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Wal-Mart Stores Inc. Message Board

  • shep2l998 shep2l998 Feb 27, 2013 9:18 PM Flag

    Obama wants to end tax breaks for oil and gas companies

     

    Of course we all are smart enough to know the oil companies won't charge higher prices at the pump.

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    • Facts...Production and exploration costs have NOT been the driving force behind rising gas and oil prices.

      Competition is NOT working BECAUSE refineries are limited by LAW and current refinery output is neaMaxiumum possible aexistingng refineries. The nutcase environments havtemporallyly won, costing us all more. Oil and gas company profits ARE at ALL TIME HIGHS. None of these gross profits will be returned to consumers. Ever. NOR will increased taxes on the oil and gas industry serve any economic good.
      Consumers MUST stand up to environmental nutcases or pay EVER MORE for gas and oil . A second reason for sharp increases in oil prices is supply issues caused by players in the oil futures market, players with no actual oil storage capacity nor established delivery ability. Oil futures must be limited to industry participants.

    • B O said usa gas should be the price of Europe.

 
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