General Chat MCB's Coffee House: Pull up a seat, and grab your favorite caffeinated beverage. Non-paintball related chat within.

Thread Tools
Old 05-07-2008, 06:27 PM   #41 (permalink)
Whats your boggle?
bulldog_TT's Avatar
Join Date: Feb 2008
Location: Silver Springs Florida
Send a message via Yahoo to bulldog_TT

I will believe it when there are cold hard facts. Not theory,speculation or consensus.
bulldog_TT is offline   Reply With Quote
Old 05-07-2008, 06:35 PM   #42 (permalink)
Thrillin' Heroics
Marauder_Pilot's Avatar
Join Date: Jan 2007
Location: Whitehorse, Yukon

There's no cold, hard facts either way. There's volumes of credible research either way. Run with what's in front of you right now, and plan for the future either way.
Marauder_Pilot is offline   Reply With Quote
Old 05-07-2008, 07:47 PM   #43 (permalink)
Suffix's Avatar
Join Date: May 2008

I smell a recession, yup I'm still glad i drive a honda.
06 MacDev Cyborg
Suffix is offline   Reply With Quote
Old 05-07-2008, 07:50 PM   #44 (permalink)
Fully Stocked
Latoolman's Avatar
Join Date: Mar 2006
Location: Kinnelon. NJ

Originally Posted by Suffix View Post
I smell a recession, yup I'm still glad i drive a honda.
You can pull the F150 keys from my cold, dead poor hands.... I'm not giving up my truck !!!!!
My Gallery
My MCB Feedback

Originally Posted by BretG View Post
A KL is like a samuri sword and should reflect the soul of the owner.
Originally Posted by BretG View Post
We came up with a plan... it involved a hijacked truck, two strippers, and lots of brass...
Latoolman is offline   Reply With Quote
Old 05-09-2008, 01:04 AM   #45 (permalink)
Rec Poster
jasperjohns's Avatar
Join Date: Feb 2008

the only fact you can take to the bank is it will run out sooner or later. 10 years, 50, 100.

The fact that it will be my grandchildren's problem and not my children's problem gives me no comfort.

check out the wiki on oil reserves, even the field in ANWR is only predicated at max to hold a 2-year supply. Oil reserves - Wikipedia, the free encyclopedia

So thats nice that your willing to spend your retirement fund on driving to the mall but eventually there will be no point b/c you won't be able to afford anything there. It's not necessary a bad thing that we are forced to deal with high costs, the rest of the world have been doing it for hundreds of years. What I hope will come out of this are real solution to energy and a change in attitude about our limited resources. But thats what people though would happen after the Great Depression and clearly it swung back.

Last edited by jasperjohns; 05-09-2008 at 02:42 PM. Reason: clarification additional comments
jasperjohns is offline   Reply With Quote
Old 05-10-2008, 07:38 PM   #46 (permalink)
Whats your boggle?
bulldog_TT's Avatar
Join Date: Feb 2008
Location: Silver Springs Florida
Send a message via Yahoo to bulldog_TT

By INVESTOR'S BUSINESS DAILY | Posted Thursday, May 08, 2008 4:20 PM PT

Energy: In their ongoing war against U.S. oil producers, Senate Democrats say they'll slap Big Oil with a windfall profits tax and take away $17 billion in tax breaks, among other punishments.

This is an energy plan?

The planned 25% tax on windfall profits would be imposed on oil company earnings above what the Senate's wise members decided was "reasonable." Never mind that what's "reasonable" to one person might be punitive to another.

Senators also want to impose steep penalties on "price gouging" despite the fact that some 17 separate studies have found it doesn't exist. The plan amounts to little more than an attempt to impose price controls a socialist tool dressed up in populist garb.

Democrats hailed their new measure as an attack on "the root causes of high gas prices." That's one of the more laughable comments to emerge from the Senate in some time.

As any student who's taken Econ 101 at the local junior college can tell you, higher taxes don't encourage production; they discourage it. But Senate Democrats apparently played hooky the day taxes were discussed. They should at least have read the report from their own nonpartisan Congressional Research Service in 2006.

It shows that from 1980 to 1986, the last time the U.S. had a windfall profits tax on oil companies, the results were disappointing. As the chart shows, oil companies were hit hard by the tax. And in line with basic economic theory, they produced less oil, not more.

"Over the entire 1980-1986 period," the study said, "the (windfall profits tax) reduced domestic oil production from between 320 million barrels . . . and 1,268 million barrels.


The study also concluded: "The effect of reducing domestic oil production was to increase the level of imported oil.


At the time, the U.S. imported about 30% of its oil; today, we import about 60%. In part, that jump in oil dependency was due to the huge tax advantage we gave foreign oil companies in the 1980s and to the continuing advantage we give them today by refusing to let our oil companies produce more crude from our own reserves.

The Democratic Party's bad energy policies in the 1970s hit poor Americans hardest, while delivering our energy future into the hands of OPEC's unelected poobahs. Now they want to do it again.

By the way, if they try to sell you on the idea that this will be a deficit-cutting move, don't believe it. Revenues from the windfall tax were far less than expected, because producers pumped less and nontaxed imports flooded our market. Compared with a forecast of $393 billion in windfall tax revenues from 1980 to 1988, Congress got a mere $80 billion.

In short, the windfall profits tax is a loser on every level.

Likewise, the Senate's proposals for new penalties on "price gouging" are also fated to fail. This we know because when Jimmy Carter tried price controls, they resulted in massive shortages, blocklong lines at gas stations and, ultimately, gasoline rationing.

Perhaps the worst lie uttered in defense of price controls and higher taxes is that the less well-off will benefit. Don't believe it.

Even as Democrats mouth pieties about "bringing down the price of gasoline" for the poor, they will in fact be hitting working Americans with a big tax hike. "A windfall profits tax on big oil companies may sound good in theory," the nonpartisan Tax Foundation said last week, "but it will be paid by individuals." Big Oil doesn't pay the tax; you do.

House Speaker Nancy Pelosi criticized President Bush for offering "two ways of dealing with the energy crisis drill and veto." But that's a far better plan than anything the Democrats have offered.

Tapping the hundreds of billions of barrels of oil that we have on land and offshore makes sense. It would add supply and lower the price. Every Democratic plan now on the board every one would do the opposite.

Knowing what we do, it's unfathomable that Congress would ponder a return to '70s-era energy policies that nearly destroyed our economy. But that's exactly what it's doing.
bulldog_TT is offline   Reply With Quote
Reply » General » General Chat

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Forum Jump

All times are GMT -4. The time now is 05:52 AM.

Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2018, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO
© MCB Network LLC