REAL WORLD EVENT DISCUSSIONS

Oil Companies reimbursed for extracting oil?

POSTED BY: ANTHONYT
UPDATED: Wednesday, April 27, 2011 02:52
SHORT URL:
VIEWED: 524
PAGE 1 of 1

Tuesday, April 26, 2011 4:52 PM

ANTHONYT

Freedom is Important because People are Important


http://money.cnn.com/2011/04/26/news/economy/oil_tax_breaks_obama/inde
x.htm?iid=RNM



Hello,

I just read this article, and was surprised to learn that oil companies are reimbursed for extracting oil from their land.

They are also apparently reimbursed for paying fees to other governments who charge them for extracting oil from their foreign lands.

So not only do we pay them for taking out oil here, but we pay them for taking out oil there.

What a remarkable system. It is no wonder why people complain that corporations are treated better than citizens in this country.

Now, apparently, the folks in charge are considering an end to these reimbursements. What a bright idea. I wonder how many other special privileges corporations enjoy when they play the tax game? We need to streamline our tax code and take these special privileges away.

Of course, I'm not sure what incentive the politicians have to do this.

--Anthony


_______________________________________________

“If you are not free to choose wrongly and irresponsibly, you are not free at all”

Jacob Hornberger

“Freedom is not worth having if it does not connote freedom to err. It passes my comprehension how human beings, be they ever so experienced and able, can delight in depriving other human beings of that precious right.”

Mahatma Gandhi

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Wednesday, April 27, 2011 2:52 AM

GEEZER

Keep the Shiny side up


Google "Obama end dependence foreign oil", or change "Obama" to "Bush", "Clinton", "Pelosi", "Gingrich" etc. - you could probably go back to Eisenhower and find the same if his comments were online. That's why there have been targeted deductions and credits (not reimbursements) for the oil industry for quite some time.

Now is just too good a time - politically - to not get in a few shots at the oil industry, what with rising gas prices and the memory of the oil spill still fresh. I expect that shortly it'll go back to "Stop the oil companies from exporting American jobs. End dependence on Foreign oil. " once again.

"Keep the Shiny side up"

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

YOUR OPTIONS

NEW POSTS TODAY

USERPOST DATE

OTHER TOPICS

DISCUSSIONS
Do you feel like the winds of change are blowing today too?
Sat, July 26, 2025 20:40 - 2650 posts
Midterms 2026
Sat, July 26, 2025 19:41 - 182 posts
Trump Is Destroying Everything He Touches
Sat, July 26, 2025 19:28 - 485 posts
human actions, global climate change, global human solutions
Sat, July 26, 2025 18:05 - 1031 posts
In the garden, and RAIN!!! (2)
Sat, July 26, 2025 17:19 - 5699 posts
Illegal Alien Invaders Crimes Thread
Sat, July 26, 2025 16:55 - 1 posts
Ghislaine Maxwell, in prison for sex trafficking, calls meeting Jeffrey Epstein the "greatest mistake of my life"
Sat, July 26, 2025 13:15 - 10 posts
French elections, and France in general
Sat, July 26, 2025 13:15 - 194 posts
Ghosts
Sat, July 26, 2025 13:14 - 79 posts
What our Russians are up to...
Sat, July 26, 2025 12:17 - 32 posts
A.I Artificial Intelligence AI
Sat, July 26, 2025 12:14 - 326 posts
How many years before China is No. 1?
Sat, July 26, 2025 12:02 - 130 posts

FFF.NET SOCIAL