lucky fuckers.....

I filled up yesterday.

4.09/gal. Cost me 57.00 American.

That's a record for me.

$3.85 here this afternoon.

paid $3.71 near my townhome but saw it on I-45 at a chevron for $3.99 in the same day.

We just hit $4. or there abouts.

Anyone who thinks that the petrol companies are getting subsidies is a god damm fool. They are the same tax breaks all the other big companies get.

Subsidies are primarily in the form of royalty relief for off shore drilling (and some drilling on federal lands).

Until the 1990s, oil companies payed a royalty fee to drill in these areas and the fees generated at least $100 billion in revenue to the goverment over the years.

In the 90s, a policy was adopted to waive the royalty fees as an incentive to enourage drillng when the price of a barrel of oil was around $20. The waiver was tied to the price of oil so that if it rose signicantly, the waiver would no longer be available.

In the 2005 Energy Bill, the waiver of the royalty fees was extended but no longer tied to the price of oil, so that energy companies are still getting the waiver. It was never the intent to continue to waiver when a barrel of oil was at the current high price.

Yes, it is a subsidy.

OK, lets assume that is true for a moment. We'll start there and end them before moving on to the next category. Any suggestions? What other companies are getting them? GE comes to mind for some reason, but I think maybe that's related to taxes... Anyone?

Well, if the oil companies aren't getting subsidies, I guess they don't have to worry about having them taken away.

And they can just forget about the legislation.

http://www.cnn.com/2011/POLITICS/05/....html?hpt=Sbin

So, what are they meeting about?

...or how much they donate..

Like I said already. My reply to that argument is "This is just the beginning. We'll get to the other industries like farming, cell/fios/internet/banking/ect shit later."

On the other hand, no this will never happen. They've been playing this game for too many years. I wonder if they do this public politicking just to get their donors (read corporate masters) to cough up more cash.

I read the article. I was referring to the assertion that the oil companies don't get subsidies, for us god damm fools. ;)

I was moving on from that assertion - you gdf.

:lol: