Why do Dems never mention that Exxon pays 35% (as all US corporations do) of it's profits to Uncle Sam in the form of corporate income taxes?
That money is used for whatever things Pelosi's Dems approve --- welfare, education, medical assistance, food stamps, etc and everything else that the Dems spend money on.
Why do Dems forget the fact that a large oil discovery would cause Exxon (or whomever) to pay a boatload of income taxes and royalties to Uncle Sam? That money goes to help America.
Do Dems prefer OPEC and Venezuela to get rich instead?If Exxon Discovers Oil, 35% of Profits go to Uncle Sam to be Used by Pelosi's Congress. Does that Anger Dems
1. Exxon pays nowhere near that after write-offs. The ';profit'; they report to the government isn't even close to what they actually net.
2. 35% would be just about enough to cover the costs of Boy George's war.If Exxon Discovers Oil, 35% of Profits go to Uncle Sam to be Used by Pelosi's Congress. Does that Anger Dems
Actually, if you look at Exxon's accounting statements, it turns out that very little of the tax that Exxon pays goes to the U.S. Most of it goes to foreign governments because most oil is recovered in foreign countries and because Exxon receives foreign tax credits against their U.S. tax liability in the amount of foreign taxes paid.
Oh sure, like the oil companies REALLY pay much in taxes. The know how to weasel out of it. In fact, they get SUBSIDIES. That should outrage YOU-- unless you're a volunteer lackey for the industry.
What Mortimer said.
$11.66 BILLION in the first quarter of 2008. My gas tank and my heart bleeds for the poor oil companies.
Despite discoveries adding 5% per year, United States oil reserves would be half of today鈥檚 level in only eight years.
United States domestic oil reserves would be completely depleted in less than 20 years.
US oil imports would need to increase from the current 63% of consumption to 84% within a decade, and to 90% within fifteen years.
US oil imports would need to increase from less than 5 billion barrels per year today, to over 13 billion barrels per year once domestic reserves ran out.
Today, no significant domestic oil discoveries are being made. If the US decided to shut in some of its domestic production to extend the life of reserves, oil imports鈥攁nd the trade deficit鈥攚ould need to increase significantly. (This of course also assumes that oil exporters will continue to accept dollars for oil indefinitely, which itself is an uncertainty.) On the other hand, if the US seeks to increase domestic production in order to reduce imports, reserves will be depleted even faster! Importing nearly two-thirds of our energy with an eroding manufacturing base, as we do today, is tenuous enough. Imagine trying to import 90%!
No person, corporation, or entity should pay 35% taxes. Hell, 5% is WAY too high. And just because someone is smart and successful, they should not have to pay a higher % than someone else. We just need to stop wasting money on wars, social programs, and foreign aid. And Mortimer, you have seen one too many Michael Moore movies, you poor misled socialist little boy. You guys can give me thumbs down until your bleeding hearts content, it doesn't make it any less true.
EDIT
To the poster below me, you are right, importing 90% of our oil would make it unaffordable. The liberal element in this nation, however, is striving for just that - the more poor people there are, who are dependent on Gov't services and checks rather than their own ambition and talent, the bigger power base they have. There will always be smart, ambitious successful people from which the Government can rob - they are just interested in getting more voters to vote themselves a Gov't check and cheese.
Wednesday, April 28, 2010
Where can I find a model of an oil tanker for a child like the Exxon Valdez?
You can always ask Exxon, or find the ship's manufacturer and ask.
If big oil producers Exxon,Shell etc are the ones refing the stuff, why is gas price based on stock mkt bids,
Exxon refines the raw crude oil that's imported from wherever. The price they pay for the crude oil is determined by the futures market. Then, Exxon just marks it up a little and sells it to the gas stations.If big oil producers Exxon,Shell etc are the ones refing the stuff, why is gas price based on stock mkt bids,
Price of fuel at the pump is not based on the stock market. The price of crude oil may be influenced by ';futures'; and market indicators; however, our pains at the pump are primarily based on the following:
1. Cost of crude oil. Typically, the price of crude oil is characterized as $XX.XX per barrel. Expense is associated with direct purchase of crude oil and/or drilling operations.
