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Here we have a "liberterian" who promotes big government and interference with free market commerce.
Here we have a poster who makes things up in order to fit a blinded twisted agenda. Rand Paul said in the very video you are referring to, he wants to end crony capitalism and handouts. How does that equate to the silly comment you made?
I want prices to be lower too. Agreed they dont need handouts. I don't know where you saw me say that or that I was in favor of that. I do know where you pulled it out of.
Do you know the profit percentage they make? Why risk a ton of money in order to make a .5 percent profit? I wouldn't. The idea is to make a high profit percentage.
Here we have a poster who makes things up in order to fit a blinded twisted agenda. Rand Paul said in the very video you are referring to, he wants to end crony capitalism and handouts. How does that equate to the silly comment you made?
So continuing, and even expanding, tax breaks to a chosen industry isn't "crony capitalism?"
And yes, outside of nationalizing oil on the extraction and distribution end, there is no way for the government to control the price of gas. Dropping the corporate tax burden of oil companies will NOT equal a proportionate reduction in cost of vehicle fuel. The only thing that will is a drop in price of a barrel of oil.
Poor poor big oil, they are laughing all the way to the bank with record profits quarter after quarter, while people are struggling at the pump. So let's reward them with even more government handouts and tax breaks, great idea Rand
They have much lower profit margins than many industries and fairly in-line with most utilities....they just happen to be the largest companies in the world and hence....the largest profits.
Now factor in US currency devaluation and inflation.
....and your masters in the democratic party did their dog and pony oil company roast in congress back in 2009 and then....(quietly concluded there wasn't a problem).
So, I'm not sure if I'm more flabbergasted by your inability to do simple math like division or that someone like you actually doesn't believe the democrats.
While everyone vilifies the evil oil companies nonstop who have created the superpower that is knows as the US we watch the Obama admin destroy it from within with their EPA regulations of everything they deem not green. It's no wonder the economy hasn't rebounded. Obama's entire economic plan is based on green energy and green jobs which is a complete fail.
Back between WW1 and WW2 in germany they had currency devaluation such that a loaf a bread might cost 10x what it did the year before.
Oh, those rotten bakers raking in record profits while gouging the consumers.
Have you seen the US to Canada exchange rate?
But hey, look on the bright side...oil is an infinite resource that is getting easier and easier to obtain and new sources like tar sand extraction and deep water drilling can't possibly be more expensive lol.
But that's ok, let's not blame global demand for a non-renewable resource, our own wasteful habits, our devalued currency, inflation (whats that?) and so forth....it's those darn 10% profit margins...while the govt. gets 30-40% in taxes, fees etc.
While everyone vilifies the evil oil companies nonstop who have created the superpower that is knows as the US we watch the Obama admin destroy it from within with their EPA regulations of everything they deem not green. It's no wonder the economy hasn't rebounded. Obama's entire economic plan is based on green energy and green jobs which is a complete fail.
Actually, no it isn't. We do need to be moving off some of the fossil fuels, just gradually. A little pain at the pump isn't neccessarily a bad thing to nudge us a bit out of 50+ years of inertness.
Obama is pushing for new nuclear plants, that I very much support.
Back between WW1 and WW2 in germany they had currency devaluation such that a loaf a bread might cost 10x what it did the year before.
Oh, those rotten bakers raking in record profits while gouging the consumers.
Have you seen the US to Canada exchange rate?
But hey, look on the bright side...oil is an infinite resource that is getting easier and easier to obtain and new sources like tar sand extraction and deep water drilling can't possibly be more expensive lol.
But that's ok, let's not blame global demand for a non-renewable resource, our own wasteful habits, our devalued currency, inflation (whats that?) and so forth....it's those darn 10% profit margins...while the govt. gets 30-40% in taxes, fees etc.
Considering you're dwelling on currency exchange rates and all, is oil cheaper outside the USA?
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