislation would seek to rein in excessive energy market speculation that many U.S. lawmakers blame for running up crude oil and gasoline prices. Continued...In other words " we'll let you drill but you won't get any tax breaks"

[peacepipe]

Yep. That sounds like a liberal proposal. Let's grab more money from "Big Oil" and (supposedly) invest it for them. If government is grabbing the money, I don't trust them...
BTW, I said liberal, not Democrat, for the sake of McCain maintaining his phony facade of being a Republican...
No, the US government has something oil companies want, The US can charge what they want,if oil comp. don't like the strings that are attached than they don't have to accept. Oil co. have plenty of land to drill on.

[L.A. BRONCOS FAN]

Yeah...companies already pay out the nose in royalties so there's nothing new there.


Boo hoo! :Whaaaa!:

Poor starving oil companies - I hope they can find some way to make ends meet. ::)

[kappys]

Yep. That sounds like a liberal proposal. Let's grab more money from "Big Oil" and (supposedly) invest it for them. If government is grabbing the money, I don't trust them...

BTW, I said liberal, not Democrat, for the sake of McCain maintaining his phony facade of being a Republican...

So how do you propose to develop clean technologies?

This is a point of constant fascination for me. Virtually every technology we use on a routine basis was developed and funded by the government, not private industry. There are barely a handful of innovative technologies derived solely on the basis of corporate research. Why does clean energy have to be one?

[Garcia Bronco]

Boo hoo! :Whaaaa!:

Poor starving oil companies - I hope they can find some way to make ends meet. ::)

There has to be balance between the two, otherwise the government might as well take over all oil production in the US. The oil compaines pay billions each year in taxes and fees.

[RaiderH8r]

Boo hoo! :Whaaaa!:

Poor starving oil companies - I hope they can find some way to make ends meet. ::)

I didn't mean to imply that they shouldn't be. I think the royalty payments etc. to state and federal treasuries are a tremendous way to improve the government's fiscal situation without putting further burden on those that can ill afford to bear it. Moreover, these will present opportunities for folks to get into a field of work that pays well despite any college education. Resource industry work is about the only field left in America where a high school graduate can jump in and make enough to buy a house, save for retirement, and send their kids to college.

[Spider]

There has to be balance between the two, otherwise the government might as well take over all oil production in the US. The oil compaines pay billions each year in taxes and fees.

LOL , maybe we should have a bake sale to help these oil companies out , but they dont pay billions in taxes ....Hilarious!

[Garcia Bronco]

LOL , maybe we should have a bake sale to help these oil companies out , but they dont pay billions in taxes ....Hilarious!

Dude. They paid over 500 billion in just corporate income tax from 77 to 04.

[Spider]

Dude. They paid over 500 billion in just corporate income tax from 77 to 04.

well then maybe you should give me a link how much they paid since 2000 , and if it qualifies , i will have donnie an Marie osmand do a benny concert for em

[Garcia Bronco]

well then maybe you should give me a link how much they paid since 2000 , and if it qualifies , i will have donnie an Marie osmand do a benny concert for em

You can do your own research. But Exxon alone paid 30 billion in taxes for 2007 and 28 billion for 06. I also think we could get a better group than that.

[Spider]

You can do your own research. But Exxon alone paid 30 billion in taxes for 2007 and 28 billion for 06. I also think we could get a better group than that.

No I would rather you post your link to this info , then I would like to see you post their profits , and roylties etc .... ..... and Donnie and Marie are rock solid , besides they believe the same bull**** you do , no way in hell could I get Bruce sprinstien to do a concert benny for oil companies

[Spider]

well GB , you start the bake sale drive ,I get donnie and marie on the phone , we will help these poor struggling oil companies .... it is the least we can do since they have bent over backwards helping us in a time of crisis ...........

