What can be done to lower the cost of gas?

[JohnnyBz00LS]

Wrong. Brazil's oil independence is due to the fact that they produce more barrels of oil offshore than they currently use. Period.

http://www.voanews.com/english/2006-04-22-voa23.cfm

Typical misdirection tactics by the left.

Uh, ya. Oil PRODUCTION > CONSUMPTION = Oil INDEPENDANCE. Duh.

The QUESTION is WHY/HOW did they get into that situation?

The ANSWER is consumption of oil has been displaced by use of ethanol.

WHERE is the "misdirection"?? Must you always blame the "left" for everything YOU don't understand?

You really should try reading stuff OTHER than from that liberal-hate site newsmax.com. The brainwashing job it's done to your brain is exposing itself a little more each day.

 

[MrWilson]

COOL! We could have a free gas day and have all of LVC line up to fill up thier tanks.

forget that son, we will cut it in two, you take one half, and ill take the other half. Im sticking that sob in my garage! Since no one else wants to help....we keep all the spoils!

 

[fossten]

Uh, ya. Oil PRODUCTION > CONSUMPTION = Oil INDEPENDANCE. Duh.

The QUESTION is WHY/HOW did they get into that situation?

The ANSWER is consumption of oil has been displaced by use of ethanol.

WHERE is the "misdirection"?? Must you always blame the "left" for everything YOU don't understand?

You really should try reading stuff OTHER than from that liberal-hate site newsmax.com. The brainwashing job it's done to your brain is exposing itself a little more each day.

Read the article. I know it has words with more than one syllable in them, but you can do it. Get your mom to help you if necessary.

http://www.voanews.com/english/2006-04-22-voa23.cfm



Reprinted from NewsMax.com

Wednesday, April 26, 2006 8:57 a.m. EDT
Gov't Gas Taxes Exceed Oil Company Profits


While the media continues to blame the big oil companies for gouging U.S. motorists as they collect record breaking profits, the windfall profits raked in by the government in the form of energy tax revenue actually dwarf the oil companies' jackpot.

The press sounded the alarm last year when the largest U.S. oil company, ExxonMobil Corp, announced profits of $36 billion. But according to the Tax Foundation, the biggest price gouging profiteer was the U.S. government, cashing in to the tune of $54 billion in oil and gas taxes.

"Tax collections on the production and import of gasoline by state and federal governments are already near historic highs," the think tank says. "In fact, in recent decades governments have collected far more revenue from gasoline taxes than the largest U.S. oil companies have collectively earned in domestic profits."

Since 1977, federal and state governments have collected more than $1.34 trillion in gasoline tax revenues in inflation adjusted dollars. That's "more than twice the amount of domestic profits earned by major U.S. oil companies during the same period," the Tax Foundation says.

Still, despite government tax gouging on oil industry revenue, Democrats like Sen. Charles Schumer want to raise energy taxes even more - complaining that oil company profiteering is simply just unconscionable.

To read more about how the government has become America's number one oil profiteer, go to: http://taxprof.typepad.com/taxprof_blog/2005/10/gas_taxes_excee.html

 

[JohnnyBz00LS]

Actually, Brazil isn't quite there yet (from your link):

Petrobras says that when the huge new P-50 oil rig is producing at full capacity six months from now, Brazil's oil production will average 1.9 million barrels a day, slightly more than the nation's average daily consumption of 1.85 barrels a day.

Even then, they'll barely be producing more than they consume.

97silverlsc's assertion remains undisputed. Had it not been for the development of ethanol fuel and vehicles over the last several years, Brazil would not be on the verge of oil independance, even when this new rig is at full capacity. I'll concede that the new rig also contributes to their independence, but it doesn't get them there all by itself as you claim.

 

[97silverlsc]

Read the article. I know it has words with more than one syllable in them, but you can do it. Get your mom to help you if necessary.

Who's misdirecting now? Article posted showing you're wrong AGAIN and you change the subject. You really are a pompous fella.

 

[fossten]

Who's misdirecting now? Article posted showing you're wrong AGAIN and you change the subject. You really are a pompous fella.

I admit that you have a point about the ethanol. It appears that we both contributed legitimate reasons why Brazil is becoming oil independent.

Nevertheless, my point stands. If Brazil can do it, why can't we build more oil rigs?

 

[The_Mike]

the problem is that all news has a bias. this argument is pointless. your both getting different figures from different sources. thats the way american press works. they make sh*t up!

how much is gas where everyone is right now? here its 1.19 a litre. someone do the math on that and work out how much per gallon. i know its more. because i often go to the states simply to fill up and come back. i don't know why you guys are complaining so much we have it worse in canada.

 

[fossten]

the problem is that all news has a bias. this argument is pointless. your both getting different figures from different sources. thats the way american press works. they make sh*t up!

how much is gas where everyone is right now? here its 1.19 a litre. someone do the math on that and work out how much per gallon. i know its more. because i often go to the states simply to fill up and come back. i don't know why you guys are complaining so much we have it worse in canada.

I think the reason so many people are complaining is because the price has gone up so dramatically in such a short period of time relative to other decades. People in America have been used to the price increasing gradually and this is a shock to us. At the same time, however, I see your point, and I would like to piggyback another point onto it if I may:

Why isn't everyone in America just as angry about taxes as they are about gas prices? The government is taking quadruple the profits off a gallon of gas that the oil companies get. Heck, what about income taxes? Who's mad at the government?

 

[my95mark8]

Elect a president who is not in the oil business...that will keep the prices down.

 

[fossten]

Elect a president who is not in the oil business...that will keep the prices down.

Well, dang. I had no idea it was that simple. Why don't you explain how that works to the rest of us rubes.

Please enlighten the rest of us - which oil company does Bush run right now? Explain how he is in the oil business. Then explain how Bush is benefiting from the price of gas.

Why don't you account for the correlation between the cost of a barrel of oil and the price of a gallon of gasoline. That is, after all, what your post implies. While you're at it, you can also debunk the correlation between Iran's saber-rattling and the cost of a barrel of oil.

Why don't you also explain why the United States hasn't built an oil refinery in 30 years and how that's affected the price and supply of oil. Also, explain why we aren't allowed to drill for oil anywhere in the lower 48 and Alaska, while Cuba and China are going to drill 50 miles off Florida.