Ronmac

Does Big Oil's Apathy Justify Proposals to Tax Windfall Profits?

I keep hearing from the socialists posting on this article that "big oil" is getting subsidies and "big oil" is in control of the energy policies. But I never hear about the auto industry and their associated industries fighting higher mileage standards tooth and nail or to the basic root causes such as over-population and a government that is for sale to the highest bidder.
Go ahead and tax the oil companies, then watch oil go even higher than you can imagine.
By the way Vickram, any time you want to share in those out sized oil profits, you can buy a shares of Exxon any day of the week for about $90 apiece...quit acting like you and your socialist buddies are somehow excluded.

The 'Peak Oil' Myth: New Oil Is Plentiful

anaconda, I don't think it matters that a textbook defines "peak" as half produced. In the context of peak oil it is about flow rates not reserves. I think longoil did a great job of explaining this.

As to your contention that we are now in a "moderate to quiet period of regeneration", if the regeneration does not provide the oil flows we need today, and the over 100 we need in the future, then we have "peak oil", i.e. peak flow rates and a shortage.

Same way with not being able to drill the west coast. With your slow generation rate and the delays in drilling...same thing not enough flow.

Demand destruction will help, of course, but remember those overseas consumers don't have the same (well mostly) cheapened currency that we do.

And by the way I am not a shill for anything. So don't include everyone who thinks we have reached peak flow rates as being in on the "conspiracy".

America's Energy Policy: Coming to Terms with Reality

Merger mania, barnburner, and panskeptic, it is unbelievable that you believe the other posters are "big oil apologists". None of you have a single fact. Mini-marts go out of business, but the big oil companies don't. That is supposed to convince me? Plenty of oil to meet demand? Please go entertain yourselves elsewhere, these discussions are obviously way over your heads. Most of us here are here to try and understand the energy environment so we might make some money. So "feelings" and "if the truth be known" types of arguments are simply obfuscating reality.

An Energy Policy That Makes Sense, Revisited

User 145964...I completely agree with you. Our government will take whatever taxes they can and mis-allocate them as quickly as possible.

An Energy Policy That Makes Sense, Revisited

ozzy43, thanks for the rational explanation. Brian Pursley, you are going to be very shocked in the the years ahead...get ready. Your "theory" is about as logical as the "rain will follow the plow" cult that has helped us overpopulate the western deserts of the US...