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Big Oil...Paying their "Fair Share"

Posted: Tue May 28, 2013 4:56 am
by Baldy
So much for those "subsidies". :coffee:

Exxon Mobil - $395 Billion in earnings, paid $146 Billion in taxes: 37% ETR
Chevron - $220 Billion in earnings, paid $85.5 Billion in taxes: 39% ETR
Conoco Phillips - $78.8 Billion in earnings, paid $58.2 Billion in taxes: 74% ETR

It's interesting to compare the burden those big, nasty, evil oil companies carry to the light loads the "progressive" renewable takers like NextEra, Entergy, Xcel Energy, etc. carry. :ohno:

http://www.nytimes.com/interactive/2013 ... .html?_r=0

Re: Big Oil...Paying their "Fair Share"

Posted: Tue May 28, 2013 5:55 am
by HI54UNI
Baldy wrote:So much for those "subsidies". :coffee:

Exxon Mobil - $395 Billion in earnings, paid $146 Billion in taxes: 37% ETR
Chevron - $220 Billion in earnings, paid $85.5 Billion in taxes: 39% ETR
Conoco Phillips - $78.8 Billion in earnings, paid $58.2 Billion in taxes: 74% ETR

It's interesting to compare the burden those big, nasty, evil oil companies carry to the light loads the "progressive" renewable takers like NextEra, Entergy, Xcel Energy, etc. carry. :ohno:

http://www.nytimes.com/interactive/2013 ... .html?_r=0
NextEra has 10,000 MW of wind energy. That's about $675 million a year in taxpayer subsidies.
Xcel has 4,900 MW of wind energy. That's about $330 million a year in taxpayer subsidies.
Berkshire Hathaway just announced another big wind project in Iowa which will bring their total to about 3,300 MW of wind. When completed Berkshire will receive about $225 million a year in taxpayer subsidies.

Remember that the next time Warren Buffett says we need to pay more in taxes.....

Re: Big Oil...Paying their "Fair Share"

Posted: Tue May 28, 2013 8:59 am
by Ibanez
Baldy wrote:So much for those "subsidies". :coffee:

Exxon Mobil - $395 Billion in earnings, paid $146 Billion in taxes: 37% ETR
Chevron - $220 Billion in earnings, paid $85.5 Billion in taxes: 39% ETR
Conoco Phillips - $78.8 Billion in earnings, paid $58.2 Billion in taxes: 74% ETR

It's interesting to compare the burden those big, nasty, evil oil companies carry to the light loads the "progressive" renewable takers like NextEra, Entergy, Xcel Energy, etc. carry. :ohno:

http://www.nytimes.com/interactive/2013 ... .html?_r=0
For those of you who won't read the article, Baldy forgot something: This is over a 6 year period.

Re: Big Oil...Paying their "Fair Share"

Posted: Tue May 28, 2013 9:11 am
by Baldy
Ibanez wrote:
Baldy wrote:So much for those "subsidies". :coffee:

Exxon Mobil - $395 Billion in earnings, paid $146 Billion in taxes: 37% ETR
Chevron - $220 Billion in earnings, paid $85.5 Billion in taxes: 39% ETR
Conoco Phillips - $78.8 Billion in earnings, paid $58.2 Billion in taxes: 74% ETR

It's interesting to compare the burden those big, nasty, evil oil companies carry to the light loads the "progressive" renewable takers like NextEra, Entergy, Xcel Energy, etc. carry. :ohno:

http://www.nytimes.com/interactive/2013 ... .html?_r=0
For those of you who won't read the article, Baldy forgot something: This is over a 6 year period.
Are you saying that some people don't read the articles? :suspicious:

Re: Big Oil...Paying their "Fair Share"

Posted: Tue May 28, 2013 9:17 am
by TheDancinMonarch
Baldy wrote:So much for those "subsidies". :coffee:

Exxon Mobil - $395 Billion in earnings, paid $146 Billion in taxes: 37% ETR
Chevron - $220 Billion in earnings, paid $85.5 Billion in taxes: 39% ETR
Conoco Phillips - $78.8 Billion in earnings, paid $58.2 Billion in taxes: 74% ETR

It's interesting to compare the burden those big, nasty, evil oil companies carry to the light loads the "progressive" renewable takers like NextEra, Entergy, Xcel Energy, etc. carry. :ohno:

http://www.nytimes.com/interactive/2013 ... .html?_r=0
I wonder what this translates into at the pump.

