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Home » News » Business

Sunday, October 12, 2008

Pump prices give bit of relief

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Lower oil costs hint at recession

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kmooneyham

I knew this was going to happen: oil and gas would go down in price SOME, and then everyone would say oh how cheap it is now...NO ITS NOT! I have this thing called a brain, and it remembers that gasoline was MUCH less than $3.00 not so long ago...if and when the gas prices get back down there, then I'll feel like gas is cheap again...and now is the time to DRILL...before this credit mess gets sorted out and the prices go back up!
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aullman

Hopefully we have learned our lesson as a nation and as consumers, in regard to dependence on foriegn oil. As long as this nation is dependent on foriegn oil, we will be in a reactive mode to every world event, hurricane, etc. In order to have control of our own destiny, we need to get away from our dependency on foriegn oil. The best way to cut down on dependence on foriegn oil is to cut down on consumption. Every day, the roadways are jammed by commuters trying to make their way to downtown offices. Most of these commuters could just as easily work in remote offices located near where they live, so they could cut out long daily commutes. Remote Office Centers offer a very simple solution to the problem of overcrowded roadways and high gas prices. Remote Office Centers lease individual offices, internet and phone systems to workers from different companies in shared centers located around the city and suburbs. The US spends $700 billion per year on imported oil. This is enough to fund the wall street bailout. Remote Office Centers are fairly new, but can be found in most cities by searching the internet for "Remote Office Centers" in quotes. Remote work solutions and telecommuting do not require new technology. The technology already exists. Workers and employers just need to accept a new work model. The results would be less dependence on oil, lower costs for roadway development and more free time for the American worker. So, what is the downside?
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Kowboy

We dropped under $3/ga here. Can the Democrats please destroy some more banks? Maybe we can get it under $1/ga if they will get off their lazy butts and git'r done.
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winwinaround

Democrats has people thinking that the US. Big Oil companies do not pay taxes, However they pay in more taxes to the GOV. then anything else. In fact, oil companies have paid in taxes more than three times what they earned in profits during the last 28 years. Here’s what Exxon Mobil paid in state and federal taxes in the third quarter of 2006 alone: Income taxes: $7.68 billion Excise taxes: $7.76 billion All other taxes: $10.79 billion Total taxes remitted/paid: $26.24 billion Internal Revenue Service (Table 6, p. 41) -- In 2005 (the most recent year for which data are available), the bottom 75% of all individual taxpayers (about 100 million taxpayers out of 132 million total) paid about $130.9 billion in income taxes. Adjusting by the recent average of about $5 billion in annual increases in tax revenue from individuals, it is estimated that the bottom 75% of individual taxpayers (more than 100 million individuals) paid about $136 billion in 2006. ***Bottom Line: In 2006, U.S. oil companies paid more in corporate income taxes to the IRS ($138 billion) than the individual taxes paid by the more than 100 million individual taxpayers in the bottom 75% of all individual taxpayers (estimated to be $136 billion, ).
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mcleangirl

Unfortunately, like a good little girl, I bought 1,000 gallons of home heating oil during the summer when it is supposed to be at its cheapest. Lost $900 on that move.
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