[Garcia Bronco]

No I would rather you post your link to this info , then I would like to see you post their profits , and roylties etc .... ..... and Donnie and Marie are rock solid , besides they believe the same bull**** you do , no way in hell could I get Bruce sprinstien to do a concert benny for oil companies

If you are using IE 7 you can set google to be your default search provider. Some searches you might want to consider:

Oil company taxes
Oil company royalties
Oil companies pay taxes
Oil company profits
Oil compnay subsides

I looked at it, and they pay a bunch in taxes and royalties. They also get some return on subsides. But they still pay more taxes than most any other industry out there.

Like I said:

There needs to be balance, other wise the goverment should just sieze operations. Of course then we won't get the tax benefit, but prices would come down considerably. The next question would be will all other products and services follow suit. Would truck drivers take less money because they no longer have such high fuel costs?

[Spider]

If you are using IE 7 you can set google to be your default search provider. Some searches you might want to consider:

Oil company taxes
Oil company royalties
Oil companies pay taxes
Oil company profits
Oil compnay subsides

I looked at it, and they pay a bunch in taxes and royalties. They also get some return on subsides. But they still pay more taxes than most any other industry out there.

Like I said:

There needs to be balance, other wise the goverment should just sieze operations. Of course then we won't get the tax benefit, but prices would come down considerably. The next question would be will all other products and services follow suit. Would truck drivers take less money because they no longer have such high fuel costs?

provide link son .......... Like i said we should help these poor struggling oil companies ,Oh and it isnt truck drivers making more money , it is the trucking companies ,and te majority of them operate by volume only slapping on a 35% fuel sur charge to cover the high cost of fuel since 2000 ........But nice try

[Spider]

So GB since the oil companies are getting so mis treated , what can we do to help these poor guys ? it is obvious you didnt like my bake sale idea , so lets hear some of youres

[Garcia Bronco]

So GB since the oil companies are getting so mis treated , what can we do to help these poor guys ? it is obvious you didnt like my bake sale idea , so lets hear some of youres

A bake sale just isn't going to get the revenue. How about an arms sale?

[Garcia Bronco]

provide link son .......... Like i said we should help these poor struggling oil companies ,Oh and it isnt truck drivers making more money , it is the trucking companies ,and te majority of them operate by volume only slapping on a 35% fuel sur charge to cover the high cost of fuel since 2000 ........But nice try

Either way, if the governemnt siezed all fuel operations in the US it would end up meaning less money for everybody provided everybody dialed it back down. Are you ready to make the same margin, but less dollars if this were the case?

Again, there has to be balance. Get rid of the subsides, and lower the taxes on companies and slow governemnt spending. Or keep the taxes the same. But there is no reason to unfiarly raise taxes on a business that already pays a heap of it.

[Spider]

A bake sale just isn't going to get the revenue. How about an arms sale?

Ok I think we can get 50 .00 for your right arm .......... lets see if we have any takers ;D

[Spider]

Either way, if the governemnt siezed all fuel operations in the US it would end up meaning less money for everybody provided everybody dialed it back down. Are you ready to make the same margin, but less dollars if this were the case? I dont where you get this idea , we truckers are making all of this money ? I lost 1 truck under Bush , my Brother lost 2 , if you know where all of this money is coming from clue me in ....... Me and just about every other OO/IDA drivers could use it .Seriously

[Garcia Bronco]

Ok I think we can get 50 .00 for your right arm .......... lets see if we have any takers ;D

I'd go with 25.00 and start from ther

[Crushaholic]

So how do you propose to develop clean technologies?

This is a point of constant fascination for me. Virtually every technology we use on a routine basis was developed and funded by the government, not private industry. There are barely a handful of innovative technologies derived solely on the basis of corporate research. Why does clean energy have to be one?

I don't have a problem with government doing R&D on new energy sources. What I DO have a problem with is this insinuation that legal businesses in America have "too much money" and need to be punished. If the government says they want to earmark funds taken from oil companies, I need to see it to believe it. Chances are that the "Big Oil tax" will go into the general fund, where it will be wasted on other stuff.

