reply to post by semperfortis
well, i do agree with you in the sense of "passing the buck" to the consumer. But i think there is a limit to which that buck gets passed, until
the consumer will simply look somewhere else, forcing the business to lower its prices.
I know this windfall profits tax is aimed at Oil companies.
But i ask you to think of it this way:
They made record profits - billions - i dont remmeber the exact number, not really interested right now
But - their profits were not
in line with other businesses as they claim.
They claim they invest in new technologies. Can they give me one example in which gasoline has changed in the last 40 years. If they've been
investing for 40 years, why has no new technology sprun forward for petrol?
Regardless of tax - if the oil companies raise their prices to a level that americans refuse to pay (4 dollars or higher) then there will be a huge
demand for alternate means of powering their cars.
Eventually that new way will spring up - and the oil companies will be completely out of luck, instead of just "slightly" out of luck due to
They benefit to stay here, regardless of the taxes, because of the over-all consumption of oil products by americans. For anyone to say that the oil
companies would pack up and go - IMO - would be a silly assumption.
Oil has increased in price by 166% in 8 years. I can not find one single other product that can boast such an increase, and can attribute the rise to
nothing other than price gouging.....though im open to new possiblities....i jsut cant find any.
So, i apologize, but i dont have a understanding for oil companies making record profits, while im paying record prices at the pump, for the same
exact gasoline i had in my car ten years ago.
edit: on a side note --- i do believe we should be drilling here at home, and tell foriegn oil where to shove it
[edit on 21-6-2008 by Andrew E. Wiggin]