2. Refining of crude oil. The standards for refined fuels vary from state to state - one size does not fit all - the result, increased cost at the pump.
3. Transportation. Most gasoline is processed near the ocean where large supplies of crude oil are introduced into refineries. The expenses associated with transporting the crude oil to the refineries and gasoline from the refineries is represented in each gallon purchased at the pump.
4. Marketing. Why you have to market a product that everyone NEEDS is beyond me. 鈥ind of like watching television commercials about the United States Post Office; gratuitous and unnecessary expenses.
5. Research and Development. Lookin' for more oil, researching better ways to process it, and evaluating alternative fuel sources are all expenses that get passed on to consumers.
6. Organizational overhead. Administrative offices, computers, lawyers, $400 Million retirement packages (for a single employee), insurance, red Swingline staplers, and vaults for all that cash.
7. Prof1t # 1 - the oil company. They're not doing all this work just to break even. We've got shareholders with their hands out.
8. Profit # 2 - the gas station. He's not selling you gas just so you'll go inside and pay $2.00 for a cup of lukewarm %26amp; burnt coffee.
9. Local, State and Federal taxes. These taxes are typically associated with road maintenance and conservation initiatives. This could be in lieu of sales tax or in addition to sales tax.
10. Supply and Demand? If less oil is available, the cost goes up. If supplies are abundant; costs are reduced to stimulate demand.
Price of fuel at the pump is not based on the stock market. The price of crude oil may be influenced by ';futures'; and market indicators; however, our pains at the pump are primarily based on the following:
1. Cost of crude oil. Typically, the price of crude oil is characterized as $XX.XX per barrel. Expense is associated with direct purchase of crude oil and/or drilling operations.
2. Refining of crude oil. The standards for refined fuels vary from state to state - one size does not fit all - the result, increased cost at the pump.
3. Transportation. Most gasoline is processed near the ocean where large supplies of crude oil are introduced into refineries. The expenses associated with transporting the crude oil to the refineries and gasoline from the refineries is represented in each gallon purchased at the pump.
4. Marketing. Why you have to market a product that everyone NEEDS is beyond me. 鈥ind of like watching television commercials about the United States Post Office; gratuitous and unnecessary expenses.
5. Research and Development. Lookin' for more oil, researching better ways to process it, and evaluating alternative fuel sources are all expenses that get passed on to consumers.
6. Organizational overhead. Administrative offices, computers, lawyers, $400 Million retirement packages (for a single employee), insurance, red Swingline staplers, and vaults for all that cash.
7. Prof1t # 1 - the oil company. They're not doing all this work just to break even. We've got shareholders with their hands out.
8. Profit # 2 - the gas station. He's not selling you gas just so you'll go inside and pay $2.00 for a cup of lukewarm %26amp; burnt coffee.
9. Local, State and Federal taxes. These taxes are typically associated with road maintenance and conservation initiatives. This could be in lieu of sales tax or in addition to sales tax.
10. Supply and Demand? If less oil is available, the cost goes up. If supplies are abundant; costs are reduced to stimulate demand.
Who sets oil/gasoline prices? How responsible are big companies such as Exxon and Shell for these prices?
The demand for oil sets the price. Oil companies aren't responible with their power given the history of Hurrican Katrina they made a record billions of dollars in profit over this disaster.Who sets oil/gasoline prices? How responsible are big companies such as Exxon and Shell for these prices?
1-sabotage Esso and Shell that import most of their gas from the Arab countries.
2.Obviously that Demand and supply set the market prices so Cut down your comsuption of Gas (ex:use the subway or public transportation, convince your friends to do the same.) Report Abuse
Who sets oil/gasoline prices? How responsible are big companies such as Exxon and Shell for these prices?