Re: Big Oil...Paying their "Fair Share"

Posted: Tue May 28, 2013 10:30 am
by Pwns
Simple solution... lower the corporate tax rates, eliminate the loopholes, simplify the tax code, then simplify it some more. It is nuts that some corporations pay sky-high taxes while others don't pay any at all.

Re: Big Oil...Paying their "Fair Share"

Posted: Tue May 28, 2013 11:07 am
by 89Hen
TheDancinMonarch wrote:
Baldy wrote:So much for those "subsidies". :coffee:

Exxon Mobil - $395 Billion in earnings, paid $146 Billion in taxes: 37% ETR
Chevron - $220 Billion in earnings, paid $85.5 Billion in taxes: 39% ETR
Conoco Phillips - $78.8 Billion in earnings, paid $58.2 Billion in taxes: 74% ETR

It's interesting to compare the burden those big, nasty, evil oil companies carry to the light loads the "progressive" renewable takers like NextEra, Entergy, Xcel Energy, etc. carry. :ohno:

http://www.nytimes.com/interactive/2013 ... .html?_r=0
I wonder what this translates into at the pump.
The other interesting thing is that gas is one of the most heavily taxed commodities to boot.

Gas Taxes/Fees (cpg)
Alabama 39.3
Alaska 26.4
Arizona 37.4
Arkansas 40.2
California 69
Colorado 40.4
Connecticut 64.4
Delaware 41.4
District of Columbia 41.9
Florida 53.4
Georgia 47.8
Hawaii 68
Idaho 43.4
Illinois 62.8
Indiana 61.4
Iowa 40.4
Kansas 43.4
Kentucky 46.2
Louisiana 38.4
Maine 49.9
Maryland 41.9
Massachusetts 41.9
Michigan 61.3 4
Minnesota 46.5
Mississippi 37.2
Missouri 35.7
Montana 46.2
Nebraska 46
Nevada 51.5
New Hampshire 38
New Jersey 32.9
New Mexico 37.3
New York 69.6
North Carolina 57.6
North Dakota 41.4
Ohio 46.4
Oklahoma 35.4
Oregon 49.4
Pennsylvania 50.7
Rhode Island 51.4
South Carolina 35.2
South Dakota 42.4
Tennessee 39.8
Texas 38.4
Utah 42.9
Vermont 43.9
Virginia 38.6
Washington 55.9
West Virginia 51.8
Wisconsin 51.3
Wyoming 32.4

Re: Big Oil...Paying their "Fair Share"

Posted: Tue May 28, 2013 11:08 am
by Ibanez
Baldy wrote:
Ibanez wrote:
For those of you who won't read the article, Baldy forgot something: This is over a 6 year period.
Are you saying that some people don't read the articles? :suspicious:
Yes. :mrgreen: They won't read the caption on the graph that this links to.

Re: Big Oil...Paying their "Fair Share"

Posted: Tue May 28, 2013 11:12 am
by Grizalltheway
89Hen wrote:
TheDancinMonarch wrote:
I wonder what this translates into at the pump.
The other interesting thing is that gas is one of the most heavily taxed commodities to boot.

