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Big Oil before congress: If you take away our 18bn tax breaks, gas prices will go up.

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posted on Apr, 2 2008 @ 09:26 AM
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reply to post by Christian Voice
 


Maybe you should check what an average salary for a doctor is:
Doctor Average Salary
And here:
Average Salary

Now consider that many doctors are paying up to 250K a year in liability insurance…

Reply button seems to be broken

[edit on 4/2/2008 by defcon5]




posted on Apr, 2 2008 @ 09:32 AM
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reply to post by defcon5
 


I find it really hard to believe that a doctor has to pay a quarter of a million dollars out of his own pocket for insurance, and that he doesn't get that back somehow. Doctors are no different than the oil tycoons.



posted on Apr, 2 2008 @ 09:36 AM
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Originally posted by Christian Voice
They are getting stinking rich because they are raping us at the pumps.

How are they doing that when they only make like 8 cents per gallon. The problem is OPEC and government taxes both federal and state.



posted on Apr, 2 2008 @ 09:41 AM
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reply to post by WhatTheory
 


I'm not talking about the individual gas stations. I'm talking about the big wigs in power at the petroleum companies. The problem is not taxes or OPEC. If that was the case then oil companies would not be reporting record profits would they.



posted on Apr, 2 2008 @ 09:42 AM
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reply to post by Christian Voice
 


What are you talking about. Doctors need money. You spend 7 years in post-secondary, rack up those student loans, put in that time and effort, work the long hours, deal with the sick and dying of society, and then hardly make more than if you had gone into the trades straight out of high school. Of course your going to take what you can get. And your comparing this to guys who suck oil out of the ground, and keep artificially high prices, and then raise the prices anytime a "scare" comes, then never lower the price again. How could you make such a comparison. Doctors are one of the noblest pursuits. They are one of the lowest paid PhD, you don't go into being a doctor, especially a family doctor, or an ER doctor, for the money. Going into the oil business, yeah you go into that to help people, nothing to do with money there.



posted on Apr, 2 2008 @ 09:45 AM
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reply to post by Christian Voice
 


Exactly the point, the only way for a physician to stay in business is to have the business cover its expenses by charging the maximum insurance allowed amount for procedures, and supplies from the paying customers. So they next time you hear about someone suing a doctor or hospital on trumped up charges, remember that they have to pass the savings on to you with a $2.00 aspirin…

BTW the insurance companies regulate how much can be charged for each item, and service, but you should know that since you worked in the industry.

Something is definitely wrong with the reply button.


[edit on 4/2/2008 by defcon5]



posted on Apr, 2 2008 @ 09:46 AM
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Originally posted by defcon5
reply to post by Christian Voice
 


If you truly worked in the healthcare industry then you should understand that the hospitals are not posting record profits. The reason that they have to charge so much for supplies is that they have to cover the cost of the bazillion people who have no insurance and use the ER as a free walk-in clinic (which is also why everyone has to wait 6 to 12 hours to be seen in an ER unless its life threatening). They also have to cover excessive liability costs due to all the ambulance chasing attorneys that run the costs up.


First off, the whole "malpractice suits drive up prices" thing has been thoroughly debunked, in fact malpractice insurers admit it's a red herring.

Second, people don't have insurance because they can't afford it. I don't have insurance, because my company hires 90% part-timers. I work more than 40hrs/week but I get no insurance, and I can't afford it out-of-pocket. My fiancee has insurance at a cost of $100/month through her job but to insure me as well, it would cost her another $400/month on top of that!! Thank God we have no kids and don't want any. The cost of healthcare is completely out of control in this country.

Frankly, and I can hear the conservatives wailing already, the only solution to this nation's problems is to move further left.

America is the only Western industrialized nation without a national health-care system. Health care should not be for profit--it's time we recognized it as a human right, and treated it as such. Unfortunately the only candidate for President who had such a plan, Dennis Kucinich, dropped out. Imagine how much easier your life could be, if we had a single-payer healthcare system, and you never had to worry about it! You, your family, your grandma, everyone. Wouldn't that be a load off your mind?

We're also the only industrialized nation that doesn't have a comprehensive higher education system. Most countries in Europe have free education through the Doctorate level for anyone who can qualify for college. The US is the only one who makes a person take out tens of thousands, or even hundreds of thousands of dollars in debt to get an education. It's a racket, and it's a big part of why only 20% of Americans have a Bachelor's Degree or higher education.

And as for the oil executives, or any executive for that matter, we need to go back to when people who made over $3 million/year were taxed at 80-90% on anything over that $3 million. Yeah, b!tch all you want, conservatives, but the fact is the middle class was at its strongest when business was reined in, the rich had to pay their fair share, and communities pulled together. That's when people could afford a house and two cars on a gas jockey's salary. Conservative philosophy is all about separating people so they can be controlled, and so the rich can become increasingly richer without actually working for it. Liberal, progressive philosophy is about bringing people together and moving society forward. It's a damn shame so many people have been duped to believe progress=domination.



posted on Apr, 2 2008 @ 09:48 AM
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Would SOMEBODY PLEASE explain to me, if the oil companies are not behing this ungodly spike in gas prices, then WHO THE HECK IS?!?

Every time one of these threads pops up, I see half a dozen folks rushing to the defense of the oil companies saying "they're not making bigger profits, they're not making bigger profits!"

If they're not, then who the hell is? You can't tell me that the cost of producing oil has doubled or tripled in the last few years to double or triple the price---That's total hogwash.

SOMEONE is gouging us here...Would SOMEBODY explain to me in SIMPLE TERMS >WHO< is making the killing and screwing us, because I know that the outragious ramp in costs is lining certain individuals pockets.

