With Record Profits Why Are We Still Giving Subsidies To Oil Companies?

"With Record Profits Why Are We Still Giving Subsidies To Oil Companies?"

Because they NEED it! Do you know the cost of flying to Dubai on a BBJ these days? Or St Tropez? Don't worry, Obama will soon put an end to that and socialize the rigs! Yipeee

(sarcasm added, heavily)

"...To his great discredit, President Obama immediately reversed himself and caved in to their demands for drilling in Alaska and off the coast of Virginia."

Say it ain't so, Obie! And they all thought you were anti-capitalism!! Oh, nooooo!!

Because then they will just raise the costs to maintain profits.

"With Record Profits Why Are We Still Giving Subsidies To Oil Companies?"

- Because the Republicans keep voting to keep them active. They're just looking out for the hand that feeds them.

I am surprised that you are getting downvoted for this comment. On top of that there is no response to it.

They don't have a response because they know it's true. Rather than acknowledge a fact they de-boost. What a bunch of losers.

Who runs the CIA and the Military? The White House does. And who is in charge of the White House? The President is in charge of the White House. And who is the president? Obama.

Why are people trying to separate Obama from catching OBL? Is it because catching OBL was a good thing? And god-forbid that Obama did a good thing. What's a good right winger to do then? Discredit Obama in regards to catching OBL. You guys are beyond pathetic. Enjoy 2012…

nonofyobus,

Please tell me that you knew that the Military is run by the White House? The CIA also falls under white house jurisdiction. Please prove me wrong or shut up. I'm getting tired of making you look dumb.

On top of that. You posted your reply this in the wrong area. LOL!!

Do you care to respond to what I said in this thread?

This right here:
""With Record Profits Why Are We Still Giving Subsidies To Oil Companies?"

- Because the Republicans keep voting to keep them active. They're just looking out for the hand that feeds them.""

Or are you going to de-boost like the rest of the losers here and blame obama for everything?

"LOL, have you seen the Video of Obammy trying to pronounce Navy Corpsman? "

- Did you see the video of Bush dressed up in that flight outfit? LOL!!


"Sure, Obammy can perfectly pronounce anything Islamic, but not knowing what the word Corpsman is..."

- Why are you brining up Islam? Hmmmmm... I can see you clearly now.


"What a dunce."

- This coming from a person who didn't know that the Military is run by the White-House. Calling a Harvard Professor a dunce sounds even more stupid. What are you accreditations?


"Obama has never done anything of significance in his life"

- Becoming the President of the United States of America isn't significant? Graduating Harvard? You need to get out more dude.

I know you think big oil seeing record profits is so bad but lets break it down. exxon mobile made 14 billion in their last quarter with their vast investments and production. Now i am talking in the US after every person is paid oil is drilled for found extracted refined to make your gas do you know what their profit is per gallon? YES 2 CENTS PER GALLON. Thats right look it up 2 WHOLE DAMN CENTS PER GALLON now i live in ny do you know what they make on gas per gallon. THATS RIGHT 64 CENTS PER GALLON. all profit because when you do nothing to make the money and you just get money (tax) its all profit.l. So I ask you who is robbing you big oil or your state. FYI california makes 66 cents per gallon . look it up . by the way when companies make money (which is what they are to do only the us postal service exists to lose money) they return on investment is where you can make money . (example stock price going up , dividends etc)

I don't know where to start... 14 Billion that is billion in one quarter and pure profit for one company and you tell me they deserve a miserly 4 billion (a year all together) tax break for all 5 major Oil companies. And why do they need that money? You should have compared your profit with a per ounce profit rather than per gallon. that would have been more dramatic.
BTW Oil is bought and sold per barrel.

almost forgot odummy gave brasil all that money to drill and wants the US to be its biggest customer. i ask you why would he give tax payer money to brasil for them to make money when we can drill here. 2 billion to brasil so we can be their customer. Do you know why? cause petrobras is a brasilian company that is govt run and has a huge investment by Soros. so kill our jobs with the no drilling motoriums give our money to brazil so they make money and Soros makes more money in the rise of petrobras stock price

http://www.api.org/statistics/fueltaxes/upload/GASOLINE_TAX_MAP_MAY2011.pdf thats the link of total tax per gallon of gas per state (fed is 18.4 cents or something like that) finally because this gets my blood boiling the oil companies get to write off research and development drilling costs etc just like any other business in this country. they are here to make money not to do things for free thats what businesses do. I dont here anybody complaining that ACORN got 3 billion in stim money from odummy and they do nothing but these oil companies do nothing but research find drill refine produce a product that we all use every single day. not to mention they produce besides oil millions of jobs billions of dollars back into the economy and creates wealth for other people everyday. Is microsoft or apple wrong cause they make money? do they give back their tax breaks? I have an idea lets all work for free

lastly my numbers were off cause i wrote my post before i look but i was only off by a few cents in ny. This is all brought up to keep your attention off the real problem. We are talking 4 billion. 4 billion to companies that produce a product that has to be used, that produce very important jobs, and stimulates the economy. This admin has run up this year only 1.4 trillion dollar debt, last year fannie and freddy were given over 100 billion in tax payer money last year and counting and dont forget the loss on gm and chrysler that we will take. only politicians can you waste hard working peoples money run record deficits and try to spin it that the problem is elsewhere

