Republicans Block Taxes On Oil Companies

By The Associated Press
.

Senate Republicans block plan to tax the record profits of the largest oil companies saying it would increase - not lower - gasoline prices. Republicans Block Taxes On Oil Companies
Published: Tue, June 10, 2008 - 10:58 am Last Updated: Tue, June 10, 2008 - 2:10 pm
WASHINGTON (AP) - Senate Republicans have blocked a Democratic
plan to tax the windfall profits of the largest oil companies.
Democrats on Tuesday failed, 51-43, to get the 60 votes needed
to overcome a GOP filibuster of the energy package, and bring the
bill up for consideration.
Democrats said the huge profits enjoyed by the largest U.S. oil
companies should be reined with motorists paying more than $4 a
gallon for gasoline and oil prices soaring well beyond $100 a
barrel. But Republican critics said higher taxes on oil companies
would increase - not lower - gasoline prices and reduce the
incentive for domestic oil exploration and production.

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(Copyright 2008 by The Associated Press. All Rights Reserved.)

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Tapping America’s huge reserve of deep ocean energy helps us fight terrorism and increases our domestic energy supply, which will help put downward pressure on gasoline prices,” Greg Schnacke, President of Americans for American Energy, said in a news release, adding: “With Americans suffering at the gas pump and with higher energy bills, it’s a no-brainer that the OCS should be developed.”

But the proposal has faced staunch opposition from environmental groups from states where the shorelines are under consideration for drilling, like Florida.

Sierra Club lands program director Athan Manuel told a House committee Wednesday that drilling has been unsuccessful in driving costs down.
Democrats are holding their own series of events on Capitol Hill Wednesday to focus attention on global warming and energy independence, but drilling is not on the agenda. House Majority Leader Steny Hoyer, D-Md., said Tuesday ongoing calls for more drilling “is the Johnny One-Note of the Republican Party.”

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well china is drilling not far off the coast of florida., that better tell somebody something if alternative fuel was the answer they would be at home growing corn and sugar.

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Maybe it is time we marched on Washington!  Of course, we would have to mortgage our homes to get the gas money to get us there.....

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kctenac16, i use to think my vote counted also, but its not, but it is up to everyday americans to take the vote back america use to be the number one oil producing country in the world after all the restricions put on domestic drilling it was cheaper to import than to drill here

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I’ve often thought in the past that my vote counted when electing politicians and presidents. Then it dawned on me delegates pick who will run against who,regardless(in most cases) of how the voters voted and then the Electoral college picks the president regardless how the voters voted. The big money people have had a long time to set things up to their liking and they’re getting ready to drive that golf ball onto the next hole, and we is that golf ball.

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Unfortunately, the MAJORITY do not always win. The electoral college do not have to vote the way the Majority vote.

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there is a lot of money to influence the politicians, i agree. however, that doesnt represent the majority of the population. they can contribute all the money in the world, it may get them elected one time, but eventually they will get the boot. im sick and tired of politics in this country, and with the 2 boobs we have running for office, it’s not looking any better

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carl, check out the rockefellers, that’s big money
then go to liberal hollywood, robert reford alone would sell his mother to stop it. barbara boxer dem from california very against domestic drilling, i checked out trillionaires just to see if there were any and was amazed at the ifo i found out. i did not know rockefellers were chase bank, it was the rockefellers who tried to oust their own ceo because he wanted to drill here, yes there is plenty of money to influence these politicians.

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There’s a lot of money out there that likes the way things are right now and i haven’t seen any environmentists with the money necessary to pull this off. There’s big money behind this situation and you can bet your bippy most of the people in Washington know who and how and if they complain too much they’ll end up on the no donations list.

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well it did not hurt the fishing in the gulf, they seem to love the rigs and they are beautiful at night. i do not believe the need to focus on alaska alone try this website its amazing

http://minnesota.publicradio.org/display/web/2008/04/10/ndoil/
this is inland the oil wells in the gulf are great but a hurricane and oops there goes the price. i would open up my living room right now if there was oil there

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