Yes, the oil companies have record profits because oil and gas are at record price levels. The market sets the price. Look at the oil companies PROFIT MARGINS. They run from 8% to 10%. The governments profit margin (taxes) on gasoline ranges from 12% to 20% depending on the state. Hillary thinks she has the right to add to the governments bottom line by taking from the oil companies smaller bottom line. That is crooked and socialist. She is corrupt and misleading everyone she can.
2007-07-24 04:26:40 · 22 answers · asked by Pro-American 3 in Politics & Government ➔ Politics
She is a socialist...She believes that she is an elite person -who is destined to use her wondrous abilities to mandate a "specific life style/and belief system" for the masses ...
Once established as a savior of the poor,suffering, not happy masses ,she and her chosen elite will be able to justify their power,position and wealth (including a different life style)
-->who would begrudge a few frills for those "responsible" for taking "care" of the masses...and establishing humane and caring treatment for all...
Socialism can easily devolve into communism ..just ask the soviets who WERE TOLD where to live,who they will "share" their houses with, and forced to "donate" their talented kids if the state "needed them" and how much bread/fuel/ that
they were "fairly" entitled to., personal autos were for the favored or "elite"....etc..
It's just not the oil companies folks!!
2007-07-24 04:48:10 · answer #1 · answered by cyansure 4 · 2⤊ 0⤋
First-who are you?, an Oil Co. lackey, or just one of those whiz kids who invest in the Stock Market.? The rest of us are pain at the pumpers,we all say HELP!. This superstitious notion that all socialism is bad is just pumped up propaganda residue, left over Cold War junk. This system needs an overhaul, the free market has gone mad with profit lust,it's bad for the People,and our Nation. Lots of projects need group effort, helping the Nation get threw this crisis of freeing ourselves from Oil is going to take a lot of wiggle room. Our Nation needs cash flow, if Big Bloated Oil has it, they should, Give It Up.
2007-07-24 11:50:48 · answer #2 · answered by song1709! 3 · 0⤊ 3⤋
You should keep in mind that the top 10% of this nation pays 75% of the taxes.
AND, that 10% owns 95% of the wealth in this country. So, ask yourself why is it that the bottom 90% of the country that owns only 5% of the wealth has to pay 25% of the taxes?
That ought to explain why oil companies need to pay more taxes.
2007-07-24 11:36:00 · answer #3 · answered by r1b1c* 7 · 1⤊ 3⤋
Bush is the oil companies. according to the time magazine.
His whole family owns oil wells in Kuwait and saudi Arabia.
So does Chaney. that is a fact what you saying is speculation.
2007-07-24 11:35:03 · answer #4 · answered by Steven 6 · 2⤊ 1⤋
She'll say anything for votes and the sooner the people realize that, the better. Watch where the corporate money heads and know that corporations aren't going to support someone who proposes to cut into their profit margin.
2007-07-24 11:30:22 · answer #5 · answered by Anonymous · 5⤊ 2⤋
The real question is when she does take their money and Exxon blows up it's refineries and oil wells what happens to the rest of us. I hope Exxon moves to Dubai.
2007-07-24 11:34:15 · answer #6 · answered by John Galt 2 · 1⤊ 1⤋
She is full of socialist ideals. If she succeeds with this, then NO company would be able to make a profit; it would go to the government. This would be a step in the direction of communism, which I believe is her real agenda ultimately.
2007-07-24 11:30:14 · answer #7 · answered by Anonymous · 5⤊ 3⤋
You're exactly right!
She should take a lesson from Bush and Cheney. I mean, they are solely interested in our country and NO profit whatsoever. They are only interested in our freedom and no oil!
2007-07-24 11:45:11 · answer #8 · answered by Summer 4 · 0⤊ 2⤋
Because that is what socialist do. She is doing and wants to do more of the same things that Hugo Chavez is doing. Maybe she will get her wish and get congress to vote her in as President forever (if she wins the white house).
2007-07-24 11:40:44 · answer #9 · answered by Mother 6 · 2⤊ 2⤋
I think the oil industry should count their blessings, that something that national security depends on hasn't been nationalized.
And when you are spending our tax dollars sending troops to provide security for their wells, it is only common sense, that they shouldn't get the service for free. And if you argue, that it hasn't been happeneing for decades, it only shows how little you actually know about the oil industry.
now that you are done attempting to explain what oil companies do and do not acquire in profit mqargin, which is closer to 14%, after you average them. sometimes they may be lower, sometimes higher. try adding the fact that most of them are also refiners, whose profit margins are even higher.
have you even bothered to read a stockholder's report on any of the larger ones??
your comment, and the thumbs down ratings, only goes to show how little people actually know what occurs in the oil/fuel industry.
2007-07-24 11:31:09 · answer #10 · answered by avail_skillz 7 · 1⤊ 6⤋