Hearing on Oil Profits and Subsidies: Solis's Questions

[judyleasugar97]

Stop the subsidies to oil companies! Corporate welfare is ludicrous in light of their profits. BP was making a million a day and yet they couldn't attach a device that cost $500,00 to the pipe that would have prevented the gulf disaster???

[cowboycarl04]

so I guess when Exxon pays 44% of all income (like $400 billion) in taxes, that is not good enough...

what are we retarded?

STOP BLAMING AND SOLVE THE PROBLEM... bunch of damn whiners

if you don't allow us to invest not only in drilling for oil, but limiting us in wind and natural gas, then you get high prices when demand is high...

you cannot tell me to not drill and then complain about high costs... it's fucking hypocrisies at it's finest

[ktm7979]

Gov't officials are wastes of space.

[gvandiver]

I can't stand to listen to a bunch of stupid sons a bitches who buy into this bullshit on greenhouse and global warming This is all a political scam to scare the stupid American people. LIES LIES LIES LIES LIES LIES LIES Hang these son a bitches for treason

[johnebii]

Nancy Pelosi you are an idiot. The last I checked, a tax break is just allowing somebody to keep their OWN money. You are so arrogant. How can you pretend like that money belongs to the gov't to start with as if it's yours to allocate to whatever pet project you see fit? Doesn't the gov't waste enough of our money already, something that you refused to stop by shelving the one yr. moratorium on pork. If you were talking about subsidies that's different but that's not what the decription says.

[tainoaz]

Did anyone expect us to advance alternative sources of power during the years Oil Barrons were in power? Or the years a Demoncrat was in power? Clinton fooled me till I realized he also caved in to creating a short term positive legacy. 1% used NAFTA to transfer a huge amount of wealth to themselves while annihilating the middle class. Oh, but wait we have more millionaires than ever! Lol Lol

[tainoaz]

'I don't know anything about that model but my guess would be less power, more expensive parts..

It is doable...and to believe Exxon pays car companies to hold down mpg is a joke.'

I did pay almost 2k more for that engine but it saved many k over the years. I think that is anathema to immediate gratification which is our present God, like this War 'feels good to exact revenge' in spite of the fact that we are raping our people, constitution, 'real' values and YES our economy!

[tainoaz]

You spew Neocon gospel but don't know your God?

--Shall we just give 100% of our income to the government, let me guess that's not socialism either.

Who even cam close to suggesting that?

You just gave yourself away, and, we are not even starting. Thanks I can move on...

[sighet04]

Neocon gospel?

--I'm asking for less regulation.

--When in America was it bad to make too much money?

--I'm askng for 0% income tax. You sound like you want rich people to give up all their money.

[tainoaz]

In 1992 I had a Honda Civic VX that did 52MPG in the highway!! Sure, tell me it is not doable.

Lol Lol Call that extreme? Japan uses 17% less oil today than at the end of WW2! I wonder how they did that? Hmmmm Free markets Hmmmm!

Put away your Neocon handbook and use the Coconut God gave you for once, PLEASE!

[sighet04]

"In 1992 I had a Honda Civic VX that did 52MPG in the highway!! Sure, tell me it is not doable."

I don't know anything about that model but my guess would be less power, more expensive parts..

It is doable...and to believe Exxon pays car companies to hold down mpg is a joke.

IF tomorrow Ford comes out with a 100mpg car, the market share for that car would be 85%. They would make more selling a car with the most mpg.

Why are you calling me a neo-con, i'm asking for free markets..no regulation

[tainoaz]

I most respect people that can break ranks with their 'fraternity' of choice. I am a Liberal,but I come from a Libertarian ideal and not a communist/socialist one. The oil companies claim that the profits are required for a company that depends on large profits to bear the down cycles. How come this does not apply to 'Joe Six Pack'? Also, how come every corp passes the buck 100% (heck even take advantage) to the consumer at the end. Can't we all share the burden? GBOT!

[tainoaz]

All Real Patriots watch;

All Men are Created Equal /on/ You Tube.

Support Our Troops...Reposition our Troops to bases in Kurdistan, Kuwait, and, Qatar.

END the occupation of IRAQ...

Mr. President, stop using our Patriot Soldiers as babysitters for the Iraqi Government and for refereeing the Iraqi Civil War!

