Friday, May 23, 2008
"Windfall" profits and bashing big oil
We're almost at the summer driving season and gas prices are high, so it is time for Congress to bash the oil companies. Democratic Representative Cynthia McKinney Maxine Waters [oops] rolled out the nationalization card. Just what we need, the people who brought you the post office hunting for new energy. I thought we learned our lesson with Jimmy Carter's "synfuels" project, but apparently not.
Michelle Malkin has a long list of medicinal links on the matter of oil company profits. Good for her.
For those of you who want to tax "windfall" profits (a concept steeped in hogwash, by the way), answer this: How will lowering the rate of return on capital invested in new oil production increase supply?
11 Comments:
By 
, at
Fri May 23, 09:36:00 AM:
It sounded like McKinney to me, also.
Yikes, there are TWO of them!
By , at
Fri May 23, 09:58:00 AM:
How about those spineless jellyfish to block drilling in the ANWR those lying greens oposing drilling and sending us their stupid junk mail OPEC selling us their expensive oil liberal journalists scribbling those idiotic cartons in the papers urging us to ride bikes and the hollyweird celeberties appearing in those rediculous ads oppsoing drilling
By , at
Fri May 23, 10:00:00 AM:
It's always a pleasure to watch the "intellectually superior" Democrats trying to grill CEOs and Supreme Court justice candidates.
And like their moonbat parrots, they always seem to think they win the one sided interrogation with mental midgets like John Roberts.
I think there is something to the tinfoil hat explanation.
By , at
Fri May 23, 10:21:00 AM:
One mistake on the post. It was Maxine Waters, not Cynthia McKinney (McKinney has been out of office for nearly two years).
What's funny is that Waters, being the idiot she seemed to be, couldn't find the word "nationalize" or "nationalization", and blatantly said the government would take over the oil industry.
It's amazing how the foolish people of the districts keep re-electing these outright Marxists.
By , at
Fri May 23, 11:19:00 AM:
.
Maxine Waters must be totally insane. The Left won't debate, they just shriek...
.
absurd thought -
God of the Universe thinks
the Right is always wrong
and the Left is always right
and facts don't matter at all
.
absurd thought -
God of the Universe says
NO MORE oil for you
rarely may you drill for it
limit refining of it
.
absurd thought -
God of the Universe says
YOU'RE RIGHT WING
loving capitalism
and trusting the market
.
Philosophy of Liberty Cartoon
.
Help Halt Terrorism Now!
.
USpace
:)
.
By , at
Fri May 23, 11:23:00 AM:
Liberals are morons.
Taxing more doesn't reduce prices.
Taxing more doesn't create more oil
Taxing more doesn't help the consumer.
Taxing more DOES DO a couple things.
1)It gives more money to government.
2)It allows the libs in Congress to PORK out more.
3)The tax comes out of OUR pockets.
Are there NO LIBS that are smart enough to understand this, or are they all completely dishonest?
By 
TigerHawk, at
Fri May 23, 12:56:00 PM:
Thanks for the correction -- I actually knew it and transposed the two in my brain, which I am embarrassed to admit.
By Arthur, at
Fri May 23, 01:25:00 PM:
I keep having this dead-end conversation with family/friends/acquaintances - mostly staunch Republicans - who have all bought the "EEEEEvil oil companies and their EEEEvil profits" story hook, line and sinker.
These same people with 401k's can't come to grips with the idea that profits are personally beneficial. Nor do they seem to understand supply/demand and the distorting effects of government interference.
By D.E. Cloutier, at
Fri May 23, 10:00:00 PM:
TH: "I actually knew it and transposed the two in my brain..."
I thought it was an intentional joke. I guess I better stop laughing.
By , at
Fri May 23, 10:20:00 PM:
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By , at
Mon May 26, 12:49:00 AM:
BOIL THOSE LIBERALS IN OIL BOIL THE GREENS IN OIL SERVE THEM TO THE CREATURES FROM THE PLANET OF GOOURS AND FEED THEM TO TO RARE CARNIVEROUS QUETZALS
