On Mar 1, 9:46*pm, "Canuck57" wrote:
"Eisboch" wrote in message

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"HK" wrote in message
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JoeSpareBedroom wrote:
"HK" wrote in message
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Eisboch wrote:
"HK" wrote in message
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I'll bet that Dicque Cheney is working right now with his "BIG OIL"
buddies to try to knock the price of gas down temporarily two weeks
before the November elections.

Sure he is Harry. *Sure he is.

The blame for the price of oil doesn't reside with politicians,
current or past.
The blame resides with us.

Eisboch

I think a steep "excess profits tax" would tighten things up a hair,
that and members representing the public and responsible to it sitting
on big oil boards.

Excess profits in what terms? Straight dollars, or percentage? It really
wouldn't matter. Unlike the vast majority of businesses, crude oil is
priced by a gambling parlor. Even if you (and I mean YOU specifically)
could somehow control the profits of the oil companies, they still have
to buy crude at prices determined by sheer lunacy.

"Big Oil" helps set the price of the crude it buys. You think it doesn't
have "partners" sitting on the OPEC committees?

Is that why we never see much of Cheney? *Is he too busy attending OPEC
committee meetings, encouraging them to increase the price of oil?

Eisboch

Big government does like higher oil prices, bigger tax revenue when indexed
on the price as a percentage.- Hide quoted text -

- Show quoted text -

No kidding!

Here a few years ago when pump gas jumped from about 1.35 to 2.35,
Gov. George Ryan put a stay on sales tax (6.25%) per gallon, andheld
it for about 6 mo. Does'n't sound like much, but when you consider the
big pic. it was a pretty good discount. Now comes our present
governor. Price jmps over the $3.00 mark and people were saying "Hey
guv. How about doing something with this gas sales tax?" The answer?
"Nah, we're leaving it on this time because we're broke!"

Errrr. OK so now the state is pulling in 6.75% per gal. on pump gas,
and the state has more money flowing in from motor fuels tax revenues
then they'd ever seen before. HUGE amounts! Like double what it was 10
years ago.

The gov. still says we're broke.

yeah.... r-r-r-r-ight!