Pipeweld

Why I'm Anti a 'Windfall Profit Tax' on Big Oil

Dylan, Thanks for some coomon sense!

Obama Wants to 'Robin Hood' Exxon

Jonathan SA Editor, Yes Europe, does have higher gas taxes than the US. The key being tax on gasoline not a company that makes 8.9 percent. They have had a huge gas tax for forty years when we payed 50 cents a gallon they where paying $1.50 a gallon.

Exxon's Record Taxes, Capital and Exploration Spending in Perspective

And to say that Exxon does nothing creative in the oil business is ludacris. They are on the cutting egde of technology in their business. 20 years ago you would get 15 gallons of gas and a couple gallions of diesel from a 42 gallon barrel of crude. Now they get over 30 gallons of gas plus diesel plu chemical that go into just about everything you use. They have devolop a seperater film just this year that will make leaps and bounds to the batteries that go into electric and hybrid cars. Refer back a few months to Seeking Alpha and you would know this.

Exxon's Record Taxes, Capital and Exploration Spending in Perspective

Avigandi, The US govt. gets it's share of the oil through royalties usually, a minimum of 50 percent then you still have to pay the states share plus what you put out to buy the lease to even try to find oil. That does not even count the taxes on their profit that also goes to the US. and state govs In 2007 Exxon Mobil earned 25 percent of it profit in the US. The rest over seas. Foreign oil company do compete for our oil. Transcanada is building Alaska new gas line. Shell and BP are Foreign Lukos oil is buying up oil leases there Russian and Saudi Aramco has holding all over the US. Citco is Venezuelan.

How Evil is Exxon-Mobil?

The 68 million acres they brag about has been seismographed. And if there was enough oil they would be drilling. BO would rather than drill there than in most foreign countries where they can change the lease agreements at a moments notice. Sometimes those dictators just throw you out if you don't like their new agreements. AKA Chavez-- Ask BP and Shell about Putin too!

Exxon's Record Taxes, Capital and Exploration Spending in Perspective

OK, Sebby, I lease you a hotel for 20 years. After 2 years I decide your making too much money on the hotel. Then do I have the right to up the lease?

Exxon Mobil Diversifies Into the Hybrid Car Market

I don't think I will be able to pull my cattle trailer to market behind that. Come to think of I probably won't be able to pull my lawn mower behind that ! ! ! Just kidding, Lighten up. Rember it is a great day to be alive. Sure beats the hell out of the alternative ! ! !

Exxon Mobil Diversifies Into the Hybrid Car Market

It is called a fuel cell. Still very much under development.
Ethanol also has a much larger foot print cradle to grave than Gasoline.
ea. plow, plant, spray, harvest. haul to refiner, truck to terminal(you can't send it by pipeline to crossive for that.). But that is not politically correct for the environmentalist.