Obama calls for end to foreign oil dependence in 10 years
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Aug 4, 2008, 17:34 GMT
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You might want to ask your State representative energy conservation? How much gas, oil and electricity we could save, if we sent illegal aliens packing.
We cannot keep up the demand for it right now! Oil! Diversity Alliance for Sustainable America.(earthtimes) stated in it's article that if the U.S. grants amnesty and gives citizenship to 12 to 30 million illegal migrants already here, as McCain, Obama and the majority of Democrats propose. That all those naturalized citizens could possibly add 120 million U.S. and foreign-born relatives to the U.S., in the next 20 years whom all will CONSUME MAJOR ENERGY. Does the American people need to escalate the 315 million plus population, the census estimates we have now? To a new total of 435 million?
The executive director of (DASA) admitted 'Proposal to reduce energy costs in the U.S. will not work unless we also simultaneously curb U.S. population growth by reducing immigration and curbing teen pregnancies.' Severing the illegal immigration occupation and deporting those already here is a good start, but not the complete solution to this serious energy problem that cannot be reversed.
Unless another Nikola Tesla, an underrated genius of the 19th century invents a some new form of energy, we will be reliant on fossil fuels for years to come? Clean coal, geothermal, eco-fuel, nuclear and of course wind power and solar. The latter is energy that is a perpetual source of unimaginable power that knows no bounds.
The Save Act (H.R.5088) is an enforcement federal bill only, to start the EXODUS of foreign nationals illegally in AMERICA. NUMBERSUSA has all the unsuppressed facts
Footnote:
As an American patriot and a Independent (populist) I have just donated $50.00 to judicial watch. They are a non-profit law group Promoting Integrity, Transparency and Accountability in Government, Politics and the Law & enforce citizens rights. The 9th District Court is a liberal-socialist, anti-sovereignty, pro-illegal immigration group of judges, who interprets the law from the bench.
They undermined Californians Proposition 187, that would have terminated of dollars in welfare benefits to illegal immigrants. Donate to JUDICIAL WATCH cause to effectively get the FEDERAL 'RICO LAW' interpreted by the US Supreme court and stop the travesty of our immigration laws and, fine, confiscate assets and imprison predatory employers. GOOGLE--Judicial Watch website for all details on government corruption.
Join also NUMBERSUSA for free and read the truth, not lies released by our liberal, biased press.
Obama has called for everything by now, very often he calls for the opposite of what he called for yesterday.
Christ Almighty, the first two posters a couple of simpletons.
It's easy to call for things, that's all he has ever done.
'Obama also called for an immediate 1,000-dollar tax rebate for US consumers, paid for by a windfall-profits tax on US oil companies that have reported record profits this year.'
So does that mean that if times are tough for the oil companies government will be giving them money? Jimmy Carter tried this stupidity and it lead to recession and gas lines.
Barack Obama is a dangerous incompetent.
...but that really does not make me wrong.
Obama wants to end our dependence on oil from Venezuela and the Middle East.
FACT: We import most of our oil from our neighbors directly to the north and then directly to the south.
I thought Obama was some sort of genius and he shares the misconception, as many American do, that our oil comes mainly from the ME and Venezuela?
I thought Obama informed himself of issues completely.
Is he just playing politics or is he misinformed?
And is the timeline of 10 years even realistic?
'Is he just playing politics or is he misinformed?'
He is just saying what he has been told to say in order to get elected,
'And is the timeline of 10 years even realistic?'
Not at all, but that isn't even an issue. The issue is what BS can be passed off on the largest number of dupes.
...if we use 16 million barrels a day, and we import 70% of that, we'd have to reduce our consuption 1.12 million bbls a DAY, EACH year for TEN years, with no gorwth in the figure.
This would mean adding an ANWR to our output (800,000 bbls DAILY,)EACH year, for 10 years!
Or
doubling ethanol output annually for...5(?) years?!
Obama counts on you not knowing this.