Explain it to me in simpletons terms. lol

(edit to add): I know the nose-diving dollar is currently contributing, but this has been going on for several years, well before that was part of the picture...

[edit on 2-4-2008 by DimensionalDetective]



posted on Apr, 2 2008 @ 09:50 AM
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Originally posted by Christian Voice
I'm not talking about the individual gas stations.

Neither am I. The oil compaines only make 8 cents per gallon. They have the huge profits because of the volume and not because of their markup.


The problem is not taxes or OPEC. If that was the case then oil companies would not be reporting record profits would they.

The problem is taxes and OPEC because of the reason stated above. They have the huge profits because of the volume of sales and not the markup. Again, the big oil companies only make about 8 cents per gallon.



posted on Apr, 2 2008 @ 09:53 AM
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Originally posted by DimensionalDetective
Would SOMEBODY PLEASE explain to me, if the oil companies are not behing this ungodly spike in gas prices, then WHO THE HECK IS?!?

Tell me how the oil companies are behind the spike in gas prices when they only make 8 cents per gallon. You need to complain to OPEC for the high oil prices and your federal & state governments for the excessive taxes put on gas.


Every time one of these threads pops up, I see half a dozen folks rushing to the defense of the oil companies saying "they're not making bigger profits, they're not making bigger profits!"

Who is saying they are not making huge profits. Of course they are but its because of the volume of sales. Again, they only profit 8 cents per gallon sold.



posted on Apr, 2 2008 @ 09:55 AM
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reply to post by DimensionalDetective
 

If I am reading what they are claiming correctly they have kept our prices compared to our use in the US artificially low over the years. Now for some reason they are stabilizing our cost to equal it up more with what the rest of the world has been paying for gas. Of course, that is just my read on what they stated about their profits compared to US usage, I am admittedly not a financial expert of any type.

[edit on 4/2/2008 by defcon5]



posted on Apr, 2 2008 @ 09:56 AM
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whattheory: if they're only making 8 cents per gallon then how did they ever get by 5 years ago when gas was 2 dollars cheaper? i'd like to see a source for that argument. i agree that the high prices are caused by "scares" that cause them to "offset cost" and they don't bother to bring prices back down when the situation has blown over. i think everyone will agree that the major spike started with Katrina. we had some refineries that were damaged and prices shot from something like 2.25 to 3.15 in one day. i remember being baffled. last i heard we were pretty much back to normal, but every once in a while you'll hear about "this area is having conflicts that are disrupting production" or "we MIGHT have a bad hurricane season". inflate on speculation of bad times and don't deflate when nothing happens. that's the process that has been going on lately.



posted on Apr, 2 2008 @ 09:59 AM
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Tax 'em even more, and begin building alternative energy sources.

Put them in a corner. Make their profits drop. Then we'll see who's got who by the balls.



posted on Apr, 2 2008 @ 10:03 AM
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reply to post by WhatTheory
 



Okay, but that still doesn't answer my question...WHO is making the killing here?!? And don't tell me nobody, because I know that "taxes" haven't risen 200% on fuel over the past 5-7 years.

This is exactly what I was getting at in my OP, people claim the oil companies aren't raping us, but SOMEBODY IS...Who is that SOMEBODY?



posted on Apr, 2 2008 @ 10:04 AM
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Originally posted by The Nighthawk
First off, the whole "malpractice suits drive up prices" thing has been thoroughly debunked, in fact malpractice insurers admit it's a red herring.


Funny I have never heard that before, I have known physicians that are paying close to 250K a year, especially high sue risk specialists such as pediatrician’s. There was talk a few years back that the doctors in my area were going to band together and refuse all service (beyond required emergency stabilization) to any attorney or their families, as high lawsuit risks. It must have been more real of a situation then a “red herring” considering that.



posted on Apr, 2 2008 @ 10:05 AM
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Originally posted by an0maly33
whattheory: if they're only making 8 cents per gallon then how did they ever get by 5 years ago when gas was 2 dollars cheaper?

What do you mean? Even when the price of gas at the pump was 2 dollars less, they were still making about the same profit margin. One has nothing to do with the other. In case you don't remember, years ago, 'big oil' was not making huge profits and were actually struggling to make a profit. In fact, there were lots of years when they did not make a profit.

When gas was much cheaper at the pump it was because of the price of oil at the barrel level. Tell me how big oil controls the price of oil from the middle east?



posted on Apr, 2 2008 @ 10:08 AM
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Originally posted by DimensionalDetective
Okay, but that still doesn't answer my question...WHO is making the killing here?!?

It seems pretty obvious. Its the leaders of the countries who are controlling the price of oil. I mean, just look at this guy's pet project.

CLick here for Pet Project



posted on Apr, 2 2008 @ 10:09 AM
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reply to post by DimensionalDetective
 


Again not being a expert on anything financial, my guess is that up to now they have been making the majority of their profit off other countries. Something has caused this to reverse, maybe low dollar value, maybe increased market in other countries. What it is I cannot say, but if they are telling the truth that we used the most oil and they received the least profit from us up to now, someone else has been paying them the difference. What is not fair about it is that they sprung this on us when we do not have a built up mass transit system like many other countries have.



posted on Apr, 2 2008 @ 10:18 AM
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they are crying about 18 billion in tax breaks. they make me sick i worked 8 hours overtime last week should have made 700 dollars tax man took 300 dollars and left me 400. they are crying over 18 billion when they made 123 billion. i believe if our founding fathers were alive there would be a new revolution brewing.



posted on Apr, 2 2008 @ 10:19 AM
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reply to post by Karlhungis
 


You're looking at gross profit figures though. What is their net profit per gallon of gas? It's about 8.3 cents per dollar. Looking at it in that perspective paints a different picture.




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