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Old 03-06-2008 | 09:08 AM
  #193  
waflyboy
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Joined: Oct 2005
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From: 737 Right
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Originally Posted by Lighteningspeed
To get the oil companies' attention, we are going to need a President who's got the balls to regulate and tax them at the rate they have been screwing us.
There have been a number of posts suggesting heavy taxation of oil companies. I seems to me that such action may result in an increase of oil prices.

As taxes increase, the profit incentive decreases. As the percentage of revenue ending up in producer's pockets decreases, so does the profit incentive. Production then begins to decline as investors seek to deploy their capital more effectively. Supplies tighten further without a change in demand and..... you can guess the rest.

What do you think?
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