Quote:
Originally Posted by Heavy_monkey2.0
there should be no subsidies for oil companies...NOT a 'Rolling back of' but a clear abscence of them....obama (my candidate) imo doesnt go far enough in revealing how he is going to attempt to change the way business is done, of course he is still trying to get there first...
I heard obama claim that the gasoline 'holiday' tax cut, a tax which is used to fund maintenence on highways could result in the loss of funding to pay highway/construction workers. dont know if this is an issue or not but thought i would repeat it here.
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He's right, it would.
Hillary's plan is to combine this with a windfall profit tax to cover it; that would raise prices at the pump.
Pull the subsidies, sounds good, but it will raise prices at the pump.
It's that nagging question: where does the government get the right to set prices, profits, etc. for private industries?
Whatever the oil companies are, they are not stupid. Don't you think they know that, under any circumstances, we will one day run out of oil?
I have an alternative theory. I think new fuels are being developed, but they're going to have a problem of cost concerning an infrastructure to get them to your local filling station. They will have to be competitive with gas in order to catch on.
Maybe gas is going to creep up until it reached the price that will have to be charged for that new fuels.
Just a thought.