Gas Taxes/Fees (cpg)
Alabama 39.3
Alaska 26.4
Arizona 37.4
Arkansas 40.2
California 69
Colorado 40.4
Connecticut 64.4
Delaware 41.4
District of Columbia 41.9
Florida 53.4
Georgia 47.8
Hawaii 68
Idaho 43.4
Illinois 62.8
Indiana 61.4
Iowa 40.4
Kansas 43.4
Kentucky 46.2
Louisiana 38.4
Maine 49.9
Maryland 41.9
Massachusetts 41.9
Michigan 61.3 4
Minnesota 46.5
Mississippi 37.2
Missouri 35.7
Montana 46.2
Nebraska 46
Nevada 51.5
New Hampshire 38
New Jersey 32.9
New Mexico 37.3
New York 69.6
North Carolina 57.6
North Dakota 41.4
Ohio 46.4
Oklahoma 35.4
Oregon 49.4
Pennsylvania 50.7
Rhode Island 51.4
South Carolina 35.2
South Dakota 42.4
Tennessee 39.8
Texas 38.4
Utah 42.9
Vermont 43.9
Virginia 38.6
Washington 55.9
West Virginia 51.8
Wisconsin 51.3
Wyoming 32.4
Apparently not heavily enough, as our infrastructure is still in shambles. :coffee:

Re: Big Oil...Paying their "Fair Share"

Posted: Tue May 28, 2013 11:16 am
by Ibanez
Top Ten States with highest gas tax
New York 69.60
California 69.00
Hawaii 68.00
Connecticut 64.40
Illinois 62.80
Indiana 61.40
Michigan 61.30
North Carolina 57.60
Washington 55.90
Florida 53.40


Top 10 Lowest gas taxes
New Hampshire 38.00
Arizona 37.40
New Mexico 37.30
Mississippi 37.20
Missouri 35.70
Oklahoma 35.40
South Carolina 35.20
New Jersey 32.90
Wyoming 32.00
Alaska 26.40

Re: Big Oil...Paying their "Fair Share"

Posted: Tue May 28, 2013 12:20 pm
by Bronco
Grizalltheway wrote: Apparently not heavily enough, as our infrastructure is still in shambles.
Obama got his money to upgrade the infrastructure in the Stimulus bill

Wonder where the money was really spent?
He asks for more money every year for this
He's a crook
Down the Drain - How the federal government flushed away the $833 billion stimulus
Reason ^ | May 2013 | Peter Suderman

The stimulus wasn’t sold as a plan to build bathrooms. “We’ll put people back to work rebuilding our crumbling roads and bridges, modernizing schools that are failing our children, and building wind farms and solar panels, fuel-efficient cars and the alternative energy technologies that can free us from our dependence on foreign oil and keep our economy competitive in the years ahead,” President-elect Obama said in a November 2008 address. The stimulus, Obama vowed, would “put people back to work and get our economy moving again,” creating between 2 million and 2.5 million jobs. Instead, the economy followed the money right down the drain.
In his New York Times bestselling book Throw Them All Out, Government Accountability Institute President Peter Schweizer revealed that 80% of Department of Energy loans went to companies owned by or connected to President Barack Obama’s top campaign fundraisers.
In 2008, then-candidate Barack Obama promised to create 5 million “green jobs” if elected president. However, an analysis by the Institute for Energy Research (IER) finds that since 2009, the Department of Energy’s (DOE) $26 billion loan program created just 2,298 permanent jobs, at a cost of $11.45 million per job created.

Re: Big Oil...Paying their "Fair Share"

Posted: Tue May 28, 2013 12:24 pm
by AZGrizFan
Bronco wrote:
In 2008, then-candidate Barack Obama promised to create 5 million “green jobs” if elected president. However, an analysis by the Institute for Energy Research (IER) finds that since 2009, the Department of Energy’s (DOE) $26 billion loan program created just 2,298 permanent jobs, at a cost of $11.45 million per job created.
I realize this probably isn't really even unusual, but there isn't a person alive who shouldn't think shit like this isn't criminal.

Re: Big Oil...Paying their "Fair Share"

Posted: Tue May 28, 2013 12:27 pm
by Ibanez
AZGrizFan wrote:
Bronco wrote:
I realize this probably isn't really even unusual, but there isn't a person alive who shouldn't think shit like this isn't criminal.
Are we still holding candidates to the promises they make in a campaign? I thought we knew better.