Best we can do NOW is a South Korea model or state #51!

Impeach Bush and Co.

[winklestraat]

It seems the issues of lacking the man power, etc. yet these huge profits are not allocated to upping the man power, etc.

Seems to be double speak to me.

[EmelinaChaCha]

Thanks for adding the video. It's tough to watch these powerhouses talk about this. They make billions.. why are they getting such tax breaks?

[Maverick2016]

I am a conservative republican and I think government should be as small as possible. With that said I am going to make a statement that doesn't really reflect my personality, but the government needs to do something about these giants. This is a case of out of control capitalism and these prices are blatantly tyrannical especially since their product is inelastic. With the lower class suffering so much these companies are borderline un-American.

God bless our troops!!!

[sighet04]

They sell more then just gas at the pump. So their money isn't only made by everyday americans. Don't think they are making billions off middle to low class people.

In 2001 oil per barrel was about $34, gas was about $1. Oil per barrel is $105, and $3 for gas.

You cannot blame oul companies for their profits, they are in the business for their shareholders. It is too late for the government to do anything. If they make oil share profits, their stock drops, everyday americans lose their money.

[sighet04]

Oil will then try to revive the stock through mass layoff. It's too late, government should never dictate profits, it's not their job. Government can intervene, jobs will be lost, shareholders will lose mass money, or they can do what they never do and stay out of it.

In my last msg I said "In 2001 oil per barrel was about $34, gas was about $1. Oil per barrel is $105, and $3 for gas.

"--Meaning oil companies really have made their pirces based on the fluctuation of oil/barrel.

[sighet04]

Oil is relatively cheap, based on inflation and shortage of supply.

The only way to see oil drop is to get people that make bids on future oil to drop their idea that it is worth over $100/ barrel.

[Maverick2016]

Are you really saying that their gross profit margins are within normal limits? That the jump from the 30 billion dollar per year range to the in excess of 120 billion dollar per year range is justified? Are you really saying that their allocation of funds, in relation to their net profit, is acceptable? Less than 1% to research into alternative fuel sources is nothing less than trying to keep gouging Americans for as long as it is possible for them to do so.

[sighet04]

"jump from the 30 billion to 120 billion ... is justified?"

Don't know where you get that Exxon's income was 40 bil.. not 120. Do you undertand they sell wayy more then just gas at the pump..

"Are you really saying that their allocation of funds,.. is acceptable?"

Yes, it is not the oil companies job to put themselves out of business. Capitalism isn't a feel good story. It's hard work of many people, why again should they accept losses?

Oil companies loyalty is to their shareholders.

[tainoaz]

They call themselves Energy Cos. Why? They are oil companies. sighet04 what do you think about; geothermal, nuclear, wind, photo voltaic etc. Forget about Ethanol that is not helping. China's appetite for oil is not going to wane.

Wake up! Let's not even talk about corporate responsibility. Look at what unmitigated capitalism is doing to China. Environment is in the dump; air, water, sea, food etc. Oh, but we should do away with FDA, EPA because it hurt business. Right? As McAuliffe said=Nuts!

[Maverick2016]

Really? You think the prices are fair? If you look at the average inflation rate of about 2.9% over the last 10 years, and the average price of gas being 1.16 in 1998, that means we should be paying $1.54 per gallon. I realize there are more than two factors involved, but that means based on the average gas price today of 3.24, there is $1.70 per gallon that we are being gouged. You're telling me short supply, which it isn't, and share profits justifies an extra $1.70? How much $ is enough?

[grazon]

"out of control capitalism"... That's a good description of what teddy Roosevelt was against.

[tainoaz]

I am a closet Libertarian because I recognize that for that model to work everybody would have to be a Buddist or have a conscience. An 'entity' without a conscience seeks to grow and prevail regardless of the consequences to humans. Corporations goals do not include what is best for U.S. AT ALL! Look how corporations ran amok with NAFTA. It is absolute madness to see so many jobs lost, while corp/boards retire in few years with millions. Not to mention Golden Parachutes :( IT IS MADNESS!

[grazon]

I was in Jr. High when NAFTA went into effect and even then I knew it was stupid.

