TitanTiger 20,510 Posted March 11, 2022 Share Posted March 11, 2022 10 minutes ago, PUB78 said: Oh Icky. Don’t you realize that most of us post on this forum for fun? You , Homer, Cole, Coffee and Fifty are never going to change my mind on any main issues that separates conservatives from liberals. I don’t expect to change any of your minds either. I get a kick out of throwing in a grenade and seeing what the response/reactions are from our “progressive” posters. That's not what this forum is for. If that's your purpose here, then the Political Smack Talk forum is where you belong. If you can't seriously discuss issues and can never have your mind changed, then simply don't post here. If you persist in that sort of posting, you won't have a choice in the matter. 1 1 Link to comment Share on other sites More sharing options...
icanthearyou 4,463 Posted March 11, 2022 Share Posted March 11, 2022 (edited) 1 hour ago, PUB78 said: Oh Icky. Don’t you realize that most of us post on this forum for fun? You , Homer, Cole, Coffee and Fifty are never going to change my mind on any main issues that separates conservatives from liberals. I don’t expect to change any of your minds either. I get a kick out of throwing in a grenade and seeing what the response/reactions are from our “progressive” posters. Why? Anyone who will not change their mind is a fool. Edited March 11, 2022 by icanthearyou Link to comment Share on other sites More sharing options...
homersapien 11,440 Posted March 11, 2022 Share Posted March 11, 2022 3 hours ago, icanthearyou said: I agree with raising taxes on the wealthiest .25%. Other than that NO. The vast majority already pay enough taxes, even if they pay no income tax. Meanwhile, some of the wealthy pay capital gains and no employment taxes. The governed are getting angry. Do you agree with the general proposition we need to reduce our consumption/dependence on Petroleum? If so, then how should we do that? Link to comment Share on other sites More sharing options...
homersapien 11,440 Posted March 11, 2022 Share Posted March 11, 2022 (edited) 31 minutes ago, PUB78 said: Oh Icky. Don’t you realize that most of us post on this forum for fun? You , Homer, Cole, Coffee and Fifty are never going to change my mind on any main issues that separates conservatives from liberals. I don’t expect to change any of your minds either. I get a kick out of throwing in a grenade and seeing what the response/reactions are from our “progressive” posters. In other words, you have nothing serious - or even worthy of consideration - to contribute. You're simply a mindless troll. As such, you should at least confine yourself to the "trash talk forum". It was created for such posts. Edited March 11, 2022 by homersapien Link to comment Share on other sites More sharing options...
icanthearyou 4,463 Posted March 11, 2022 Share Posted March 11, 2022 1 minute ago, homersapien said: Do you agree with the general proposition we need to reduce our consumption/dependence on Petroleum? If so, then how should we do that? Stop subsidizing the oil industry. Stop allowing depletion deductions. Seems that would be more efficient than creating another tax. 1 Link to comment Share on other sites More sharing options...
homersapien 11,440 Posted March 11, 2022 Share Posted March 11, 2022 (edited) 18 hours ago, icanthearyou said: Stop subsidizing the oil industry. Stop allowing depletion deductions. Seems that would be more efficient than creating another tax. Well, I certainly agree with eliminating subsidies which are totally counterproductive to the goal of reducing consumption. But I consider that as corollary measure to raising taxes. And I don't see how these steps would reduce consumption. Furthermore, prices would go up anyway, as oil companies increased prices and/or production to make up for loss of said subsidies on their balance sheets. Don't see how that would help the disadvantaged. Edited March 12, 2022 by homersapien Link to comment Share on other sites More sharing options...
icanthearyou 4,463 Posted March 11, 2022 Share Posted March 11, 2022 24 minutes ago, homersapien said: Well, I certainly agree with eliminating which is totally counterproductive to the goal of reducing consumption. But that's a corollary measure to raising taxes. And I don't see how these steps would reduce consumption. Furthermore, prices would go up anyway, as oil companies increased prices and/or production to make up for loss of said subsidies on their balance sheets. Don't see how that would help the disadvantaged. A reduction in subsidies will create higher prices without the associated bureaucracy of another tax. So, higher price, lower consumption. In addition, it will create a relatively lower cost for alternatives. Link to comment Share on other sites More sharing options...
