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RE: Obama gets out in front of a crisis - 2/25/2012 12:03:13 PM   
thishereboi


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quote:

Will President Obama go to the strategic reserve?


I think that will depend on whether or not he thinks it will get him more votes.

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RE: Obama gets out in front of a crisis - 2/25/2012 12:05:59 PM   
thishereboi


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quote:

ORIGINAL: DarkSteven


quote:

ORIGINAL: TheHeretic

Here in my neck of the woods, the price of gas has gone up better than 50 cents a gallon in about two weeks.


Rich, it's still about $3/gallon here as of last night. Could the rise be due to taxes at the state/local level?


It's going up in the Detroit area too.

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RE: Obama gets out in front of a crisis - 2/25/2012 12:15:46 PM   
subrob1967


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Status: offline 		I love how Obama bitches about the whopping 4% profit oil companies make on gas, but doesn't mention the 15% tax the federal government makes per gallon... Go figure

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RE: Obama gets out in front of a crisis - 2/25/2012 12:22:07 PM   
SoftBonds


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quote:

ORIGINAL: subrob1967

I love how Obama bitches about the whopping 4% profit oil companies make on gas, but doesn't mention the 15% tax the federal government makes per gallon... Go figure


Quotes from Wikipedia:
quote:


In the United States, the fuel tax receipts are often dedicated or hypothecated to transportation projects so that the fuel tax is considered by many a user fee. In other countries, the fuel tax is a source of general revenue.
The United States federal excise tax on gasoline, as of February 2011, is 18.4 cents per gallon (4.86 ¢/L) and 24.4 cents per gallon (6.45 ¢/L) for diesel fuel.
Then-Secretary of Transportation Mary Peters stated on August 15, 2007 that about 60% of federal gas taxes are used for highway and bridge construction. The remaining 40% goes to earmarked programs.[5] However, revenues from other taxes are also used in federal transportation programs.
The federal gasoline tax raised $25 billion on gasoline in 2006.[6] The tax was last raised in 1993, and is not indexed to inflation. The federal gas tax has experienced a cumulative loss in purchasing power of 33 percent since 1993. An increase of 10¢/gal would bring approximately $20 billion of annual revenue into the Highway Trust Fund.


You look at the shape of our roads lately???

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RE: Obama gets out in front of a crisis - 2/25/2012 12:50:37 PM   
thompsonx


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quote:

Obama will probably try to refill it when he can get the best deal, so sometime when oil prices are low.

I predict gasoline will be below $2 the month before the next presidential election.
Just like it was before the last one.

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RE: Obama gets out in front of a crisis - 2/25/2012 12:53:25 PM   
thompsonx


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quote:

ORIGINAL: subrob1967

I love how Obama bitches about the whopping 4% profit oil companies make on gas, but doesn't mention the 15% tax the federal government makes per gallon... Go figure



4%

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Profile   Post #: 26
RE: Obama gets out in front of a crisis - 2/25/2012 12:55:17 PM   
thompsonx


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quote:

Obama would have to announce that he's serious about energy independence,


What would be the advantage of energy independence?

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RE: Obama gets out in front of a crisis - 2/25/2012 1:19:21 PM   
Aswad


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quote:

ORIGINAL: TheHeretic

Still, the jump so far easily amounts to $10 a fill, and this is just the early start to what looks like a pretty bad year.


Here, it's at $10 a gallon.

Stop hitting the oil bottle, and the weekends will cost far less.

Health,
al-Aswad.


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RE: Obama gets out in front of a crisis - 2/25/2012 1:23:34 PM   
TheHeretic


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quote:

ORIGINAL: SoftBonds

You look at the shape of our roads lately???



Well, the visibility is a bit better, now that most of those "this traffic nightmare brought to you by the American Recovery Act," signs have come down, but the crappy overlays are getting just as bad as the shit they didn't fix right to begin with.

