Obama calls for Congress to vote on oil subsidies

[QUOTE="BossPerson"][QUOTE="airshocker"]

What does me being a republican have to do with admitting subsidies are wrong? Of course they're wrong, but we're faced with this: Gas prices will go up if we get rid of them.

mattbbpl

Exactly, the Republican nominee for President has not been fiscally conservative since Barry GoldWater...

[QUOTE="-Sun_Tzu-"]Oil subsidies really don't impact gasoline prices one way or the other. And green energy subsidies are an investment, and since they are an investment obviously there isn't going to be that much of a short-term benefit. But since you brought up electric cars, it's because of federal tax credits that make electric cars affordable to middle class Americans. airshocker

Affordable my ass. :lol:

[QUOTE="Wasdie"]

What people need to realize is that there is no supply and demand for oil in the USA right now. Between the oil speculators and the oil subsidies, people are just getting stupidly rich without having any shred of competition in the market.

Serraph105

to go further in proving you are right about the supply and demand of oil, we actually use less oil now than we did in 07 yet prices are nearly as high as they've ever been.

[QUOTE="airshocker"]

[QUOTE="-Sun_Tzu-"]Oil subsidies really don't impact gasoline prices one way or the other. And green energy subsidies are an investment, and since they are an investment obviously there isn't going to be that much of a short-term benefit. But since you brought up electric cars, it's because of federal tax credits that make electric cars affordable to middle class Americans. -Sun_Tzu-

Affordable my ass. :lol:

[QUOTE="coolbeans90"]

Lowers prices by paying for gas indirectly via taxes, though.

airshocker

Everyone else gets welfare, might as well get some of it for me. xD

Ummm

We need to be better than that.

[QUOTE="-Sun_Tzu-"][QUOTE="airshocker"]

Affordable my ass. :lol:

Serraph105

[QUOTE="Serraph105"]

[QUOTE="Wasdie"]

What people need to realize is that there is no supply and demand for oil in the USA right now. Between the oil speculators and the oil subsidies, people are just getting stupidly rich without having any shred of competition in the market.

BossPerson

to go further in proving you are right about the supply and demand of oil, we actually use less oil now than we did in 07 yet prices are nearly as high as they've ever been.

:? With federal tax credits you can get a Mitsubishi i for as much as a Toyota Camry. Or are Camry's (which are the best selling cars in America) unaffordable as well? -Sun_Tzu-

After googling this thing, I predict the male suicide rate will increase. If this doesn't emasculate you, I don't know what could.

I didn't even know this thing was coming out, thought the only electric cars were still the Volt and the Leaf.

Ummm

We need to be better than that.

coolbeans90

Sigh, you're a beacon of light in a cold, dark world, CB.

[QUOTE="airshocker"]

[QUOTE="coolbeans90"]

B/c two wrongs don't make a right; they both increase the spending level.

coolbeans90

Yet one has a legitimate shot at keeping gas prices down, the other does not.

Lowers prices by paying for gas indirectly via taxes, though.

They shouldn't be subsidised.

But if I'm being honest, I don't know much about it. I don't want gas prices to go up, but alternative energy needs to be a bigger focus. The fact that alternative energy is even being considered when oil companies own at least half the government really speaks to me that they would hurt big oil and benefit us as a nation in the long run.

[QUOTE="coolbeans90"]

Ummm

We need to be better than that.

airshocker

Sigh, you're a beacon of light in a cold, dark world, CB.

We must be men.

[QUOTE="airshocker"]

[QUOTE="coolbeans90"]

Ummm

We need to be better than that.

coolbeans90

Sigh, you're a beacon of light in a cold, dark world, CB.

We must be men.

[QUOTE="coolbeans90"]

[QUOTE="airshocker"]

Sigh, you're a beacon of light in a cold, dark world, CB.

chessmaster1989

We must be men.

How about some of the agricultural subsidies? The U.S. needs all the spending cuts it can "comfortably" afford.

Regarding gas prices, I'm pretty sure (need to get the link again) the U.S. is at its lowest oil consumption in ~11/12 years. The rise in gas prices is mostly a product of oil speculation courtesy of the guys at Goldman Sachs and Wall Street.

wish the subisidies will end, but they never will... because, politics.

Regarding gas prices, I'm pretty sure (need to get the link again) the U.S. is at its lowest oil consumption in ~11/12 years. The rise in gas prices is mostly a product of oil speculation courtesy of the guys at Goldman Sachs and Wall Street.

DroidPhysX

yes but the demand in the rest of the world is rising, especially in highly populated areas like india and china.

point being... USA cant control world oil prices and subsidies to USA oil companies have no effect on world oil prices.

I say end subsidies for oil companies only if you end subsidies for all. Don't pick favorites (GE... cough). Also the oil industry has one of the highest tax burdens. Are you going to eliminate all those taxes too? FYI, the oil companies have some of the lowest profit margins in the economy. But I bet most of you have no clue what the difference is.DevilMightCry

[QUOTE="DevilMightCry"]I say end subsidies for oil companies only if you end subsidies for all. Don't pick favorites (GE... cough). Also the oil industry has one of the highest tax burdens. Are you going to eliminate all those taxes too? FYI, the oil companies have some of the lowest profit margins in the economy. But I bet most of you have no clue what the difference is.DroidPhysX

yea i was gonna call BS, but then god sent me a you.

the way business works is, lower profit margins on high volume sales... oil being the highest volume in sales, thus making their profits being some of the highest of all companies.

[QUOTE="DevilMightCry"]I say end subsidies for oil companies only if you end subsidies for all. Don't pick favorites (GE... cough). Also the oil industry has one of the highest tax burdens. Are you going to eliminate all those taxes too? FYI, the oil companies have some of the lowest profit margins in the economy. But I bet most of you have no clue what the difference is.DroidPhysX

Sounds like a great idea.

[QUOTE="DroidPhysX"]

Regarding gas prices, I'm pretty sure (need to get the link again) the U.S. is at its lowest oil consumption in ~11/12 years. The rise in gas prices is mostly a product of oil speculation courtesy of the guys at Goldman Sachs and Wall Street.

SauceKing

yes but the demand in the rest of the world is rising, especially in highly populated areas like india and china.

point being... USA cant control world oil prices and subsidies to USA oil companies have no effect on world oil prices.

They shouldn't get free money and be making record profits.

But if big oil companies can't make gazillions of dollars then they will raise gas prices out of spite:cry:

But if big oil companies can't make gazillions of dollars then they will raise gas prices out of spite:cry:

EntropyWins