Oil Prices tumble - $105/barrel & dropping
05-05-2011, 09:21 PM
#21
Gets Weekends Off
Joined APC: Nov 2009
Posts: 5,193
Originally Posted by Biglewi1
How is my math skewed with the TOP 5 profit margin in the trillions? 10% being hardly? Really, care to explain?
BTW...I'm not asking for more taxes, just asking the question...Trillions of profit, is it really needed? I could understand 10 Million in profits...but Trillions, dang man, that's close to our national deficit. just saying.
BTW...I'm not asking for more taxes, just asking the question...Trillions of profit, is it really needed? I could understand 10 Million in profits...but Trillions, dang man, that's close to our national deficit. just saying.
Want to try and "tax" a corporation on their profits? Say, 10 cents per gallon of gasoline sold? Guess how far up gas will go at the pump.
05-06-2011, 12:59 AM
#22
China Visa Applicant
Joined APC: Oct 2006
Position: Midfield downwind
Posts: 1,919
Originally Posted by Biglewi1
Trillions of profit, is it really needed?
Nobody ever has to have a need (or justify a need) to make a profit based on a sale of a product or good.
05-06-2011, 03:51 AM
#23
On Reserve
Thread Starter
Joined APC: Jul 2008
Position: MSP7ERB
Posts: 1,886
It's "mass liquidation" by oil speculators:
Commodities continue plunge: 
Commodity Prices Plunge - WSJ.com
Oil futures are now trading at $95/barrel:
Crude's Slide Continues in Europe - WSJ.com
Commodity Prices Plunge - WSJ.com
Oil futures are now trading at $95/barrel:
Crude's Slide Continues in Europe - WSJ.com
05-06-2011, 05:43 AM
#24
Gets Weekends Off
Joined APC: Jan 2008
Position: 747
Posts: 731
Originally Posted by Grumble
Economics 101. Americans all want to drive Escalades and F-250's, demand is out of control, prices go up. Imagine if everyone that drove a Tahoe traded it in for a diesel Jetta wagon that gets 45mpg.
Want to try and "tax" a corporation on their profits? Say, 10 cents per gallon of gasoline sold? Guess how far up gas will go at the pump.
Want to try and "tax" a corporation on their profits? Say, 10 cents per gallon of gasoline sold? Guess how far up gas will go at the pump.
Last edited by Cubdriver; 05-06-2011 at 09:32 AM. Reason: TOS language standard
05-06-2011, 06:16 AM
#25
Gets Weekends Off
Joined APC: Nov 2009
Posts: 5,193
Originally Posted by olympic
hence the solution, let them hijack the american people .. let them do what they want, let them make AS much money as possible .. what a joke. Tax the mother****ers and I dare them to raise the gas at the pump .. I'll bet a good amount that they won't ! these scare tactics are for the naive and for the rush limbaugh audience.
Better yet, go rent a 172 and try to shoot a couple of practice approaches, and let us know how much you pay in taxes to do it...
05-06-2011, 10:13 AM
#26
With The Resistance
Joined APC: Jan 2006
Position: Burning the Agitprop of the Apparat
Posts: 6,191
Originally Posted by olympic
hence the solution, let them hijack the american people .. let them do what they want, let them make AS much money as possible .. what a joke. Tax the [xxx] and I dare them to raise the gas at the pump .. I'll bet a good amount that they won't ! these scare tactics are for the naive and for the rush limbaugh audience.
You will pay those taxes every time you buy fuel, and they are already far larger than oil company profits on each gallon.
On each gallon of fuel sold the government takes on average 42 cents and the oil company makes on average seven cents. Who is doing the hijacking young Sherlock?
05-06-2011, 10:41 AM
#27
Gets Weekends Off
Joined APC: Jan 2008
Position: 747
Posts: 731
Originally Posted by jungle
Naive is not understanding that consumers pay all corporate taxes, resenting a reasonable profit margin and thinking economic truths are scare tactics.
You will pay those taxes every time you buy fuel, and they are already far larger than oil company profits on each gallon.
On each gallon of fuel sold the government takes on average 42 cents and the oil company makes on average seven cents. Who is doing the hijacking young Sherlock?
You will pay those taxes every time you buy fuel, and they are already far larger than oil company profits on each gallon.
On each gallon of fuel sold the government takes on average 42 cents and the oil company makes on average seven cents. Who is doing the hijacking young Sherlock?
05-06-2011, 10:48 AM
#28
With The Resistance
Joined APC: Jan 2006
Position: Burning the Agitprop of the Apparat
Posts: 6,191
Originally Posted by olympic
demand was always high in the united states for oil, we just see the price keep going up, the problem is that they are taking advantage of the free market, paying off betters to raise the price of oil to make these ridiculous amount of profits. It's a game and we're stuck in the middle .. all of us.
You might be well served by putting down the Communist Manfesto and picking up some books on economics.
If you have any better ideas than the free market, which by the way is far from free in many respects, please share them with us. We are always eager to learn something new.
05-06-2011, 11:09 AM
#29
Gets Weekends Off
Joined APC: Jan 2008
Position: 747
Posts: 731
Originally Posted by jungle
You were strangely silent when the price was driven from 145 to around forty a few years ago.
You might be well served by putting down the Communist Manfesto and picking up some books on economics.
If you have any better ideas than the free market, which by the way is far from free in many respects, please share them with us. We are always eager to learn something new.
You might be well served by putting down the Communist Manfesto and picking up some books on economics.
If you have any better ideas than the free market, which by the way is far from free in many respects, please share them with us. We are always eager to learn something new.
Better ideas? how about put in jail the people that have corrupted the free market? that's a start.
05-06-2011, 11:30 AM
#30
With The Resistance
Joined APC: Jan 2006
Position: Burning the Agitprop of the Apparat
Posts: 6,191
Originally Posted by olympic
Yeah anyone who disagrees with free market is a commie ... classic.
Better ideas? how about put in jail the people that have corrupted the free market? that's a start.
Better ideas? how about put in jail the people that have corrupted the free market? that's a start.
What you are really saying is that we do not have a free market under the present conditions, and I agree. Speculators and oil companies don't make the rules, they just have to live by them.
If you want lower prices cut the taxes, free up domestic production and encourage exploration. In other words deregulate.
If you want disaster try to fix the problem via price regulation as was tried in the early '70s. That little experiment didn't work out too well.
Central planning of economies always results in failure, markets respond faster than any human effort to steer them by artificial means.
Thread
Thread Starter
Forum
Replies
Last Post
unemployedagain
Hangar Talk
26
02-07-2009 04:37 PM
