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 - 9:58 am Last Updated: Tue, June 10, 2008 - 1:10 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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I don’t want to see the land raped and left in ruin, but I don’t think that is the case.  New technology should allow for minimal impact from drilling and the benefits would far outweigh any possible negatives.

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bamabob, i believe there is to much divide enviro extrimest have had their way to long but if most people are like me and everyone that is strugling right now because of this, not to mention being tired of being dependent on foreign oil will act we might see something.

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But, but, but…... I don’t think anything is going to happen in congress until after the election.  Politicians are playing games right now while the public suffers.

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If people could truly be bi-partisan on this issue and attack it in a sensible manner we would all be better off.

Let the environmentalist list their concerns and let the oil company engineers address each item line by line.  Then let’s start drilling!!!!!

There is some very stupid logic involved with this for some reason.

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bamabob, i signed but the sad thing about it is our reps are for it, hope the rest of the country is on board.

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Yeah, it does seem to be running a little slow.  Probably had a sudden surge from a F&Fs;episode with Chuck Norris.

We have to let congress know that we want some serious action and a whole lot less BS!!!!

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All righty! I signed the petition. They seem to be getting more than they can handle at this time on the web site.

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Check out Newt’s website and sign the petition!

http://www.americansolutions.com/

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We are in a very precarious predicament at this time and it calls for drastic measures!  Armawhat’shisname in Iran is threatening us with an economic war based upon oil.  If the jerk grumbles, the price of oil jumps because of fear.

Just announcing that we planned to open up areas for exploration would start to drive the prices down.  We need to get off the pot about this deal now!

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ronald t, nixon was good in a lot of ways but he gave us the epa. i believe that was the start of our oil crisis along with jimmy carter. i am learning more all the time. i just found out the federal reserve is owned not by the government but by several banks one chase, is the rockefellers, this is a lot more complicated than just oil. banks control us all wether its credit card fees interest rates etc.

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