Hilary Clinton says she will seize oil company profist
Seriously.. she said she wants to "take" the profit from privately owned oil companies.
Blogging will be light today. Hangover from Hell.
7 comments:
Anonymous
said...
Ah. Private companies in a particular sector making too much profit. Must tax them. Bonkers.
These companies have invested billions to make the profits, and they are making lots because of global oil prices. Taxing high profit/high risk areas just tends to stop people investing in high risk things. Like renewables for example.
Hilary Clinton might end up with egg on her face. All that lovely profits made over the last few years does not disappear into someone's pocket, a lot of it is invested in new fields. Oil companies reduce that investment = less oil = higher petrol prices.
That is why there was so much anger at Brown DOUBLING the tax on oil companies in the North Sea without warning, don't think the trade and industry department was happy either. They had been trying to encourage smaller companies to invest there too, and Gordon needing a quick fix to his empty coffers blew that out of the water. Everything that man has done has been for short term gain and will cost us dearly in years to come, anyone fancy a pension? Never has a chancellor been so praised during his term in office, but he will be vilified in years to come when we feel the bite of his spend now and pay later chancellorship.
Quickly, sell all your shares in Texaco, find out what companies she's going to dole out the cash to (who is funding her campaign by the way, what line of work are they in?), and get in quick.
Goodness gracious me. Dizzy got dizzy. Was just hearing the tale of a local newspaper hack who NUJ got off being sacked after a similar blow to the chin on the booze. Much helped by some expletives rather like those deleted from the Finegold tape submitted to the court and transcriptised (mostly without mention of the potty mouthed gap) in all the papers.
7 comments:
Ah. Private companies in a particular sector making too much profit. Must tax them. Bonkers.
These companies have invested billions to make the profits, and they are making lots because of global oil prices. Taxing high profit/high risk areas just tends to stop people investing in high risk things. Like renewables for example.
Hilary Clinton might end up with egg on her face. All that lovely profits made over the last few years does not disappear into someone's pocket, a lot of it is invested in new fields.
Oil companies reduce that investment = less oil = higher petrol prices.
That is why there was so much anger at Brown DOUBLING the tax on oil companies in the North Sea without warning, don't think the trade and industry department was happy either. They had been trying to encourage smaller companies to invest there too, and Gordon needing a quick fix to his empty coffers blew that out of the water. Everything that man has done has been for short term gain and will cost us dearly in years to come, anyone fancy a pension?
Never has a chancellor been so praised during his term in office, but he will be vilified in years to come when we feel the bite of his spend now and pay later chancellorship.
I think she's going to be the next president too.
Quickly, sell all your shares in Texaco, find out what companies she's going to dole out the cash to (who is funding her campaign by the way, what line of work are they in?), and get in quick.
Lightweight. The hangover might explain the typos..
cheers for the "parting shot" Dizzy
A blow to my chin .
patchy memory.
Goodness gracious me. Dizzy got dizzy. Was just hearing the tale of a local newspaper hack who NUJ got off being sacked after a similar blow to the chin on the booze. Much helped by some expletives rather like those deleted from the Finegold tape submitted to the court and transcriptised (mostly without mention of the potty mouthed gap) in all the papers.
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