The way Obama does arithmetic, he probably really means by the end of his first term. He has had problems with math in the past.
The man is a lawyer, not a mathematician, and not qualified to be President, either.
My,my...what a bunch of stupid comments ,somebody of the republican smear campaign team even managed to post that Obama is a socialist which would even give money to the oil idustry tycoons .For these guys there is no hope .No level of education can cure that.They 'll just have to try to make the best with the meagre capacities nature has bestowed upon them .But for the others there is good news .Increased tax on the oil industry means less tax for you to pay and that is good news .Because your financial situation is so bad that somebody will have to pay for it .Let it be the rich for a change .Reagan and Bush have put the burden on the poorest parts of the population too much ,the top 1 percent of the population has profited from the Bush administration in a gross manner .Time to turn the tables ..if you want .
And of course Obama will never give money to the oil companies,only a few retarded republicans say so.
I noticed a vast smear campaign against Obama for more than a month,based on lies and smear,never based on the program of the republican party .I guess the results of the past 8 years are so embarassing,and the measures proosed so little that the only gain for them is to smear the opponents .
So I few questions to them :what is your exit strategy for Iraq,what will you do about the high profits of the oil tycoons,is all this moral?Has Bush improved the education of your population?Do you think it is normal that journalists recieve no information on the White house press briefings?Do you think it is normal that the EPA staff can not even be questionned by congress members ?Etc,etc,
Hey tonny, don't you have anything to do in your life other then obsessing about the USA?
What Is a 'Windfall' Profit?
The 'windfall profits' tax is back, with Barack Obama stumping again to apply it to a handful of big oil companies. Which raises a few questions: What is a 'windfall' profit anyway? How does it differ from your everyday, run of the mill profit? Is it some absolute number, a matter of return on equity or sales -- or does it merely depend on who earns it?
Enquiring entrepreneurs want to know. Unfortunately, Mr. Obama's 'emergency' plan, announced on Friday, doesn't offer any clarity. To pay for 'stimulus' checks of $1,000 for families and $500 for individuals, the Senator says government would take 'a reasonable share' of oil company profits.
Mr. Obama didn't bother to define 'reasonable,' and neither did Dick Durbin, the second-ranking Senate Democrat, when he recently declared that 'The oil companies need to know that there is a limit on how much profit they can take in this economy.' Really? This extraordinary redefinition of free-market success could use some parsing.
Take Exxon Mobil, which on Thursday reported the highest quarterly profit ever and is the main target of any 'windfall' tax surcharge. Yet if its profits are at record highs, its tax bills are already at record highs too. Between 2003 and 2007, Exxon paid $64.7 billion in U.S. taxes, exceeding its after-tax U.S. earnings by more than $19 billion. That sounds like a government windfall to us, but perhaps we're missing some Obama-Durbin business subtlety.
Maybe they have in mind profit margins as a percentage of sales. Yet by that standard Exxon's profits don't seem so large. Exxon's profit margin stood at 10% for 2007, which is hardly out of line with the oil and gas industry average of 8.3%, or the 8.9% for U.S. manufacturing (excluding the sputtering auto makers).
If that's what constitutes windfall profits, most of corporate America would qualify. Take aerospace or machinery -- both 8.2% in 2007. Chemicals had an average margin of 12.7%. Computers: 13.7%. Electronics and appliances: 14.5%. Pharmaceuticals (18.4%) and beverages and tobacco (19.1%) round out the Census Bureau's industry rankings. The latter two double the returns of Big Oil, though of course government has already became a tacit shareholder in Big Tobacco through the various legal settlements that guarantee a revenue stream for years to come.
In a tax bill on oil earlier this summer, no fewer than 51 Senators voted to impose a 25% windfall tax on a U.S.-based oil company whose profits grew by more than 10% in a single year and wasn't investing enough in 'renewable' energy. This suggests that a windfall is defined by profits growing too fast. No one knows where that 10% came from, besides political convenience. But if 10% is the new standard, the tech industry is going to have to rethink its growth arc. So will LG, the electronics company, which saw its profits grow by 505% in 2007. Abbott Laboratories hit 110%.