[Spider]

I don't have a problem with government doing R&D on new energy sources. What I DO have a problem with is this insinuation that legal businesses in America have "too much money" and need to be punished. If the government says they want to earmark funds taken from oil companies, I need to see it to believe it. Chances are that the "Big Oil tax" will go into the general fund, where it will be wasted on other stuff.

LOL punished for being to successful... how about punished for ripping the People off .... hell even your own Bill O'Reilley concedes price gouging by big oil .......

[peacepipe]

Dude. They paid over 500 billion in just corporate income tax from 77 to 04.That is alot of money but I'm not concerned with how much but what % of taxes are being paid. If i'm dishing out 30% in taxes they need to pay 30%. 500 billion ain't sh!t if they are only paying 15-20% in taxes. Oil co. don't need tax breaks or subsidies.

[Garcia Bronco]

That is alot of money but I'm not concerned with how much but what % of taxes are being paid. If i'm dishing out 30% in taxes they need to pay 30%. 500 billion ain't sh!t if they are only paying 15-20% in taxes. Oil co. don't need tax breaks or subsidies.

Why does the government ever give subsides?

[peacepipe]

Why does the government ever give subsides? A subsidy is basicly a entitlement program. It's a governmernt hand out. exxon doesn't need a handout.

[Garcia Bronco]

A subsidy is basicly a entitlement program. It's a governmernt hand out. exxon doesn't need a handout.

Exxon doesn't, maybe. As stated though they paid 30 billion in taxes last year. But why would a government hand out a subside?

[peacepipe]

Exxon doesn't, maybe. As stated though they paid 30 billion in taxes last year. But why would a government hand out a subside?
what % is that? Is it 5% of what they made? 10,15,20%? BTW for more refineries that haven't been built & land they already have that they're not drilling on.

[Garcia Bronco]

what % is that? Is it 5% of what they made? 10,15,20%? BTW for more refineries that haven't been built & land they already have that they're not drilling on.

They made 40.6 billion in 07 and paid 30 billion in taxes. In fact another way to put it is Exxon paid more income tax in 07 than the bottom 50 percent of income tax payers in this nation in 04.


But back to my question, forget Exxon:

Why would a government handout a subside? There has to be a reason.

[Spider]

They made 40.6 billion in 07 and paid 30 billion in taxes. In fact another way to put it is Exxon paid more tax in 07 than the bottom 50 percent of people in this nation in 04.


But back to my question, forget Exxon:

Why would a government handout a subside? There has to be a reason.

I am calling :bs: on this ......... The oil companies got a 17 Billion dollar tax shelter just last year spread out over 10 years you are trying to tell us that exxon paid 90% ...... Once you take in all the Subsidies Exxon paid around 13 Billion

[Garcia Bronco]

I am calling :bs: on this ......... The oil companies got a 17 Billion dollar tax shelter just last year spread out over 10 years you are trying to tell us that exxon paid 90% ...... Once you take in all the Subsidies Exxon paid around 13 Billion

those numbers I listed would equal out to 75 percent, but we are only comparing income tax on income. Not subsides, royalties, not tax shelters or anything else. On their income Spider they paid 75 percent. These numbers come from the IRS.

Even at 13 billion, it's still close to 30 percent. I think a better way to put it is you and I and everyone else paid those taxes because businesses pass taxes on to the consumer.


But back to my question for Peacepipe:

Why would a government handout a subside?

[Spider]

those numbers I listed would equal out to 75 percent, but we are only comparing income tax on income. Not subsides, royalties, not tax shelters or anything else. On their income Spider they paid 75 percent. These numbers come from the IRS.

Even at 13 billion, it's still close to 30 percent. I think a better way to put it is you and I and everyone else paid those taxes because businesses pass taxes on to the consumer.




But see they didnt pay that. ...... I pay 24% right off the top , thats what I actually pay in .......

[Garcia Bronco]

But see they didnt pay that. ...... I pay 24% right off the top , thats what I actually pay in .......

They actually had to cut the check Spider.

[Spider]

They actually had to cut the check Spider.

Yeah they got most of it back though , over half .. set me up with a deal like that