3- Ever thought to buy an Electric car? Report Abuse
1) You (If you want the oil/gasoline prices to go down all you have to do is sell your Gasoline American Car and buy a Diesel German Car)
2) 0% Responsible
1-sabotage Esso and Shell that import most of their gas from the Arab countries.
2.Obviously that Demand and supply set the market prices so Cut down your comsuption of Gas (ex:use the subway or public transportation, convince your friends to do the same.) Report Abuse
Who sets oil/gasoline prices? How responsible are big companies such as Exxon and Shell for these prices?
3- Ever thought to buy an Electric car? Report Abuse
1) You (If you want the oil/gasoline prices to go down all you have to do is sell your Gasoline American Car and buy a Diesel German Car)
2) 0% Responsible
Why are oil stocks such *** exxon mobile whom reportly make billions doing so badly in market lately???
Companies like exxon mobil and, Shell Royal Dutch you would think thier stocks would be soaring recently lately their losing that does not make sense to me they gotta be making zillions?????Why are oil stocks such *** exxon mobile whom reportly make billions doing so badly in market lately???
1. Were in a bear market for STOCKS. Exxon Mobile is a stock.
2. Exxon Mobile spends BILLIONS of dollars looking for oil.
(Getting harder and harder to find)
Investors who actually bought the oil that was already found as in the oil ETF (uso) have made a fortune because no company had to go out and find that oil.
If you really want to know what's going on with oil, go read Matt Simmons book ';Twilight in the Desert';Why are oil stocks such *** exxon mobile whom reportly make billions doing so badly in market lately???
I think there are 4 main reasons:
1) the risk of idiot politicians pandering to the public by doing something bad to oil companies
2) the risk that oil prices may suddenly reverse and chop their profits
3) the fact that part of their business is the refining part which has not been very profitable compared to the other parts
4) the oil industry is a cyclic industry and the stock market is looking ahead, past the current peak in the cyclelip plumper
1. Were in a bear market for STOCKS. Exxon Mobile is a stock.
2. Exxon Mobile spends BILLIONS of dollars looking for oil.
(Getting harder and harder to find)
Investors who actually bought the oil that was already found as in the oil ETF (uso) have made a fortune because no company had to go out and find that oil.
If you really want to know what's going on with oil, go read Matt Simmons book ';Twilight in the Desert';Why are oil stocks such *** exxon mobile whom reportly make billions doing so badly in market lately???
I think there are 4 main reasons:
1) the risk of idiot politicians pandering to the public by doing something bad to oil companies
2) the risk that oil prices may suddenly reverse and chop their profits
3) the fact that part of their business is the refining part which has not been very profitable compared to the other parts
4) the oil industry is a cyclic industry and the stock market is looking ahead, past the current peak in the cycle
'; Exxon Mobil posts record annual profit '; How am I supposed to believe oil companies aren't ripping me off?
After all these companies say they're is no price gouging going on, how am I supposed to believe that myself and everyone else in the world isn't getting ripped off when companies like Exxon Mobil are posting record profits? What are your feelings on the topic?'; Exxon Mobil posts record annual profit '; How am I supposed to believe oil companies aren't ripping me off?
Call volumn
Taxes on gallon of gas in 60 cents
So lets look at it this way.
Gas is about ~2 bucks
So the oil companies are selling it for $1.60.
In 1980 it broke a buck a gallon.
Name me 1 thing that has gone up in price 60 cents in the last 27 years.
So now the democrates want to soke them and raise their taxes guess who is going to pay for it.
That is right all of us.'; Exxon Mobil posts record annual profit '; How am I supposed to believe oil companies aren't ripping me off?
You're correct..Partially. The oil prices need to be regulated by the government. Although oil is selling on the open market and that determines the prices. But so much profit is not healthy for anyone, but Exxon Mobil. They need to share their wealth with the people that make them rich day after day..
All I know is that the CEO of exxon mobil is the absolute caricature of the gluttonous capitalist pig.
http://www.americantruckersonline.com/Ex鈥?/a>
They will tell you that they put their money back into R%26amp;D. They have no desire in alternative fuel sources; if they do you sure bet they will have a hand in it and we will be at the mercy of these oil companies.
