Re: Economics Doesn't Stand in Hillary's Way

On May 2, 8:41 am, "J.C. \"Watts\" Enslin" <jens...@xxxxxxxxxxx> is
besotted with latte-fueled arrogance:

Her new plan for gas prices...

Take a federal gas tax holiday, and then lay an excise profit tax on
the oil companies.

My oh my...where to start. Well, first this will have very little
affect on gas prices because supply and demand dictate where the
prices are now, not taxes. IOW, because of this the excise tax will
just be passed on in whole or in part.

Second, if you somehow force the oil companies to keep their price at
a certain level, shortages will result and we'll have 70s era lines at
the gas station.

The idea does show some political big-braneness. Essentially she will
be shifting the burden of the gas tax from the consumer at the point
of sale to the oil company. Of course this will have no impact on the
price of gase, but what Hillary can do is say, "hey, we lowered the
price of gas, but the oil companies have increased the price. I did
my part, but the oil companies are GOUGING!"

-Tom Enright

"The biofuels debacle is global warm-mongering in a nutshell: The
first victims of poseur environmentalism will always be developing
countries. In order for you to put biofuel in your Prius and feel good
about yourself for no
reason, real actual people in faraway places have to starve to death."
-Mark Steyn

Jon

.

Relevant Pages

  • Re: The fix is in again on gas prices
    ... gas at what I am anticipating the future price will be. ... Profits is one thing, gouging another... ... You're talking gas stations, I'm talking Oil Companies. ...
    (alt.autos.toyota)
  • Re: Gasoline is still too cheap...
    ... If all things were equal -- and clearly they are not, which is my point -- then a change of $1.00 in the price of crude would translate to about $0.03 at the pump. ... We live in a time where oil companies are churning out Record Profits while the sale of the total number of gallons has fallen. ... If oil companies made a flat $0.05 per gallon, or whatever the real number needs to be but the operative word is flat, then if the price of crude rose and the total consumption also rose, then the oil companies could make more money because they sold more gas, not because they raised prices. ... A lady was sleeping in her car with it running so the AC ...
    (alt.autos.toyota)
  • Honk if you think gas prices are coming down
    ... The Gas Crisis May Be About to Get a Whole Lot Worse ... Rising gas prices are hitting Americans hard, while oil companies rake ... price of gasoline have reached the halls of Washington, ... including temporarily lifting the federal gas tax and halting deposits ...
    (alt.politics)
  • Re: The fix is in again on gas prices
    ... I am usually the last one to complain about gas prices...they are ... it pisses me off to see the oil companies making ... they putting this profit to? ... ever notice the price of lettuce? ...
    (alt.autos.toyota)
  • Re: {OT} gasoline price gouging
    ... consider how the state is demanding gas stations sell at a certain ... cent per gallon price break and discount cards that let sports boosters ... None of this explains why the oil companies profits have sky ...
    (alt.autos.toyota)
Loading