The federal gas tax needs a serious overhaul, not just an inflation adjustment. Hybrids and electrics, and increased fuel economy in general are throwing it farther out of sync with what a realistic use tax needs to be. The most equitable way would be a mileage tax, based on the weight of the vehicle, but how that would be administered is a whole different barrel of monkeys.

< Message edited by TheHeretic -- 2/25/2012 1:54:25 PM >

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RE: Obama gets out in front of a crisis - 2/25/2012 1:47:35 PM   
TheHeretic


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quote:

ORIGINAL: Aswad

Here, it's at $10 a gallon.




Ok. Normal is what you are used to. Do the neighbors in your part of the world notice and comment if it goes up roughly 15% in two weeks, with promises of another 30% to come?

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Profile   Post #: 30
RE: Obama gets out in front of a crisis - 2/25/2012 1:50:30 PM   
thompsonx


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quote:

ORIGINAL: TheHeretic


quote:

ORIGINAL: SoftBonds

You look at the shape of our roads lately???



Well, the visibility is a bit better, now that most of those "this traffic nightmare brought to you by the American Recovery Act," signs have come down, but the crappy overlays are getting just as bad as the shit they didn't fix right to begin with.

Are you saying that the poor workmanship done by the road crews is obama's fault? Was the poor workmanship of the road crews on the previous administration's watch obama's fault also?

The federal gas tax needs a serious overhaul, not just an inflation adjustment. Hybrids and electrics, and increased fuel economy in general are throwing it farther out of sync with a realistic use tax needs to be. The most equitable way would be a mileage tax, based on the weight of the vehicle,

That is the problem with our highways now. The trucks that cause the damage do not pay their fair share of the cost of maintaining the roads.


but how that would be administered is a whole different barrel of monkeys.

Those are the monkeys who gave us what we have now.


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RE: Obama gets out in front of a crisis - 2/25/2012 2:02:53 PM   
Aswad


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quote:

ORIGINAL: TheHeretic

Do the neighbors in your part of the world notice and comment if it goes up roughly 15% in two weeks, with promises of another 30% to come?


No, not really, no. It's gone up 30% in the past 1-2 weeks. With "maybe" as to whether it will ever go back down, and "probably" as to whether it'll go further up. That's not counting any potential war with Iran or Syria/China/Russia, of course, in which case prices will rise far more noticeably.

It merited a small footnote in the paper, though.

Health,
al-Aswad.


_____________________________

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From then on I knew: God doesn't make the world this way.
We do." -- Rorschack, Watchmen.


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Profile   Post #: 32
RE: Obama gets out in front of a crisis - 2/25/2012 2:07:49 PM   
TheHeretic


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Status: offline 		Why do you dream up an assumption that I'm attributing the poor results to the workmanship of the road crews, Thompson? Did I not say the problem was that they did crappy overlays, instead of fixing the shit right? Do you think the guys with the lutes make the design decisions?



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Profile   Post #: 33
RE: Obama gets out in front of a crisis - 2/25/2012 2:19:27 PM   
tazzygirl


Posts: 37833
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Status: offline 		Some things I discovered....

This is a somewhat misleading statement since taxes and duties include tax credits allowed on payment to foreign governments. It is another subsidy, devised by the U.S. State Department in the 1950s, which allows U.S. based oil companies to reclassify the royalties they are charged by foreign governments as taxes. Those can then be deducted dollar-for-dollar from their domestic tax bill. That provision alone will cost the federal government $8.2 billion over the next decade, according to the Treasury Department. These are currently allowed to be reported as taxes paid to the U.S. government. The following opinion re-printed from the Harvard Law Review gives a more detailed explanation on how this works:



Point: For every gallon of gasoline, diesel or finished products we manufactured and sold in the United States in the last three months of 2010, we earned a little more than 2 cents per gallon.
Counterpoint: Adding all the oil company profits together including their upstream, downstream and chemical divisions and then dividing that amount by the total gallons of fuel sold is somewhat misleading. Each one of those is separate profit centers and not the only products sold by the oil company. The following Energy Information Agency graphs shows the breakdown of the average price for a gallon of gasoline paid at the pump in March 2011:

