ExxonMobil's profit in 2005 is $36 billion! - Page 2 - U2 Feedback

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Old 02-15-2006, 05:23 PM   #16
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got this e-mail from John Edwards today

Dear Friend,


First the Vice-President's Energy Task Force. Then an energy bill basically written by oil and gas lobbyists. We didn't need more evidence that President Bush and Vice President Cheney are in the pocket of the oil and gas industry. But we got it anyway.

The New York Times broke the story that the Administration will allow big energy companies to pump about $65 billion worth of oil and natural gas from federal territories over the next five years without paying any royalties to the taxpayers. I should say that again: without paying any royalties whatsoever to the taxpayers. The Administration's own figures show that it will give up more than seven billion dollars in payments in the next five years. It's a pretty sweet deal. I am deeply concerned -- and I know you are, too -- that taxpayers are again getting ripped off and that wealthy corporations again are laughing all the way to the bank.

George W. Bush is the President of the United States, not the president of the oil and gas industry. But too many of his policies put the interests of that industry before the interests of the American people. We know he is an oilman; we know Cheney's an oilman, we know that many of their friends are oilmen, too. But this Administration goes too far when it takes care of those friends even when it hurts the American people.

Every day, I meet families who are struggling with high gas prices and soaring home-heating costs. Everyday, prices go up for the things we all need because the price of fuel goes up. Meanwhile, the big energy companies are hitting all-time record high profits. So why do they need another give away? They don't. And they certainly don't need another give away while oil prices climb to $70 per barrel.

This boondoggle is unfolding just as the Administration is pushing for its budget -- an immoral document if I ever saw one. Once again, their budget lavishes tax breaks on millionaires while it slashes programs that help the most vulnerable among us. If the President gets his way, 300,000 people will be pushed off food stamps; 19,000 fewer children will go to Head Start; and low- and moderate- income people will lose $36 billion in Medicare.

Everything people need to get ahead, let alone, get by -- is on the chopping block: student loans, vocational training, child care, Social Security benefits for widows, and more. My mind is reeling with all the people who could be helped with the seven billion dollars that Bush and Cheney are handing over to the oil and gas companies.

In the President's State of the Union address, he told us that America is addicted to oil. What he didn't admit was his role in bloating the pushers' profits.

We have the chance to get our country back on track. It's not too late to create a safe, healthy and hopeful future for our children. I am going around the country to help elect Democrats in 2006. I hope every one of you will get involved by working for candidates, organizing in your communities, and standing up for the people who have no one to speak for them. If you're upset about the President's policies, get energized with us. Please take a moment to share your concerns and join the conversation at our One America Committee blog:

http://blog.oneamericacommittee.com
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Old 02-15-2006, 05:28 PM   #17
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This whole situation is obscene.
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Old 02-15-2006, 05:32 PM   #18
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Yes, we should stay fully dependent on foreign oil.
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Old 02-15-2006, 05:54 PM   #19
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Yeah, but why aren't these frs paying any taxes?
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Old 02-15-2006, 06:20 PM   #20
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They do pay taxes.

The laws regarding paying royalties from products taken from federal lands are not new - companies have been doing this for decades.

Edwards should have thought about this before instead of simply trying to demonize the "evil oil companies".
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Old 02-15-2006, 06:28 PM   #21
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GAS TAX!!! GAS TAX!!! SUV TAX!!! SUV TAX!!!
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Old 02-15-2006, 06:29 PM   #22
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Do you know how much we pay in gas taxes already?
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Old 02-15-2006, 06:51 PM   #23
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Quote:
Originally posted by nbcrusader
They do pay taxes.

The laws regarding paying royalties from products taken from federal lands are not new - companies have been doing this for decades.
Haven't you read? The Bush Administration has now proposed eliminating the royalties earned from those public lands.

That's what you get when you elect a President whose interests lie with businesses, not the American public. Why else would multimillionaires fight for a job that requires a massive pay cut?

Melon
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Old 02-15-2006, 06:59 PM   #24
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Quote:
Originally posted by melon


Haven't you read? The Bush Administration has now proposed eliminating the royalties earned from those public lands.

That's what you get when you elect a President whose interests lie with businesses, not the American public. Why else would multimillionaires fight for a job that requires a massive pay cut?

Melon
That's what I was talking in about in my original post--the royalties earned from those public lands.
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Old 02-15-2006, 07:03 PM   #25
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At its peak, the government collected $3 billion in oil and gas royalties. No where near the $65 billion Edwards is touting.

But let's make sure we make domestic production as difficult as possible.
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Old 02-15-2006, 07:16 PM   #26
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Quote:
Originally posted by nbcrusader
At its peak, the government collected $3 billion in oil and gas royalties. No where near the $65 billion Edwards is touting.

But let's make sure we make domestic production as difficult as possible.
There's a lot of NIMBYs around the Gulf of Mexico, so let's not go blaming Democrats for everything.

As for the Arctic Wildlife Refuge, it's already known to be economically unfeasible. We'd be spending hundreds of millions on something that wouldn't even produce one drop of oil until 2020. By that time, we could have switched to E85 through switchgrass harvesting--something that Bush talked about during the State of the Union and one of the handful of things he's ever said that had basis in scientific fact.

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Old 02-16-2006, 12:14 AM   #27
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so what if exxonmobil's profit is $36 billion? they are a succesful multinational corporation and should be an example to us all. if we're lucky they will proselytize those who are misguided to the american way. god willing.
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Old 02-16-2006, 01:39 AM   #28
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So where's our "share" of this huge profit? Might they consider lowering gas and oil prices down to the consumer level?








Rich oil bastards.
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Old 02-16-2006, 12:24 PM   #29
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I guess if we can portray success as "evil" it makes it easier to tax the successful because of their success.
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Old 02-16-2006, 03:20 PM   #30
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Quote:
Originally posted by nbcrusader
Do you know how much we pay in gas taxes already?


yes, and it's not nearly enough.

there's a war on, didn't you hear? gotta pay for it some how. instead of a Victory Garden, we can have Go-Go USA Gas!
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