Re: Big Oil...Paying their "Fair Share"

Posted: Tue May 28, 2013 12:40 pm
by LeadBolt
Ibanez wrote:
AZGrizFan wrote:
I realize this probably isn't really even unusual, but there isn't a person alive who shouldn't think **** like this isn't criminal.
Are we still holding candidates to the promises they make in a campaign? I thought we knew better.
No, we don't hold them accountable, which is the crux of the problem...

Re: Big Oil...Paying their "Fair Share"

Posted: Tue May 28, 2013 1:36 pm
by HI54UNI
Grizalltheway wrote:
89Hen wrote: The other interesting thing is that gas is one of the most heavily taxed commodities to boot.
Apparently not heavily enough, as our infrastructure is still in shambles. :coffee:
Or it could be that the politicians are using it for other things. In Iowa, for example, gas tax funds go for bike trails, boat ramps, prairie plantings, motorcycle education, and in the past have been used to pay for the state patrol.

Re: Big Oil...Paying their "Fair Share"

Posted: Tue May 28, 2013 2:52 pm
by ALPHAGRIZ1
Grizalltheway wrote:
89Hen wrote: The other interesting thing is that gas is one of the most heavily taxed commodities to boot.

Gas Taxes/Fees (cpg)
Alabama 39.3
Alaska 26.4
Arizona 37.4
Arkansas 40.2
California 69
Colorado 40.4
Connecticut 64.4
Delaware 41.4
District of Columbia 41.9
Florida 53.4
Georgia 47.8
Hawaii 68
Idaho 43.4
Illinois 62.8
Indiana 61.4
Iowa 40.4
Kansas 43.4
Kentucky 46.2
Louisiana 38.4
Maine 49.9
Maryland 41.9
Massachusetts 41.9
Michigan 61.3 4
Minnesota 46.5
Mississippi 37.2
Missouri 35.7
Montana 46.2
Nebraska 46
Nevada 51.5
New Hampshire 38
New Jersey 32.9
New Mexico 37.3
New York 69.6
North Carolina 57.6
North Dakota 41.4
Ohio 46.4
Oklahoma 35.4
Oregon 49.4
Pennsylvania 50.7
Rhode Island 51.4
South Carolina 35.2
South Dakota 42.4
Tennessee 39.8
Texas 38.4
Utah 42.9
Vermont 43.9
Virginia 38.6
Washington 55.9
West Virginia 51.8
Wisconsin 51.3
Wyoming 32.4
Apparently not heavily enough, as our infrastructure is still in shambles. :coffee:
There are plenty of welfare freeloaders that could be working on this but the people you elect would rather pay them for votes instead of work.

Sent from my DROID BIONIC using Tapatalk 2

Re: Big Oil...Paying their "Fair Share"

Posted: Tue May 28, 2013 3:52 pm
by Bronco
It wasn't a campaign promise back then


The money was in the $833 billion stimulus to do the work but it was spent someplace else

Biden was supposed to give an accounting every two weeks on how and where the spending was going but that didn't happen either

Looks to be in the pockets of Unions, supporters and green boondoggles

BHO gives a speech every year for 5 years saying we need money for infrastructure

Re: Big Oil...Paying their "Fair Share"

Posted: Tue May 28, 2013 5:01 pm
by kalm
AZGrizFan wrote:
Bronco wrote:
I realize this probably isn't really even unusual, but there isn't a person alive who shouldn't think shit like this isn't criminal.
We can all agree that any of Obama's claims should be met with a high degree of skepticism and mocked at for their failure, but equally disappointing is wholly swallowing "facts" from something called the Institute for Energy Research:
The Institute for Energy Research (IER), founded in 1989 from a predecessor non-profit organisation, advocates positions on environmental issues including deregulation of utilities, climate change denial, and claims that conventional energy sources are virtually limitless.

It is a member of the Sustainable Development Network. The IER's President was formerly Director of Public Relations Policy at Enron.

