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Whether you support the gas tax holiday or not, gas companies are surely hoping we do nothing at all

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bigtree Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-04-08 11:03 AM
Original message
Whether you support the gas tax holiday or not, gas companies are surely hoping we do nothing at all
And, they're hoping we buy into the argument that there's nothing we can do to penalize the seemingly responsibility-free profit-taking from the oil giants who are raking in our cash and doing next to nothing to solve even the problems they say are responsible for high prices. The refinery excuse is laughable. They just want to ease the regulations that prevent these refineries from setting up shop where people are supposed to live, work, and breathe without any accountability for their pollution. The 'demand' argument is valid, up to the point where someone tries to claim that these poor oil companies are just too swamped and running out of oil to do anything to help lower the price.

The obvious remedy for the obscene profit-taking is to demand that the companies do something to alleviate the problems they claim led to the high prices for gas and oil. But, just building refineries won't cut it. This is outright thievery by the oil giants. And those who correctly argue that we need to adopt long-term strategies for reducing our reliance on oil need to also come to grips with the exploitation which will just worsen if we just address conservation alone.

We need a comprehensive plan to address the profit-taking which puts the oil giants on notice that Americans are fed up with turning over our hard-earned tax dollars to subsidize an industry which is getting fat from the contributions we've been conned out of, and, in the face of our timidity in refusing to confront the profit-takers at the source and demand they either reinvest or contribute some of the money we spend at their stations in an effort to bring the gas prices down to manageable levels.


But, whatever we're contemplating doing, you can be certain the oil companies will object, and will use EVERY lever they can get their hands on to influence us away from actually holding them accountable. But, I believe we will never see any movement from the industry until we extract some of their life-blood; the money we just fork over at their pumps and the money we fork over in tax subsidies and preferences.

They really like all of the pussyfooting around on this issue. They must especially like the attack on Hillary Clinton's plan for a gas tax holiday, because she's calling for paying for it by imposing a tax on windfall profits. But, I don't believe there will be ANY real movement from these companies until we threaten their unearned money; at the pump and Congress. We should be demanding this. No one should be allowed to talk us down from demanding an end to the profit taking with some mealy-mouthed timidity
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MercutioATC Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-04-08 11:13 AM
Response to Original message
1. Actually, they'd LOVE a gas tax holiday.
It would give them the ability to keep gas prices stable while making an extra 18 cents per gallon.

Realistically, that's what would happen. Under pressure, they might give back half of that (drop prices 7-8 cents per gallon), but that would STILL be a taxpayer-provided bonus to the oil industry of roughly 5 BILLION dollars.

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Quixote1818 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-04-08 11:18 AM
Response to Original message
2. Oil Companies would LOVE the gas tax reduction. It would increase consumption
and their profits would soar! Then we would have even less gas on hand at the end of the summer and prices would skyrocket!!!!

It's the dumbest thing I have ever heard. Not to mention, with increased consumption comes increased greenhouse gasses. What a fucking disgusting, pandering piece of crap idea for Hillary to grab onto. She disgusts me more and more these days.
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SemiCharmedQuark Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-04-08 11:27 AM
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3. They would adore a gas tax holiday because they know a windfall tax would *never* get passed
People's consumption would remain exactly the same and they wouldn't suffer at all.
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stray cat Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-04-08 11:34 AM
Response to Original message
4. More gas consumption and a chance to increase profits - I suspect their in favor of their holiday!
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Exilednight Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-04-08 11:37 AM
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5. Vote FOR the Gas Tax Holiday. We're Shell, Exxon-Mobil, and Chevron, and we approve this message.
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grantcart Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-04-08 11:39 AM
Response to Original message
6. Gas tax holidays don't repeal the law of supply and demand
price is not set by cost

reducing cost will not reduce price

eliminating the tax will simply increase Oil profits


The only reason an oil company would be against it is that it will so significantly increase their profits that it will bring even more political scrutiny and political backlash.


Even Hillary's own experts have panned this as an idiotic idea.
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Chisox08 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-04-08 11:44 AM
Response to Original message
7. I wouldn't put it pass the oil companies
to raise gas prices higher then what the gas tax would have been. In order to make a little extra profit. That $.30 a day that you would have been saving will turn in to $.60 a day you will be paying for gas.
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