If Senator Obama is as exercised about 'outrageous' profits as he says he is, he might also have to turn on a few liberal darlings. Oh, say, Berkshire Hathaway. Warren Buffett's outfit pulled in $11 billion last year, up 29% from 2006. Its profit margin -- if that's the relevant figure -- was 11.47%, which beats out the American oil majors.
Or consider Google, which earned a mere $4.2 billion but at a whopping 25.3% margin. Google earns far more from each of its sales dollars than does Exxon, but why doesn't Mr. Obama consider its advertising-search windfall worthy of special taxation?
The fun part about this game is anyone can play. Jim Johnson, formerly of Fannie Mae and formerly a political fixer for Mr. Obama, reaped a windfall before Fannie's multibillion-dollar accounting scandal. Bill Clinton took down as much as $15 million working as a rainmaker for billionaire financier Ron Burkle's Yucaipa Companies. This may be the very definition of 'windfall.'
[...]
The point isn't that these folks (other than Mr. Clinton) have something to apologize for, or that these firms are somehow more 'deserving' of windfall tax extortion than Big Oil. The point is that what constitutes an abnormal profit is entirely arbitrary. It is in the eye of the political beholder, who is usually looking to soak some unpopular business. In other words, a windfall is nothing more than a profit earned by a business that some politician dislikes. And a tax on that profit is merely a form of politically motivated expropriation.
It's what politicians do in Venezuela, not in a free country.
that five out of every four Americans have trouble with fractions.
The lying Yanqui says: 'It's what politicians do in Venezuela, not in a free country.'
Venezuela is a free country. It is free of the yoke of yanqui imperialist exploitation. We hold free and fair elections. None of our elections are rigged or stolen like yours.
You say: 'And a tax on that profit is merely a form of politically motivated expropriation.' Not at all, my pig brained friend. It is enforced sharing of wealth so that ALL citizens get a share of their resource pie. Why should all of it go to some gluttonous pig in a foreign country? You may shout the lie about the dollars spent by Big Oil to find the black gold. Well, what about the billions of dollars spent by the host country on port improvements, infrastructure expansion, new roads and other things, to accommodate the corporations so that they can exploit OUR resource? That is an investment that requires a FAIR return.
Windfall????? When the situation results from a needless war, and speculators with no conscience, it is not windfall. It is planned rape of the less monetrarily advantaged Joe Average Citizen.
'Venezuela is a free country'
LOL..
'Not at all, my pig brained friend.'
I think it's safe to say that you don't have any friends.
' You may shout the lie about the dollars spent by Big Oil to find the black gold.'
A lie?
'Well, what about the billions of dollars spent by the host country on port improvements,'
The oil companies built their own ports and roads in Venezuela... Which Chavez then 'nationalized' (stole).
'It is planned rape of the less monetrarily[sic] advantaged Joe Average Citizen.'
Hey Trotskyite... Newsflash: Communism does not work. Why do you think it has been abandoned by everyone with half a brain?
The actual quote from CNN.com: 'If I am president, I will immediately direct the full resources of the federal government and the full energy of the private sector to a single, overarching goal -- in 10 years, we will eliminate the need for oil from the entire Middle East and Venezuela,'
Nothing there about Mexico, Canada, or 'Foreign Oil,' so maybe he plans to continue importing from our neighbors and genuine allies. As you said, most of our foreign oil comes from them, so this would be a much more realistic goal.
Where does he plan to get 150 billion dollars and where does he plan to get it??? I like cake.
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SP4: Of Course he didAug 4th, 2008 - 18:40:05
AFTER ignoring the problem
hen calling for hybrids that do not yet exist, and the decade(s)it would take ot build the fleet.
calling for punishing taxes on oil companies AFTER they spend the money to drill and recover.
calling on tax rebates to put the government in the oil business.
This is a man who wishes to lead
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