[lit-ideas] Re: global luke-warming
- From: Eric Yost <eyost1132@xxxxxxxxxxxxx>
- To: lit-ideas@xxxxxxxxxxxxx
- Date: Sat, 15 Apr 2006 15:48:55 -0400
Eric, how do you explain the record breaking profits of the oil industry
during Katrina and now? They earn $75,000 per minute in profits. How do
you explain it?
What do you mean how do "I" explain it? I'm
posting contrary positions to see how they are
explained by others. I'm not doing any explaining,
just questioning. To me it looks like we're all
hostages to corporations.
Here, for example, is how Forbes explains oil
profits and big oil's need to horde them.
In a sense, America should be happy to see those
profits; they imply that America's energy supply
system is efficient. If Big Oil wasn't making
money in a time of record energy prices, then we'd
really have a problem.
[BUT bad guys like Hillary want windfall profits
tax, etc.]
A windfall profits tax on the oil industry would
be a disaster to America's long-term energy
health. It would give companies big incentive to
simply reduce investment in gas-guzzling America
and instead focus on getting oil and gas to the
fast growing populations of China and India. And
what happens if and when the oil patch goes bust?
Will taxpayers then subsidize Chevron's....
http://www.forbes.com/business/2005/10/28/exxon-chevron-oil-cz_ch_1028windfall.html
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