05-15-2007, 12:27 AM
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Hummer Guru
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Join Date: Jan 2005
Location: Dallas, TX USA
Posts: 2,314
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Re: Hillary On Oil Profits.
Good points F5, but the reality is Hillary was just blowing the usual gas out of her sorry ass without any thought to the recourse of her actions...
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Originally Posted by f5fstop
I would like someone to define "excessive profits."
Oil companies have tried to build and expand existing refineries in this country and the "not in my backyard" crowd, along with massive regulations has stopped all new refineries. Lately, the companies have given up, why waste the time and money when the people won't allow it. Hell, a few years ago in TN, the people screamed about a new pipeline to disburse fuel.
As for their profits, they are extremely large, but let's define "large." If we start taxing companies for their profits, do we stop at the oil companies, or do we go after Toyota, Microsoft, etc., when they return large profits?
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