Don't forget you also have OPEC which bullies the market when they see oil prices go down, they just cut production to keep the prices inflated.
Talk about things being obscene the profits of the oil companies am sure the CEO's will get nice reward and workers will get little in reward.
I don't believe it either. Prices per barrel went way down, like prices from 2005. Yet the consumer is still paying riduclus prices. HMMM..
oil companies have been ripping us off since the late 50th
WHERE WAS EVERYONE WHEN THESE SAME COMPANIES WERE BARELY MAKING IT. THEY MAKE 9 CENTS FOR EVERY DOLLAR SPENT--MOST INDUSTRIES MAKE TWICE THAT. THEY SELL ALOT OF PRODUCT.. WHEN AMERICAS STOP BUYING SO MANY SUVS AND PICK-UP TRUCKS ALL SUB 20MPG VEHICLES I MIGHT LISTEN. YOU CAN NOT HAVE YOUR CAKE AND EAT IT TOO. WHY DON'T YOU ASK THE FED GOV TO LOWER TAXES ON A GALLON OR STATE TO LOWER THERE TAX. IT IS CALLED SUPPLY AND DEMAND.
Call volumn
Taxes on gallon of gas in 60 cents
So lets look at it this way.
Gas is about ~2 bucks
So the oil companies are selling it for $1.60.
In 1980 it broke a buck a gallon.
Name me 1 thing that has gone up in price 60 cents in the last 27 years.
So now the democrates want to soke them and raise their taxes guess who is going to pay for it.
That is right all of us.'; Exxon Mobil posts record annual profit '; How am I supposed to believe oil companies aren't ripping me off?
You're correct..Partially. The oil prices need to be regulated by the government. Although oil is selling on the open market and that determines the prices. But so much profit is not healthy for anyone, but Exxon Mobil. They need to share their wealth with the people that make them rich day after day..
All I know is that the CEO of exxon mobil is the absolute caricature of the gluttonous capitalist pig.
http://www.americantruckersonline.com/Ex鈥?/a>
They will tell you that they put their money back into R%26amp;D. They have no desire in alternative fuel sources; if they do you sure bet they will have a hand in it and we will be at the mercy of these oil companies.
Don't forget you also have OPEC which bullies the market when they see oil prices go down, they just cut production to keep the prices inflated.
Talk about things being obscene the profits of the oil companies am sure the CEO's will get nice reward and workers will get little in reward.
I don't believe it either. Prices per barrel went way down, like prices from 2005. Yet the consumer is still paying riduclus prices. HMMM..
oil companies have been ripping us off since the late 50th
WHERE WAS EVERYONE WHEN THESE SAME COMPANIES WERE BARELY MAKING IT. THEY MAKE 9 CENTS FOR EVERY DOLLAR SPENT--MOST INDUSTRIES MAKE TWICE THAT. THEY SELL ALOT OF PRODUCT.. WHEN AMERICAS STOP BUYING SO MANY SUVS AND PICK-UP TRUCKS ALL SUB 20MPG VEHICLES I MIGHT LISTEN. YOU CAN NOT HAVE YOUR CAKE AND EAT IT TOO. WHY DON'T YOU ASK THE FED GOV TO LOWER TAXES ON A GALLON OR STATE TO LOWER THERE TAX. IT IS CALLED SUPPLY AND DEMAND.
Help on Exxon Valdez oil spills.?
I'm still reseaching about the exxon valdez and and i need at least 8 more pages to go i haven't started because i can't think of solutions to oil spills..
Can you guys give me some ideas so i can start writing my 8 pages research paper :)
Solutions to oil spills
What should policy changes be to prevent the oil spills..
please please
i need help..Help on Exxon Valdez oil spills.?
the double hull is helping
Can you guys give me some ideas so i can start writing my 8 pages research paper :)
Solutions to oil spills
What should policy changes be to prevent the oil spills..
please please
i need help..Help on Exxon Valdez oil spills.?
the double hull is helping
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