PUB78 1,362 Posted March 11, 2022 Share Posted March 11, 2022 1 hour ago, TitanTiger said: That's not what this forum is for. If that's your purpose here, then the Political Smack Talk forum is where you belong. If you can't seriously discuss issues and can never have your mind changed, then simply don't post here. If you persist in that sort of posting, you won't have a choice in the matter. Wow! You are such a tough guy behind a computer screen. I will self monitor myself in the future. 1 2 1 Link to comment Share on other sites More sharing options...
icanthearyou 4,463 Posted March 11, 2022 Share Posted March 11, 2022 1 hour ago, PUB78 said: Wow! You are such a tough guy behind a computer screen. I will self monitor myself in the future. You can't write this stuff!!!! Nice. Link to comment Share on other sites More sharing options...
TitanTiger 20,510 Posted March 12, 2022 Share Posted March 12, 2022 6 hours ago, PUB78 said: Wow! You are such a tough guy behind a computer screen. I will self monitor myself in the future. Not about being tough. It’s literally the rules of the forum. I’m just reminding you of them. 1 Link to comment Share on other sites More sharing options...
DKW 86 7,440 Posted March 12, 2022 Share Posted March 12, 2022 (edited) 8 hours ago, icanthearyou said: Why? Anyone who will not change their mind is a fool. You do realize that you just called half of the Political Forums fools right? Edited March 12, 2022 by DKW 86 Link to comment Share on other sites More sharing options...
keywest 138 Posted March 12, 2022 Share Posted March 12, 2022 On 3/8/2022 at 10:41 AM, autigeremt said: I know it's in another topic but for clarity sake here's a pretty good breakdown of the oil price/fuel price issues we are seeing. I don't want to give up my boat pulling truck for a high priced, mileage restricted electric alternative just yet but there's some smarts in this article. No President - American or Otherwise - Controls the Price of Petroleum (substack.com) Biden cancelled 9,000 oil leases his FIRST day in office! Without question a President can 100% effect oil prices from policy and we are seeing it first hand. Remember, we have 3 more years remaining of this idiots policies driving up inflation and next to follow will be interest rates. Link to comment Share on other sites More sharing options...
keywest 138 Posted March 12, 2022 Share Posted March 12, 2022 8 hours ago, homersapien said: Well, I certainly agree with eliminating which is totally counterproductive to the goal of reducing consumption. But that's a corollary measure to raising taxes. And I don't see how these steps would reduce consumption. Furthermore, prices would go up anyway, as oil companies increased prices and/or production to make up for loss of said subsidies on their balance sheets. Don't see how that would help the disadvantaged. You do realize the oil industry has the lowest profit margin of ANY sector of business due to taxation? 1 Link to comment Share on other sites More sharing options...
icanthearyou 4,463 Posted March 12, 2022 Share Posted March 12, 2022 13 minutes ago, keywest said: Biden cancelled 9,000 oil leases his FIRST day in office! Without question a President can 100% effect oil prices from policy and we are seeing it first hand. Remember, we have 3 more years remaining of this idiots policies driving up inflation and next to follow will be interest rates. True he has stopped leases on federal lands but, that is not the complete picture. Unless of course you are in an echo chamber. https://news.yahoo.com/us-oil-and-gas-permitting-has-increased-under-biden-data-show-223504727.html?fr=sycsrp_catchall Link to comment Share on other sites More sharing options...
icanthearyou 4,463 Posted March 12, 2022 Share Posted March 12, 2022 2 hours ago, DKW 86 said: You do realize that you just called half of the Political Forums fools right? People are what they are. If your mind cannot be changed, you have ceased thinking. You do not care about anything other than your beliefs. When new information, facts, no longer matter, your intellect is turned off. In a dynamic world that is foolish. A society of such people will be useful but, they will not be free. 1 Link to comment Share on other sites More sharing options...
TexasTiger 13,006 Posted March 12, 2022 Share Posted March 12, 2022 2 hours ago, keywest said: You do realize the oil industry has the lowest profit margin of ANY sector of business due to taxation? Link? Link to comment Share on other sites More sharing options...
keywest 138 Posted March 12, 2022 Share Posted March 12, 2022 9 hours ago, icanthearyou said: True he has stopped leases on federal lands but, that is not the complete picture. Unless of course you are in an echo chamber. https://news.yahoo.com/us-oil-and-gas-permitting-has-increased-under-biden-data-show-223504727.html?fr=sycsrp_catchall 9,000 oil lease ENDED day one because of Biden, spin however you wish but this is a FACT! Link to comment Share on other sites More sharing options...
keywest 138 Posted March 12, 2022 Share Posted March 12, 2022 6 hours ago, TexasTiger said: Link? Common knowledge in the stock trading world, do you OWN research. This is the problem with leftist, they have zero real world knowledge/understanding of financials 1 Link to comment Share on other sites More sharing options...
