nickthehunter wrote:
Here’s a chart for you to ponder. US Oil Production by month
Previous 4 years, oil production goes up steadily.
Brandon takes over, it falls immediately and continues on a downward trend.
Dec 2019 - 12,900 bbls per day
Dec 2021 - 11,560 bbls per day
So much for facts
Well it looks like I will need to re-check the numbers I got.
Bionic Man wrote:
JRscooby wrote:
ferndaleflyer wrote:
Gas at $5.00 should spark some interest
Congress could stop the rise in gas price, if wanted to support Ukraine and US people.
Oil companies reported record profits '21. For '22, tax all profits above '21 levels at 110%
That would mean if they made $100 last year, this year make $110, they pay $11 more in tax
Why don’t you look at the profit margins of the oil companies before you start throwing stones at them? Government makes significantly more off fuel taxes than “Big Oil” makes per gallon. “Big Oil” isn’t the problem here.
Look at the profit reports of big corporations, not just oil, but many corporations, reported for 21, compared to '19 or '20 the only reason most are raising prices is because they can.
Oil is a special case. Because of things that happened across the water, oil sees a chance to raise prices. Also, because everything we buy moves by truck, Gov mandates a surcharge on all freight, so the price we pay for everything is forced up. And because of the oversea problem congress could tax the windfall profit. And if congress set that rate high enough oil companies would strive to hold prices down to avoid triggering that tax.
And earlier this year, when the price of crude was dropping, but the price of gas was going up JB announced there might be a investigation. Over night the price at pump dropped, did not start up again until we heard reports of troop buildup. I bet if congress just started to discuss windfall tax price would stop rising.
