Wednesday, December 30, 2009

Oil windfall tax or lift the ban on offshore oil drilling?

Which proposal do you support for reducing the gas price?





or





Do you feel that either one will have an effect on the price of gas at the pump?Oil windfall tax or lift the ban on offshore oil drilling?
Tax the living day lights out of the Oil Companies and regulate the price. Force them to pay the tax out of their profitsOil windfall tax or lift the ban on offshore oil drilling?
both idea's will not do anything to the price at the pump, actually, oil windfall tax will be passed on to the consumer, and drilling off shore by Americans and their top salaries and being and American product ( remember this is why we buy everything overseas, American products are more expensive) will also be passed on to the consumer, so both idea's will increase the price, good luck with that dream
Look at the reality; if there is a windfall profits tax it will just be passed on to the consumer by jumping the price of gas to eight bucks. We wind up paying any taxes.





Increase the supply; drill-drill-drill; just like all the other countries in the world are doing to supply their oil. They observe how we are stupidly not drilling in our own back yard and being shafted at the pumps; but we all know how smart americans are by looking at the people in congress and the senate.
lift the ban.





Putting an additional tax on the oil companies will only further raise the price of gas. As of July 1st, several states are increasing their state tax on gasoline. In KY they are raising the tax one and a half cents per gallon, from .21 to .225 .





It's supply and demand. If we can increase the supply, then we can start lowering prices, since we will meet demand.





good luck.
Taxing the oil companies will lower the price of gas how? They will pass the cost onto the consumer. Offshore drilling won't necessarily lower the price either (at least not in the short term) but it will make the US less dependent on OPEC.

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