http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/05/16/BUGVAPRFRQ1.DTL
I'm with you. I actually enjoy high gas prices. I was simply wondering if the high prices were in some way connected to the amazing profits in the oil industry.
You ever wonder something like that? Just out of curiosity?
2007-05-23 10:28:38 · 11 answers · asked by sarcasm_generator 2 in Politics & Government ➔ Politics
DUHHHHHH
2007-05-23 10:32:31 · answer #1 · answered by kaisergirl 7 · 2⤊ 1⤋
You can never take 100 percent of the profits. That just doesn't work. At that point, there is no motivation for anyone to even attempt to turn a profit at all. When there is no motivation at all to try to turn a profit, the system just doesn't work very well. You can, however, tax corporations and the rich at much higher rates than we currently do, and still have an economic system that functions quite well. Back when Eisenhower was president, we taxed the rich at rates in excess of 90% on their income and it still worked. I'm not sure what rate oil, gas, and other corporations were taxed at during that time.
2016-05-21 01:39:36 · answer #2 · answered by shawnna 3 · 0⤊ 0⤋
Well DUH!
And I DON'T enjoy them. I would just like someone in the next Senate/Congressional hearing on oil prices to ask the representatives of the oil companies one question:
"When You say 'our stockholders expect more profit' Your talking about the majority shareholders on the board of directors, right? Or do You really think the average Joe with a couple hundred bucks of your stock is happy paying more for gasoline in a year then his stock will ever be worth?"
2007-05-23 10:34:08 · answer #3 · answered by Capt Crasher 6 · 1⤊ 0⤋
no, because oil production is declining in some areas in the world, and the lack of investment into refinery limits the supply available. The goverment coming in and breaking up oil companies will do nothing more than drive up other hidden costs more. The solution to energy is renewable sources of energy, and less driving by people. As population and economic growth around the world go up so does price of oil, and China in 30 years with 300 millions cars alone will make it very differcult to use oil the way its used now, unless we try to find other sources of energy creativity, imigration , innovation is key to making this happen. Break up oil companies is politcal give me points for politicans that cheated on econ 101 exam.
2007-05-23 10:36:27 · answer #4 · answered by ram456456 5 · 0⤊ 1⤋
Close, but no cigar.
There is a Direct Connection between High Gas Prices, and Democrats not allowing us to Drill in Alaska, Off Shore, and on Oil Rich Government Land.
There is also a Connection with the Democrats not allowing us to build New Refineries.
2007-05-23 10:33:02 · answer #5 · answered by wolf 6 · 1⤊ 3⤋
The real question should be:
Is there any connection to the high gas prices and the pompous politicians and environmental extremists who have refused to allow any new refineries to be built in this country and who have refused to allow any new drilling especially in ANWAR?
2007-05-23 10:33:18 · answer #6 · answered by Anonymous · 0⤊ 1⤋
Do you honestly think that oil companies only deal in gasoline. Do you know how many products require petroleum in their manufacturing? Not to mention investments and overseas interests. Don't drink the kool ade.
2007-05-23 10:33:45 · answer #7 · answered by only p 6 · 1⤊ 1⤋
Yes, when gas prices are high, revenues go up. When revenues go up and margins stay the same, so does actual profit.
This is what has happened. You have to look at whether gross margins are higher, not revenue or profit. Anyone with a basic understanding of business gets this.
Liberals do not and politicize this because they are not educated enough to do so.
2007-05-23 10:33:02 · answer #8 · answered by Chainsaw 6 · 2⤊ 4⤋
Short answer: Yes. Long abswer: Read an economics text.
2007-05-23 10:33:56 · answer #9 · answered by yupchagee 7 · 0⤊ 1⤋
Of course.
2007-05-23 10:31:30 · answer #10 · answered by kearneyconsulting 6 · 2⤊ 1⤋