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Oil prices spiralling out of control again!!!

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Old 04-01-2008, 04:35 PM
  #81  
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Originally Posted by ewrbasedpilot
Heard on the news today that our illustrious congress is going to start hearings as to why the oil industry is getting $17 BILLION in tax incentives when business are shutting down while they are making record profits. I'm still trying to figure why the airlines are taxed worse than "sin taxes".
The problem with the politicians getting involved is that it will only increase the price at the pump. If Congress reduces the finanical assistance or adds additional taxes, either way the oil co. will pass along their increased costs to maintain margins.

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Old 04-02-2008, 03:03 PM
  #82  
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Originally Posted by REAL Pilot
The problem with the politicians getting involved is that it will only increase the price at the pump. If Congress reduces the finanical assistance or adds additional taxes, either way the oil co. will pass along their increased costs to maintain margins.

Carpe Diem
Mr. Malone of BP said exactly that during the inquiry yesterday.

-Fatty
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