What does Hillary Clinton mean by "excess oil company profits"?

Question

From the details in her latest question on Y!A:
"I have a plan to set up a Strategic Energy Fund using excess oil company profits to invest in alternative energy."
I'm no fan of the big oil companies and the way they gouge us at the pump.....but taking money from private industry? Is that what she means? Isn't that a bit like.....communism??
I see a lot of excess spending taking place on Capitol hill *cough*....couldn't we start there instead?

Answer 1

That means they aren't giving her enough money!

Oil Co's make about 7 cents on the dollar, a medium amount. But the total revenue is so high it boggles most people's minds. Microsoft has a much higher profit ratio, but Hillary isn't talking about taking excess MSFT profits to make another operating system!

At least the Dems made a big deal out of the "pay-go" system, meaning no new spending unless you cut something else or raise a tax for it. I never saw that coming and I hope they stick to it or reduce spending. That would be hilarious! Dems cutting spending! Ha! If they did that they would win a Presidential election!

Answer 2

First of all.....

ph_yo - Supply and Demand baby, Supply and Demand!!! There is no way they can just continue to jack up the prices! We have many different competitors of gasoline currently trying to provide the lowest price that will satisfy the supply! Gasoline is actually very cheap at around $1 to $1.20 a gallon. What makes the prices so high are the already high taxes we are paying through federal, state, and local gas taxes on top of the additional sales tax and OPEC's various VAT taxes!

Mustard - You really are gullible aren't you? Do you seriously believe everything that the government scientists tell you? Do you truly believe the government will be the first ones to invent alternative energy sources? The government never finds anything new with all the trillions of R&D they have pumped into themselves ofver decades! The competitive market is the one that advances society! Do I agree Iraq was horribly planned? Yes! Do I believe your energy program will find a new alternative? Not a chance in hell! It is impossible for a government promise to be realized to what they made you believe!

Sakiboy - I hope there are more reasons than you hating to get taxed as to why you would start a revolution! Taxes are killing this country from the inside out! They destroy the fabric of the labor force as well as promise incredible pleasures and liesures that the government will never be able to provide! They stunt econocmic growth and run as a slavery system when taxed at a high level!

BDZOt, Dr Dee, Willis, Michael, Freakzilla!!!, rmagedon, Mr. Wise.........very true statements! She is a force! Force does not bring peace, it does not bring prosperity, it does not bring the pursuit of happiness! The problem is, people like Hillary don't understand things like the example chart I posted with this!

Hillary will destroy this country by ruining the constitution! That does not mean I will be voting for a republican though! ~ Libertarian!

Thank you for the great question!

Answer 3

I work for a major oil company. Yes they make money...after all that is why they are in business.
But let's not stop with the oil companies. What about the banks, the insurance companies, Microsoft, etc etc.

They also keep many people employed and provide them with an good standard of living.
I for one am grateful for having a good paying job and I thank each and every one of you for contributing to my pay cheque :)

But I have a solution. We can all stop driving and that would put a quick stop to all the profits these oil companies make.
Is that a plan or what? Let's all give up our cars!

Answer 4

She claims the oil companies make huge profits but conveniently withholds the fact that taxes at the pump are more than the oil company profits. So she's saying, "Taxes yes, profits no!" You're correct, why not start with the government waste?

Answer 5

Like all other definitions say Rich, right-wing, is, it is whatever she wants it to be, after all she is a socialist and has the higher moral ground. She can decide if you are rich and tax you into poverty although she will never put a number on what rich is, or she can instantly tell if you are part of the right-wing conspiracy since you disagree with her ideology, or like her husband, it really depends on what the meaning of is is.

She is a pure socialist idealogue and if you think different and she gets elected to the WH you are going to be in for a real surprise. Remember her last run at a secretive national health care program.

Answer 6

Either way, the oil companies are just going to jack the price at the pump to make up for their excess in loss.

Answer 7

I think she defines "excess profits" as any amount of income that makes her turn green with envy and salivate like a dog. As a shareholder of many of these "Big Oil" companies, it's MY money she's talking about taking....needless to say, this commie won't be getting my vote!

Answer 8

It is not Communism since under communism there would be no money. It is more socialist. Truth is though I doubnt there will ever be a "strategic energy fund" it is just political talk. If you ever listen to what she says related to econimics, she has no clue what she is talking about.

Answer 9

I agree with you. Who gets to decide what is an excess profit? The government?

Just think if we had taken the money and talent that has been expended in Iraq and instead focused those resources on the development of alternative energy sources. We would be several years closer to achieving energy independence.

Answer 10

That is communism. Corporations exist to make a PROFIT otherwise there is no point to be in business. She must have been taking advice from old hugo in Venezuela. Oh wait they are fellow travelers anyway