That's what cracks me up about the calls for removing those tax breaks. But do you really expect the MSM to actually educate the people calling for them? Of course not. It's all about enriching Obama's green cronies.
That's why it can be a bit mystifying sometimes....and listen, I get what Kcballer is saying, I really do, but the whole "tax breaks" or "windfall tax" thing is a non-starter. The only way I would ever even THINK about backing something like that is if the funds went directly into a specified fun for R&D/Research Grants/Build-outs/etc and not into a general fund so it can be pissed away. That's it and that is one of my huge qualms with the call for "windfall taxes" and "millionaire surcharges" and other such schemes.
These big sweeping generalizations, which are often just misdirection and doublespeak, are like clockwork for the drooling public.
Oil is expensive because:
- Supply is flat while demand is rising.
- New oil discoveries require a higher price p/barrel to be feasible hence making a high price floor.
- Inflation caused by the Federal Reserve + decreased value/purchasing power of the dollar caused by the Federal Reserve. Both of which are done on purpose.
- Several nations are in production decline thus limiting the amount of net exports.
Speculation is a blip on the radar....it's the above 3 (in my opinion) that are causing this. Thing is, those aren't reversible, that's what makes Newt's $2.50 p/gallon or Bachmanns $2.00 p/gallon or even Dunce Palin proclamations about how she "knows" energy all the more hilarious and totally wrong.