TexasTiger 13,006 Posted March 12, 2022 Share Posted March 12, 2022 1 hour ago, keywest said: Common knowledge in the stock trading world, do you OWN research. This is the problem with leftist, they have zero real world knowledge/understanding of financials Low profit margins exist for various reasons. You claimed it was due to taxation— make that concrete case with facts or stay on the smack forum. Here’s my research: https://www.investopedia.com/articles/07/oil-tax-break.asp When it comes to tax-advantaged investments for wealthy or sophisticated investors, one commodity continues to stand alone above all others: oil. With the U.S. government's backing, domestic energy production has created a litany of tax incentives for both investors and small producers, and oil is no exception. KEY TAKEAWAYS Several major tax benefits are available for oil and gas companies and investors that are found nowhere else in the tax code. Tangible costs, which pertain to the actual direct cost of the drilling equipment are 100% deductible but must be depreciated over seven years. Intangible drilling costs generally constitute 65-80% of the total cost of drilling a well and are100% deductible in the year incurred. Lease operating costs and all administrative, legal, and accounting expenses can also be deducted over the life of the lease. 1 Link to comment Share on other sites More sharing options...
homersapien 11,440 Posted March 12, 2022 Share Posted March 12, 2022 18 hours ago, icanthearyou said: A reduction in subsidies will create higher prices without the associated bureaucracy of another tax. So, higher price, lower consumption. In addition, it will create a relatively lower cost for alternatives. Sounds good in theory, but I would have to know what the value of those subsidies are before I would concede eliminating them would be equivalent in effect to raising taxes. (And I suspect the "bureaucratic costs" of increasing taxes are negligible in this calculation.) But again, I think we should do both - eliminate subsidies (obviously) and increase taxes. Finally - if one accepts that subsidies are a reasonable way to effect economic policy for the common good - the increased revenue could be used to subsidize the "green" energy technologies or at least fund basic research in "green" energy. Link to comment Share on other sites More sharing options...
homersapien 11,440 Posted March 12, 2022 Share Posted March 12, 2022 (edited) 11 hours ago, keywest said: Biden cancelled 9,000 oil leases his FIRST day in office! Without question a President can 100% effect oil prices from policy and we are seeing it first hand. Remember, we have 3 more years remaining of this idiots policies driving up inflation and next to follow will be interest rates. Actually, those cancellations were rescinded in court (further illustrating the POTUS's lack of power): https://www.reuters.com/business/sustainable-business/biden-gets-climate-win-with-court-loss-gulf-mexcio-oil-leases-2022-01-28/ In fact, Biden is approving more oil leases at a higher rate than Trump: https://www.washingtonpost.com/politics/2021/12/06/biden-is-approving-more-oil-gas-drilling-permits-public-lands-than-trump-analysis-finds/ And for your information, it takes literally years before a new lease results in more oil, if it ever does. https://www.eenews.net/articles/just-how-much-oil-can-the-u-s-pump/ I suggest you do a little more critical thinking and research before calling anyone an "idiot", much less the president. Edited March 12, 2022 by homersapien 2 Link to comment Share on other sites More sharing options...
icanthearyou 4,463 Posted March 12, 2022 Share Posted March 12, 2022 1 hour ago, keywest said: 9,000 oil lease ENDED day one because of Biden, spin however you wish but this is a FACT! Yes, but one fact is not the totality of truth. Asserting otherwise makes you a liar. 1 Link to comment Share on other sites More sharing options...
homersapien 11,440 Posted March 12, 2022 Share Posted March 12, 2022 11 hours ago, keywest said: You do realize the oil industry has the lowest profit margin of ANY sector of business due to taxation? What does that have to do with anything I have posted on this thread? Link to comment Share on other sites More sharing options...
icanthearyou 4,463 Posted March 12, 2022 Share Posted March 12, 2022 11 hours ago, keywest said: You do realize the oil industry has the lowest profit margin of ANY sector of business due to taxation? The oil industry has always suffered under the extreme weight of an oppressive government. Their struggle is our struggle. They are victims of a society that does not value their sacrifices and contributions. I just want to know where to send my charitable gift. I want to help before it is too late. 1 Link to comment Share on other sites More sharing options...
I_M4_AU 7,987 Posted March 12, 2022 Share Posted March 12, 2022 12 hours ago, DKW 86 said: You do realize that you just called half of the Political Forums fools right? What’s more egregious is Ichy just call him/herself a fool. Link to comment Share on other sites More sharing options...
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