How Does Obama View his Ideas of Taxing Exxon into Bankruptcy While Not Penalizing Oil from Iran, Saudi, Lybia

... etc?








Does it bother Obama if terrorists benefit while America suffers?How Does Obama View his Ideas of Taxing Exxon into Bankruptcy While Not Penalizing Oil from Iran, Saudi, Lybia
The US receives little oil from Iran, or Libya. A majority of our imported oil comes from Canada, Mexico, Venezuela, and the Sudan. What we need is an energy policy similar the 1960s Apollo project. To set America on a course to energy Independence within the next `10 years. Taxing windfall profits would be a way to partially fund this.How Does Obama View his Ideas of Taxing Exxon into Bankruptcy While Not Penalizing Oil from Iran, Saudi, Lybia
Although I have never heard him say it, I believe he may have ideas of nationalizing our energy sources. I know some members of the House have discussed it. I feel this way because he has no plan to reduce the price of gasoline and it will be too many years before energy will become affordable to wait for alternative fuels to take the place of fossil fuels.





American citizens will be taking matters into their own hands by inventing ways to bypass or drastically reduce the use of the fuels that are now available to us. That has already begun. Also, more foreign cars will become available to Americans that get far better gas mileage.
This may come as a surprise to you but Exxon and all the big oil company's get the majority of oil from the middle east.They all just signed a agreement with Iraq to get there oil.This was a no bid contract.


I bet you thought that the Iraq war was not about oil.


We had a windfall profit tax in the early eighties and gas was 55 cents a gallon.


Reagan did away with it and the deficit went from 800 billion to 4 trillion and the price of gas doubled.
They know they can't do that. The net profit margin is about 8% - that's not high. They know the oil companies spend billions on exploring and drilling to bring in new supplies. If they stopped the ability for our oil companies to provide what little they can, then we would be 100% dependent on foreign oil!
With the profits Exxon is making, bankruptcy is a HUGE impossibility. Geez, where do you people come up with this stuff? I will give you this......you did make me really laugh out loud this morning, so I give you props on your comedic effort.
because it isn't OPEC anymore, its speculators that help shut down refineries which reduce the supply and the speculators can raise the price for oil and make money.
Obama is a madman, followed by a bunch of complete idiots. How can one even answer?





http://common-sense-conservative.com/?ca鈥?/a>
It ties into his plan to turn USA America into a African type





3rd world country!
Obama is a complete nitwit.
It won't bankrupt Exxon. They'll pass any tax increase to their customers and it'll bankrupt us.
Taxing Exxon into bankruptcy ????


Thanks, I needed a good laugh!
Taxing Exxon into bankruptcy? HAHAHA!!! You are funny!
In case you have not noticed, his allegiance is not to the United States.