IER has been established as a 501(c)(3) non-profit group. It is a "partner" organization of the American Energy Alliance[1], a 501c4 organization which states that it is the "grassroots arm" of IER.[2] AEA states that, by "communicating IER’s decades of scholarly research to the grassroots, AEA will empower citizens with facts so that people who believe in freedom can reclaim the moral high ground in the national public policy debates in the energy and environmental arena."[2] AEA states that its aim is to "create a climate that encourages the advancement of free market energy policies" and in particular ensure drilling for oil is allowed in the Arctic National Wildlife Refuge and in US coastal waters.[2]

Funding

EIN: 76-0149778
This is a 501(c)(03) public charity [1] :rofl:
According to the ExxonMobils Corporate Giving Reports the IER received 307.000 US$ from the oil company or its foundation between 2003 and 2007.[9] The institute also received 175.000 US$ from Koch Industries according to a Greenpeace report.[10]
http://www.sourcewatch.org/index.php/In ... y_Research" onclick="window.open(this.href);return false;

It's just one of many industry funded "think tanks". :lol:

The rest of IER's findings are just as suspect regarding green jobs considering Obama's goal was set for 10 years, relied heavily on Cap and Trade for funding, and the government didn't start counting green jobs until a couple of years ago:
Despite the president's support for cap and trade, the bill stalled in Congress. That means the main pot of money intended to create Obama's 5 million green jobs -- $150 billion over 10 years -- doesn't exist.

Obama would have another problem in meeting his original green jobs promise -- it would be difficult to prove he achieved it.

That's because the federal government didn't count green jobs until this year. But two years ago, Congress appropriated money for the Bureau of Labor Statistics to survey businesses and establish a baseline number. The bureau says the U.S. had an estimated 3.1 million jobs related to green goods and services in 2010. Later this year we'll learn how many green jobs existed in 2011. But we do not know how many comparable green jobs existed in 2009 or in the pre-Obama years.
http://www.politifact.com/truth-o-meter ... reen-jobs/" onclick="window.open(this.href);return false;
Que Baldy to reject Sourcewatch and Politifact.... :lol:

Re: Big Oil...Paying their "Fair Share"

Posted: Tue May 28, 2013 5:33 pm
by JohnStOnge
[/quote]Que Baldy to reject Sourcewatch and Politifact...[/quote]

Well, that was my first exposure to politifact but I don't see any point in citing Sourcewatch when you're trying to attack the organization in question as being biased. That's because Sourcewatch is obviously just as biased as biased can be.

Re: Big Oil...Paying their "Fair Share"

Posted: Tue May 28, 2013 5:42 pm
by JohnStOnge
Que Baldy to reject Sourcewatch and Politifact...
Well, that was my first exposure to politifact but I don't see any point in citing Sourcewatch when you're trying to attack the organization in question as being biased. That's because Sourcewatch is obviously just as biased as biased can be. Every time Sourcewatch "opens its mouth" its' a case of the pot calling the kettle black.

I did not get the impression that politifact is overtly biased either way from reading that one article.

Re: Big Oil...Paying their "Fair Share"

Posted: Tue May 28, 2013 6:14 pm
by kalm
JohnStOnge wrote:
Que Baldy to reject Sourcewatch and Politifact...
Well, that was my first exposure to politifact but I don't see any point in citing Sourcewatch when you're trying to attack the organization in question as being biased. That's because Sourcewatch is obviously just as biased as biased can be. Every time Sourcewatch "opens its mouth" its' a case of the pot calling the kettle black.

I did not get the impression that politifact is overtly biased either way from reading that one article.
Agreed except Sourcewatch does publish some hard facts including quotes, and funding information that they would be sued over if untrue. They do cite their sources...unlike Bronco.

At the least, it's no worse than regarding the IER as the gospel truth. :mrgreen:

Re: Big Oil...Paying their "Fair Share"

Posted: Wed May 29, 2013 1:11 am
by eagleskins
Never could understand the lobby for the big oil companies. Similar to republicans living in trailer parks voting for George Bush.

