2007-01-04 04:04:04 · 15 answers · asked by Sean 4 in Politics & Government ➔ Politics
BIG OIL
Will never suffer
Go big Red Go
2007-01-04 04:07:58 · answer #1 · answered by Anonymous · 2⤊ 1⤋
Sadly no. With there huge reported profits they will never feel the attack of the democrat congress. And because many on the left seem to think that the war is all about oil, America will make it through the high taxes that will be set forth by the incoming congress
2007-01-04 04:08:01 · answer #2 · answered by Anonymous · 1⤊ 1⤋
Yes. If the Democrats seek to penalize the oil companies by imposing taxes or otherwise interfering in their business, capital will move from that sector and/or prices will be raised to account for the extra cost.
Oil profit margins have been consistent with, or even lower han, those of other industries.
if the Democrats seek to wreck this industry we will all suffer.
2007-01-04 04:05:30 · answer #3 · answered by American citizen and taxpayer 7 · 3⤊ 0⤋
That's not sure.All I see is the democrats talked in the campaign about impeachment,bringing the troops home yada yada yada.They've already cut down seriously on the rhetoric and again goes to show you that the two party system is broken.Big oil has enough Dems in their pocket too.
They are a cynical bunch,they 'd even try to buy of communists if necessary.
2007-01-04 04:49:43 · answer #4 · answered by justgoodfolk 7 · 0⤊ 0⤋
It depends what you mean by "suffer". Unless their lobbyists are able to buy some Democrats too, they might have some corporate welfare cut in that they will have to pay royalties for oil they drill on public land, among other possibilities.
2007-01-04 04:14:49 · answer #5 · answered by rhino9joe 5 · 0⤊ 0⤋
No Big oil will benefit greatly as the Dems want to see 5.00 gas so people will burn less and help the environment
2007-01-04 04:07:59 · answer #6 · answered by Ibredd 7 · 0⤊ 0⤋
Yes
2007-01-04 04:07:14 · answer #7 · answered by Anonymous · 0⤊ 0⤋
I doubt it since most of them are Multi-nationals and can just move offshore if the Dems threaten them. However, people will probably suffer if they try to raise gas taxes.
2007-01-04 04:07:18 · answer #8 · answered by Crusader1189 5 · 2⤊ 0⤋
No, but maybe they'll have to pay the government what they owe for drilling rights (which they haven't been) and they won't get the subsidies that this administration and the Republican congress has given them.
2007-01-04 04:11:59 · answer #9 · answered by Anonymous · 1⤊ 1⤋
why single out "big oil". add every other business. even the ones that had higher profits than "big oil" over the same time period.
2007-01-04 04:10:53 · answer #10 · answered by CaptainObvious 7 · 1⤊ 1⤋