Here is your fundamental problem. This is a capitalist country. If you cannot succeed, you will fall and someone else will rise and do the thing you could not do. So why give these huge sum of money to the big corporates? Let them fall. Let other companies rise and do what they big companies cannot do. Why give the Big Oil companies tax breaks. How much tax break do you get when you file your taxes?

sorry about the they typos i got all excited. should have proof read

Some people here are freaking stupid. They act like this is the first time in history that fuel prices got high. Anything to blame Obama. I guess Obama was also responsible for OPEC in the 1970's?

And markanthony0419, Get you head out of your rear-end. You be thanking Obama for catching Bin-Laden. The only thing Obama can do to make some people here happy is turn himself into a white man.

Oh yeah... Good Luck getting the White House in 2012. Get ready for another 5 years of Obama. :)

I meant "you should be thanking Obama for catching Bin-Laden." Long day.

Not Obama personally but his administration. Disagree? Or was he caught under a different administration?

Who runs the CIA and the Military? The White House does you Moron. And who was in the White House when he got caught? Bush?

No. It's called "FACTS BASED DISCUSSION". I'm no fan of Obama. But that doesn't mean that I have to make up crap like you guys to support it.

You didn't know that the CIA was run by the White House. ROTFLMFAO!!!!!

ah the race card lex sux. typical lib. no odummy wasnt in the white house then it was dopy carter. same principles as odummy and i do thank obama for waiting months to finally say go get him and sleeping on it to make sure it was alright to do it but he finally made a good decision. so lets get this straight though he wanted to close gitmo ( still open) bring home the troops (still there) he killed an unarmed man ( not that i care) and got the info from enhanced interrogation techniques (water boarding) which you are so against. so i say thank you odummy for not changing any of the foreign policy that was there before you got there.

markanthony0419,

I stopped reading your crap once I got to "odummy". Not sure why you have to call him names? Whatever makes you happy I guess. It's obvious that no matter what Obama does, you will try to discredit it. You call him Odummy, but have you graduated from Harvard? Get a clue.

Oh yeah... Get ready for 2012 because he will be re-elected.

almost forgot odummy is half white what will you say when herman cain or alen west get in they arent black enough?

We are continuing to give tax break to gas companies so that the gas price in the US remains cheaper than what the rest of the world pays so that we can drive SUVs, V8-engined cars, and X6s to shopping centres that are 8 miles from our house so that we can buy more clothes and more TVs and more electronic goodies that are already (gasp) 3 years old.

And because we want to do all of the things I just described above, we'll vote only those politicians that allow us to do those things with cheap gas, and vote out of office those that do not give us our cheap gas. That's the democratic way, you give us our cheap gas, we give you our vote.

monster oil has to be refined to make gas thats why i was using a per gallon price. it costs money to refine those barrels of oil to make gas. it costs money to find drill pay for the employees and bring countries oil. bottom line actual profit for exxon mobile is 2 cents per gallon. not exxons fault people buy lots of gallons. so if exxon made 2 cents per gallon per gas think of how much the govt made with a nation average of about 48 cents per gallon. so who are the crooks?

second monster when you file your taxes and you have a business you have write offs. you can write off expenses. if you take a client out to dinner thats an expense you can write off. research and development is an expense. these tax laws have been in effect for 100 plus years. so why can mom and pop write that off and oil cant? cause oil companies make so much? whats good for 1 company is good for another ( doesnt mean its right by the way.) my whole point of all my posts is not if oil is successful or how much money they make my point is how come your not complaining about all the govt is making off oil without (as govt always does) doing anything. as a great man once said (RONALD REAGAN) govt isnt the solution to problems GOVT IS THE PROBLEM. 14 billion is a lot of money but how much did the govt TAKE IN in that time for doing NOTHING that is my point

You realize that if RONALD REAGAN were alive today he'd get kicked out of the Republican Party?

Agent009 and jgoods appear to be economic illiterates. They don't seem to understand that additional costs imposed on the oil companies will be paid for by the customers of those oil companies. That's us - we are the folks who pay those taxes. THE OIL COMPANIES GET THEIR FUNDS FROM US! They also seem to think that profits of 6% of sales are obscene when many other industries make more and some make twice as much - I don't think so. More anti-capitalism nonsense.

Capitalism doesn't involve subsidies. Socialism does.

Oil companies run the world and no one can do anything about that. What ever they say it will be done. So, the capitalism world needs a revolution too, something by the people just like what's happening in the middle east. I like capitalism, I think it's better than any other system the man kind has offered, but it has its problems too and for those problems people need to tackle them and not their puppet politicians!!!