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Just saw a slide that said Libya taxes oil at 98%.

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Arctic Dave Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-19-11 09:24 PM
Original message
Just saw a slide that said Libya taxes oil at 98%.
Is this a factor for our involvement? If government changes and lowers taxes how will you view our involvement?
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DURHAM D Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-19-11 09:25 PM
Response to Original message
1. Link please.
Taxes who for what?

We buy very very little of their oil. Italy buys 30% - the rest goes to other European countries and China.
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Arctic Dave Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-19-11 09:29 PM
Response to Reply #1
3. Sen. Bill Wielokowski was giving an interview on Moore up North.
Was a slide from Chevron
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cutlassmama Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-19-11 09:28 PM
Response to Original message
2. Oil is the reason, but I don't think taxes have anything to do with it.
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Arctic Dave Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-19-11 09:32 PM
Response to Reply #2
6. Would the world bodies care if the oil was cheaply taxed.
Meaning, the oil corps would make much larger profits. Would they allow the cart to be upset, much like Bahrain.
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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-19-11 09:29 PM
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4. What a shining example. Can we do it, too?
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joshcryer Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-19-11 09:35 PM
Response to Reply #4
7. It's called nationalized oil, and all the big states do it.
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Arctic Dave Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-19-11 09:38 PM
Response to Reply #7
9. All states tax their oil exploitation, Libya is close the top.
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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-19-11 11:53 PM
Response to Reply #7
10. Oh, that. I've been insisting on that for years.
Energy is too vital to the national security and economy to be left in greedy, capricious, "private" hands.
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joshcryer Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-19-11 09:30 PM
Response to Original message
5. It still sells at market rates.
WTF is this trying to imply.
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Arctic Dave Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-19-11 09:35 PM
Response to Reply #5
8. It means that what ever the price the oil is sold at Libya gets 98%
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