Originally posted by balance_else_complacent:
It seems that no one in the world can stop the oil hikes except the oil people themselves. So, no government appears to be doing wrong. This leads me to assume that they have nothing to do with price hikes. They appear innocent.But why is it that oil companies are not taxed more given their revenue sky rocketed?
Is it not true that oil companies revenue sky rocketed? Not true that middleeast people are driving bigger oil guzzling cars now than before?
This world is so full of 'honest' elites.
Everybardie is blaming everyone else for the price hikes. But in fact.. nobardie is innocent.
It serves OPEC not much purpose to keep price at a high level. When oil consuming countries goes into alternative fuel mode.. oil demand will fall. So keeping it at a more affordable price will ensure their market continuity.
Oil companies will not lose out either way. Their business is not just about oil extraction, it's very much about selling to consumers.. through their fuel distribution channels and infrastructures. Price go up.. they earn.. price go down they sell more.. so they still win.
Market speculations..and the US dollar losing steam.. very complicated, me not financial expert.
As long as we continue our reliance on fossil oil.. our balls will be tied to the volatile oil producing regions.
Here is a link on the pros and cons of Oil Windfall Tax.
Originally posted by hisoka:i stil don’t get why there’s not much money and time poured into alternative energy sources like solar. they’ve been around for ages and the technology should at least be at a useable level by now…..
Usable yes.. but too expensive still.
When does a tax becomes a subsidy?
Ans. When that tax had been around long enough to be depended as revenue to fund social programmes. If without these tax monies, some social programmes may be curtailed or underfunded.
So I suppose the same can apply to when has earth become square, ha ha ha. Ridiculous, absurd, where is the brain and intelligence?
When does a tax becomes a subsidy?
When gold falls from the sky, a tax will become a subsidy.