[tainoaz]

i don't know if Clinton was naive or if he was just seeking a quick fix to leave office with a nice economy regardless of the cost later. having said that I think this War(Idiot made Disaster) will eclipse any bad decision he ever made 100x. Any possible benefit of this War will be canceled by the repercussions of every type that will last generations. Saad!:(

[grazon]

Well get read to speak openly about your being a political Independent 'cause while people can ignore the war NO ONE can ignore the rise of oil prices and I have a feeling it's going to KILL the GOP.

[sighet04]

(grazon)

So the democrats can fix the oil prices?

[sighet04]

(tainoaz)

It's called capitalism..

If you want socialism... I heard it's the hip new thing in England, maybe you should move.

Bye.

[tainoaz]

Can you spell Ad Hominem?

If it challenges your 'Fraternity Credo' or your 'Core Values=Zealot Beliefs' respond by pigeon holing your perceived enemy.

Case and point look at China it is in all actuality unchecked capitalism. Exactly what we would have here if we did not BALANCE our policies. Your response speaks volumes about you and those you represent.

Bye.

[sighet04]

(Don't waste people's time with personal attacks, btw I put all my information up, you put nothing.)

I was responding to your message: "Can we share all the burden"

--That's socialism. Make your case that sharing the burden is not scoialism.

--Shall we just give 100% of our income to the government, let me guess that's not socialism either.

[grazon]

Guess we need to get rid of that pesky tax system since it forces people to share the burden.

[sighet04]

" get rid of that pesky tax ...since..ppl.. share the burden."

So we agree on something?

--Taxes and over-regualting a business because they make too much money are two different things.

I guess next we should go after that damn Bill Gates making money off the backs of the "average american."

--Everyone has a choice, they can use it (gas) or there are ways around it (the ways may be difficult, but there are always other ways).

[grazon]

It's called sarcasm.

[sighet04]

what do you think about; geothermal,etc..."

The free market will take care of them.

--"Environment is in the dump"

Who says? Al Gore? The man who plans to spend 300 mil to convince ppl global warming is a problem? If you're talking about water problems in Africa, that's corruption, not because my car only gets 20 mpg.

"Oh, but we should do away with FDA, EPA because it hurt business."

--No keep them. Limit the regulations. No need to force co. to boost mpg to extremes.

[sighet04]

"You're telling me short supply, which it isn't"

A demand rising faster then the supply is a short supply, that's what is happening.

-You say you realize it's more then two factors then you explain to me why it doesn't make sense?? It's not just inflation, it's speculation, and rising demand driving up the cost per barrel.

-Gas at the pump follows the oil/barrel.

Congress calling them up is only a marketing strategy, will congress do anything? No..they really can't do anything.

[tainoaz]

Wow, God Bless you! I most respect people that can break ranks with their 'fraternity' of choice. I am a Liberal,but I come from a Libertarian ideal and not a communist/socialist one. The oil companies claim that the profits are required for a company that depends on large profits to bear the down cycles. How come this does not apply to 'Joe Six Pack'? Also, how come every corp passes the buck 100% (heck even take advantage) to the consumer at the end. Can't we all share the burden? GBOT!

[sighet04]

You're not socialist, but you want to share the burden...hmmm

You contradicted yourself in less then a 500 word post.

[tainoaz]

Do you know who your God is? Spell this L-E-O S-T-R-A-U-S-S... go ahead and deny it. Goooo

[tainoaz]

Sure what do you propose? 1% keep riding the backs of the 80% who really work for a living?

NEWSFLASH///// Look at what happens when we allow your kind too much power. The unchecked greed is coming around full circle right back at you! What do you say to that? or did you know this was coming and exchanged all your dollars to euros or better yet gold?

What you do to your brother you do to yourself! If your policies hurt and demoralize 80% of the population it will hurt your profits. BOTTOMLINE!

[sighet04]

Inflation doesn't hurt me.. or probably you.

[xMannyfestox]

The oil companies need to be levied a price gouging fine, and it needs to be called that so there is no vagueness about it, and told to clean up their act or they'll get it again. And don't make it a token fine that they'll be able to consider it the price of doing business, make it hurt.

Ho hum, this has been going on for years and you haven't done anything about it yet why should I believe you'll do something about it now?