Re: Big Oil...Paying their "Fair Share"

Posted: Wed May 29, 2013 4:54 am
by Baldy
kalm wrote:
AZGrizFan wrote:
I realize this probably isn't really even unusual, but there isn't a person alive who shouldn't think shit like this isn't criminal.
We can all agree that any of Obama's claims should be met with a high degree of skepticism and mocked at for their failure, but equally disappointing is wholly swallowing "facts" from something called the Institute for Energy Research:
The Institute for Energy Research (IER), founded in 1989 from a predecessor non-profit organisation, advocates positions on environmental issues including deregulation of utilities, climate change denial, and claims that conventional energy sources are virtually limitless.

It is a member of the Sustainable Development Network. The IER's President was formerly Director of Public Relations Policy at Enron.

IER has been established as a 501(c)(3) non-profit group. It is a "partner" organization of the American Energy Alliance[1], a 501c4 organization which states that it is the "grassroots arm" of IER.[2] AEA states that, by "communicating IER’s decades of scholarly research to the grassroots, AEA will empower citizens with facts so that people who believe in freedom can reclaim the moral high ground in the national public policy debates in the energy and environmental arena."[2] AEA states that its aim is to "create a climate that encourages the advancement of free market energy policies" and in particular ensure drilling for oil is allowed in the Arctic National Wildlife Refuge and in US coastal waters.[2]

Funding

EIN: 76-0149778
This is a 501(c)(03) public charity [1] :rofl:
According to the ExxonMobils Corporate Giving Reports the IER received 307.000 US$ from the oil company or its foundation between 2003 and 2007.[9] The institute also received 175.000 US$ from Koch Industries according to a Greenpeace report.[10]
http://www.sourcewatch.org/index.php/In ... y_Research" onclick="window.open(this.href);return false;

It's just one of many industry funded "think tanks". :lol:

The rest of IER's findings are just as suspect regarding green jobs considering Obama's goal was set for 10 years, relied heavily on Cap and Trade for funding, and the government didn't start counting green jobs until a couple of years ago:
Despite the president's support for cap and trade, the bill stalled in Congress. That means the main pot of money intended to create Obama's 5 million green jobs -- $150 billion over 10 years -- doesn't exist.

Obama would have another problem in meeting his original green jobs promise -- it would be difficult to prove he achieved it.

That's because the federal government didn't count green jobs until this year. But two years ago, Congress appropriated money for the Bureau of Labor Statistics to survey businesses and establish a baseline number. The bureau says the U.S. had an estimated 3.1 million jobs related to green goods and services in 2010. Later this year we'll learn how many green jobs existed in 2011. But we do not know how many comparable green jobs existed in 2009 or in the pre-Obama years.
http://www.politifact.com/truth-o-meter ... reen-jobs/" onclick="window.open(this.href);return false;
Que Baldy to reject Sourcewatch and Politifact.... :lol:
:lol:

Nice mention of industry funded think tanks, but not a word about government funded alarmist think tanks? :suspicious:

Sourcewatch pretty much rejects itself. But as far as Politifact is concerned, I'm sure it's just a coincidence that they give their "Pants on Fire" rating to Conks three times more than they do to Donks. :coffee:

Re: Big Oil...Paying their "Fair Share"

Posted: Wed May 29, 2013 8:19 am
by ALPHAGRIZ1
eagleskins wrote:Never could understand the lobby for the big oil companies. Similar to republicans living in trailer parks voting for George Bush.
Why? You can't have conservative values and choose to own a trailer?

Jesus

Sent from my DROID BIONIC using Tapatalk 2

Re: Big Oil...Paying their "Fair Share"

Posted: Wed May 29, 2013 8:25 am
by ASUMountaineer
Grizalltheway wrote:Apparently not heavily enough, as our infrastructure is still in shambles. :coffee:
Negative. It's the legislators that don't know how to effectively manage money that has led to our infrastructure problems. The answer isn't always "more money," sometimes it's to work smarter not harder.