We will discuss the actions of those in power and how it affects us all, looking for your simular as well as different thoughts on like subjects. I look forward to hearing your opinoins. Harry S.
Hundreds would lose jobs.
Published on May 5, 2008 By Harry_S In US Domestic

The proposed GAS TAX RELIEF is more fluff than help.  The figures for the basic consumer, not truck drivers or companies that drive many miles, range from $30 to $70 during the proposed summer break would not help the average consumer, I know, every little bit helps.

Let's look at the big picture. The state highways are the big reciepent of most of these funds and one governor has said that his state, and it is a sparcely populated one, would lose approximately 60 million dollars just during that short time and would have to require hundres of lay offs not to discuss the work that would be stopped on our highway and road system, and we all know the present condition of our infrastructure, not good for those of you that don't know.

Now Senator Clinton has suggested that the Oil Companies pay these fees to keep the above problem from occurring, but we all know that is a very tough sell, but who better to pay it than those that are totally abusing us while making ungodly profits. If Big Oil is not going to pay it we are better off not to do it.

There is a solution and I saw it last week on TV. It was two brothers that had a toyota Prius and they had added a large battery system and the car ran on both gas and electric and got in excess of 100 miles to the gallon. That is right 100 miles per gallon. The system cost them $3000 to put together and they also put one in their parents car and it also got  the same mileage 100 miles gallon. They built these two at home in their garage. SOOOO the technology is their and if a company wanted to mass produce them the cost would drop to 1/2 or less. It Can be done and is being done but again Big Oil  pays for it not to happen.

We import 70% of our oil and they say that 70% of that is used directly for transportation so if just 20 % of the cars on the road increased their milage by say 500% (20 miles per gallon to 100 miles per gallon) we would see a tremendous decrease in the use of foreign oil and isn't that what we are suppose to do.

Henry Ford invented the combustible engine almost 100 years ago and the origional model T got 25 miles to the gallon and also ran on ethenol, so there has been no improvement in the past 100 years, I call bulshit.

It is time for big business to step up to the plate and start acting responsibly and do the right thing, the time is here and the time is now.

Harry S


Comments
on May 05, 2008

It Can be done and is being done but again Big Oil  pays for it not to happen.

Can you cite some sources to back that claim up?

I don't think any of the candidates offer this tax relief as a permanant solution, just to help out a bit.  I think the people who should pay for it are the politicians and their pork spending on highway bills.

 

on May 05, 2008
It is fluff. But you are wrong. The profits are not "ungodly". The oil COmpanies are making a return of 7%. Pretty good, but not extravagant. They make so much because their revenue is so high. $40b of profit on revenue of $600b (not even that big when you consider the size of the feds budget is pushing 3trillion!) is 7%. You cannot expect them to make millions when it is costing them billions to stay in business.

What is ungodly is the math skills in this country along with the demagoguing going on by the twerps running for president. Think about it. Would you risk everything (meaning you could lose all your investment) if someone told you that you could make 7 cents on the dollar?

They do every day.
on May 05, 2008

Are you sure that the profit is not 40 billion per quarter and that is closer to 35% return according to your calculations?

on Aug 20, 2008

This boils down to basic supply and demand: lowering prices temporarily will only increase demand, which ends up driving up the price. Then, after the tax comes back, the price will be higher than before.

on Aug 21, 2008

This boils down to basic supply and demand: lowering prices temporarily will only increase demand, which ends up driving up the price. Then, after the tax comes back, the price will be higher than before.

Give the guy a cookie!