Thread: Senate Democrats seek to tax oil companies
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Old 05-09-2008, 08:20 AM
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Quote:
Originally Posted by Michael View Post
Gas price hikes driven by California refinery shutdowns

The Raw Story | Gas price hikes driven by California refinery shutdowns

It is the old Enron tactic of shutting down facilities for alleged repairs inorder to drive the prices upward. The free market capitalism argument to promote the oil industry's cause does not cover price gouging tactics.

And what this information doesn't mention is that there was a proposal to eliminate all subsidies to oil corportations that were breaking all records for profits when the last Energy Bill was passed. The Senate Republicans lined up to block this. Then if you check the campaign contributions that got these guys elected, guess who is bribing them for their votes.

Senate Republicans have proven themselves to be corporate prostitutes. They all need to be voted out of office so the status quo of Bush Republicans selling out the federal government wholesale to billionaire corporations stops.

The subsidies need to be eliminated. The arguments here for the oil companies based on free market capitalism does not cover subsidies and tax breaks. They are also drilling on public lands and paying NO lease.

And previously I mentioned the fact that Exxon quit paying for the Valdeze oil spill and taxpayers had to foot most of the bill while their lawyers (legal prostitutes money could buy) tied up law suits for damages in court for 20 years.
As long as people keep voting for Democrats and Republicans, it's going to be nothing but status quo for the foreseeable future.
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