[image] http://static.seekingalpha.com/uploads/2011/5/2/saupload_gaschartvan_der_valk.jpg[/image]


http://seekingalpha.com/article/267072-busting-the-myth-about-oil-company-profits

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RE: Obama gets out in front of a crisis - 2/25/2012 2:21:31 PM   
thompsonx


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quote:

ORIGINAL: TheHeretic

Why do you dream up an assumption that I'm attributing the poor results to the workmanship of the road crews, Thompson? Did I not say the problem was that they did crappy overlays, instead of fixing the shit right?



That is not the question I asked you...but you did preface your complaint with this shot at the presidnt:
quote:

Well, the visibility is a bit better, now that most of those "this traffic nightmare brought to you by the American Recovery Act," signs have come down, but the crappy overlays are getting just as bad as the shit they didn't fix right to begin with.


So which is it shitty workmanship or was it the presidents fault?

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RE: Obama gets out in front of a crisis - 2/25/2012 2:51:42 PM   
TheHeretic


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quote:

ORIGINAL: Aswad

It merited a small footnote in the paper, though.




Wow. We live in very different cultures, Aswad. It was front page top, around here. Mind you, I do live in a place where 50+ mile commutes are commonplace.

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If you lose one sense, your other senses are enhanced.
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Profile   Post #: 36
RE: Obama gets out in front of a crisis - 2/25/2012 3:19:21 PM   
TheHeretic


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quote:

ORIGINAL: thompsonx

So which is it shitty workmanship or was it the presidents fault?


I still want to know where you came up with the delusion that shitty workmanship had anything to do with what I said. Do you know what an overlay is? Subgrade? I already answered your question, with a question.

quote:

Do you think the guys with the lutes make the design decisions?


So now that this is out of the way, how do you think we ought to go about collecting road use taxes from people who avoid collection on gasoline sales, by using alternate fuels?


_____________________________

If you lose one sense, your other senses are enhanced.
That's why people with no sense of humor have such an inflated sense of self-importance.


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Profile   Post #: 37
RE: Obama gets out in front of a crisis - 2/25/2012 4:38:28 PM   
Owner59


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quote:

ORIGINAL: thishereboi

quote:

Will President Obama go to the strategic reserve?


I think that will depend on whether or not he thinks it will get him more votes.


Really?

Then you can give some other examples of where President Obama avoided challenges and went for the easy votes.....

It certainly wouldn`t be health-care reform,pushing Israel to the peace table or ending DADT.....



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RE: Obama gets out in front of a crisis - 2/25/2012 9:57:02 PM   
SternSkipper


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quote:


In pretend land,there`s this notion that cons can convince the nation that they not only didn`t tank our economy but that they can repair it.


The plan involves a complex layered exercise of one form on inaction after another.

quote:

Though........ the explanation of exactly how they`re going to rescue our economy is yet forthcoming,we`re asked to "trust them".....that they`ll tell us later.......lol


It's SECRET.



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Profile   Post #: 39
RE: Obama gets out in front of a crisis - 2/25/2012 10:58:31 PM   
SoftBonds


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quote:

ORIGINAL: SternSkipper

quote:


In pretend land,there`s this notion that cons can convince the nation that they not only didn`t tank our economy but that they can repair it.


The plan involves a complex layered exercise of one form on inaction after another.

quote:

Though........ the explanation of exactly how they`re going to rescue our economy is yet forthcoming,we`re asked to "trust them".....that they`ll tell us later.......lol


It's SECRET.




Is it secret like Nixon's plan to get us out of Vietnam secret, or secret like Dick Cheney's secret committee to pick a VP choice for Bush Jr?

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Profile   Post #: 40
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