Bush lied???!!!

I do not think that anyone would denie the oil industry a resonable profitt but when the profits become colossal as compared to other niccesities they should be CONTROLLED or limited at least. Don't tell me about "free interprise", if they were loosing their a@#$'s they would be all over the halls at washington looking for relief.
In Alabama it is against the law to raise prices more than, I believe it is, 25% during an emergency situation. Matter of fact the Attorney General is presently persuing a suit against several alabama gasoline stations for gouging during and after Katrina. There is no difference on a national scale.
 
a resonable profit
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And what, pray tell, is a "reasonable" profit? Specifically? Is it 10%, 50%, 100%? And to whom should the "excess" (unreasonable) profit be returned? The Federal Government? The State Government?

Here is a better idea that will really punish those dastardly oil companies, and stop them from making "too much" of a profit: Impose a 600% federal tax on gasoline and heating oil. This will prevent that excessive profit, because when a gallon of gas costs you $10.00, I'll bet that you drive a whole lot less and use much less gasoline. Less demand = less consumption = less profit for greedy oil companies. And bam! No more problems with excessive profit and/or "corporate greed." Same thing with heating oil: when it costs $1200.00 per month to heat my small house, I'll keep that thermostat down. I'll have to live in a 60 degree house, but at least those darn greedy oil companies won't be making too much profit. And if the oil companies go out of business....well, we'll worry about that later.

I suppose that GM make a reasonable profit last year, right? :D :p
 
A reasonable profit is just that, reasonable as compared to others of the same nature (lack of a better word). Any excess would be returned to those who were gouged to start with.:)
I also see in the news that there is an ongoing investigation into the dramatic rise in the cost of natural gas.:mad: But I guess its OK for them to want some of it too.
Oh, by the the way, I believe that GM, as did Ford, lost money last year even after laying off thousands. Thats why the stock is listed as junk. :D And this was because of "free enterprise", better stated as foreign competition (Toyota, Honda, and others), but remember that they were perhaps guilty of a lot of gouging themselves back in the '80's.:( I bought a New Chevrolet 4x4 pickup in 1978 for $8000.00, (Quit driving chevs after more than 20 years because of that truck) my new Ford F150 cost $40000, :eek: tickled to death with it would not have nothing else. :D
 
The "Bush Lied" scam

is purely political straw clutching by terrorists and their supporters. The Dimocrats picked up the scam for revenge because Bill Clinton was proven to be a liar and impeached.

All one has to do is study the history of Clinton's, Gore's, Kerry's and other Dimos statements on the subject of Iraq WMD before Bush stepped in.
 
Big oil companies don't set the prices at which they buy their products, but they sure as hell set the prices at which they sell their products, unlike farmers. Exxon-Mobile raped the American people last year and continue to do so. Unreasonable profits are nothing more than scamming the consumer. Exxon-Mobile, having no extraordinary investments last year, nevertheless posted the largest profits by any corporation in the history of the U.S. That's obscene.
 
Had to go over to the race track at Talladega to pay for my tickets to the october Nextel cup race and had a brain storm.:rolleyes: I was thinking about some of the questions that Femmer proposd and here is the solution.
Tie profits to the Dow:D ---dow up 10% profits allowed to rise to say 20%. Profits means after cost and because even "low" math states any percentage of nothing is still nothing, we would see some real movement to get every thing going and we would all prosper.:)

Hey okie, glad you joined in. Didn't know ole slick will was impeached, *@#$, I thought he won that fight.:( And am particularly pleased to see that you think ole clinton, gore and whoever couldn't be wrong, either.:barf:
 
Didn't know ole slick will was impeached,
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"Impeached" only means that charges were filed against him.

http://en.wikipedia.org/wiki/Impeachment

Big oil companies don't set the prices at which they buy their products, but they sure as hell set the prices at which they sell their products, unlike farmers. Exxon-Mobile raped the American people last year and continue to do so. Unreasonable profits are nothing more than scamming the consumer. Exxon-Mobile, having no extraordinary investments last year, nevertheless posted the largest profits by any corporation in the history of the U.S. That's obscene.
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Well the problem here is that all these talks of legislation to prevent "price gouging" are hitting the retailers harder than anything else. This despite the fact that drilling companies, refineries, and distributors all work on much, much higher profit margins than the retailers yet the guy down the street that owns the local Shell would be made to lose money because he wouldn't be allowed raise his prices to keep a profit margin yet the profit margins of the oil companies are rarely affected.

Add to that the tax benefits they get from their buddies in office as well as being allowed to lie (thanks Sentor Stevens you worthless pile of scum!) about what they do and it makes sense that people would want to limit their profits. At the very least they shouldn't be getting tax breaks...
 
All I have to do is look at my tax break and compare it to my gasoline and energy bill and I am very willing to give up my tax break.
The gas stations and such are getting the heat because they are the little guy in the crowd. But it was not them who made the unprecedented profits.
 
Anyone who thinks that Exxon/Mobil's profits are "obscene" should buy the company's stock. That's right, Exxon/Mobil is a public company and you can get your very own slice of those "obscene" profits - it's not an exclusive deal for "Bush and his oil buddies."
 
You want outrageous profits? I can't believe know one has mentioned the fact that no govt entities, state or federal has put a moratorium on, or even scaled back the gas taxes. Anywhere from .25 to .60 cents a gallon. Also if oil companies were allowed to drill some new holes closer to home, or say build some new refineries they wouldnt make so much. "Yeah mr. oilman, you aint allowed to do any exploration, or build new facilities. But by god you better not make any more money than you did before" Good plan huh? E.
 
That would not have been the case if there truly was a fear that the Iraqis might be capable of building atomic bombs, since they might hurry up and build them.
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And yet thats exactly what we have been doing for a long time now with Iran. They have already admitted to what now?
 
"Judging from Exxon/Mobile's profits last year"

They were only middle of the road compared to other industries when calculated as a percentage of their investment. <shrug>

IIRC, today's Washington Post showed the oil industry with earnings running about 8% or a little higher.

John

edited to add: It was 8% for 3rd quarter '05 earnings

pharmaceuticals 18.5
banks 18.0
semiconductors 14.1
household products 11.4
telecomm 9.1
food, beverage 8.5
oil, natural gas 8.0
ALL INDUSTRIES 6.8
utils 6.5
media 5.4
insurance 2.8
transportation 0.2
 
but when it says "oil industry" does that limit it to the drillers, refineries, and distributors which all work on very high profit margins or does that add in the meager profit margins of the actual retailers that are hurt the most by price gouging laws to lower the average?
 
I disagree, America's economy is strong and robust! The media puts a negative view on corporate America. People in general are doing as good as ever. If one looks at a typical newspaper, everything is falling apart and America is committing acts of social injustice daily. If anything hurts America financially it is high taxes and too many entitlement programs.
 
How about operating on credit???? THE DEFICIT, DUMMY!
Does that hurt the country, or is it just a figment of the liberal newsmedia.:D
 
Tax breaks are great!

Bush needs to learn the fine art of the veto.

Ronald Reagan had a special pen he called his "Vetoing Pen"

Bush, it's not the governments money, it's the working peoples money your spending!
 
Why?

Iraq had announced that they would only be taking euros for thier oil just like Iran has announced they will starting in March. It's not nice to go against the Federal reserve or the world bankers. Lincoln and JFK were wanting to do the same. Get the pattern? Syria and Saudi Arabia are thinking about it. They had to keep the dollar propped up. The WMD's turn out to be a change in currency.
 
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