Obama - WTF a new tax on oil?

[Hard_Rom]

Governments get huge tax revenue of oil. Price of oil drops the government has to look elsewhere for revenue. Just because income drops does not mean expenses drop. Don't like gas prices. Don't drive or buy little 4 cylinder thing. Ride bus or a bicycle. Taxing gas is a sin tax like smokes and booze. You can live without any. Just make different if not better decisions in life priorities.

Gas is .89 cents a litre in Ontario today. Over $3.50 a gallon CND. Close to $4 US.

 

[pensivepoet]

You're making my point.
When oil prices are low, prices don't go down. But when the price goes up, all costs go up.
Don't worry, you won't even notice.
That's how it works.

 

[SgtSpiderMan]

You're making my point.
When oil prices are low, prices don't go down. But when the price goes up, all costs go up.
Don't worry, you won't even notice.
That's how it works.

What is your point? That the price of gas dictates the price of other products? Or that companies charge whatever customers are willing to pay?

 

[pensivepoet]

What is your point? That the price of gas dictates the price of other products? Or that companies charge whatever customers are willing to pay?

Yes to the first
No to the second
They will charge whatever they like.
Willing has nothing to do with it.
They have it and you need it.

 

[SgtSpiderMan]

Yes to the first
No to the second
They will charge whatever they like.
Willing has nothing to do with it.
They have it and you need it.

So that brings us back to the fact that you can't name any products that dropped in price when gas dropped in price.

And willing has everything to do with it.

 

[Hard_Rom]

Gas is down. The CDN dollar is down. Tourists destinations giving big discounts to attract Canadian visitors.

http://www.cbc.ca/news/business/canadian-dollar-travel-snowbirds-1.3433817

U.S. vacation hot spots offer discounts to dollar-weary Canadians

Low loonie has sparked fears Canadians won't fly south without tempting deals

Grace Tenhoeve used to be a diehard snowbird, fleeing to Florida every year to escape Canadian winters. But this year, the 71-year-old isn't taking flight.

"When the dollar dropped I said, 'You know what, I'm not going,'" recalls Tenhoeve, who lives in Waterdown, Ont.

Living alone on a fixed income, the senior says she can't afford to hibernate down south with the loonie hovering around 72 cents U.S.

"I'm not that rich," she says.

Now, U.S. hot spots are out to convince Canadians their dollar has more value than they think. Vacation destinations Scottsdale, Ariz., Kissimmee, Fla., and Myrtle Beach, S.C. are trying to lure Canucks by offering deep discounts to help make up for the weakened loonie.

Exclusively for Canadians, hotel deals include meal vouchers, free upgrades and up to 25 per cent off accommodation. There are also discounts on golf, boat tours, shopping and spas.

"The exchange rate has been thrown out the window," declares the campaign's website about a deal at Spa Lamar, where the loonie is on par with the American dollar.

The Phoenician, a high-end resort in Scottsdale, is offering Canadians a package promotion. Customers get the fourth night free, a $100 food voucher and a complimentary room upgrade.

http://www.cbc.ca/news/business/snowbirds-loonie-real-estate-1.3425322

Snowbirds rush to sell U.S. homes to profit from tanking loonie

A weak loonie and rising U.S. home prices amount to a double windfall for Canadian sellers

In 2010, the loonie was virtually at par and the U.S. housing market had crashed when the Winnipeg couple bought an Arizona home to escape Canadian winters.

"It was a fabulous deal," says Barrett from their three-bedroom bungalow in San Tan Valley near Phoenix.

Recently, he and his 73-year-old wife contemplated selling to lighten the burden as they age. When they crunched the numbers, they couldn't resist taking the plunge. Thanks to the rebounding U.S. real estate market, they have just sold their Arizona home for 65 per cent more than what they originally paid. Add the exchange rate with the loonie hovering around 71 cents US, and you could say the couple hit the jackpot.

"In Canadian terms, it's double the boost," says Barrett. "I'm walking on sunshine, and don't it feel good," he adds, quoting a favourite pop song

 

[trysail]

Tax Milk !


A gallon of milk is now more expensive than a gallon of gasoline (a/k/a petrol).


http://assets.bwbx.io/images/iixVT1REDeJo/v3/-1x-1.png



​

 

[miles]

Maybe he was taken out of context again:

Obama told Georgetown University students in a 2011 speech that “rising prices at the pump affect everybody -– workers, farmers, truck drivers, restaurant owners, students who are lucky enough to have a car. “And every time the price of a barrel of oil on the world market rises by $10, a gallon of gas goes up by about 25 cents,” Obama said in 2011.

 

[Vagina_Dentata]

Every time the price of oil/gasoline drops, the various governmental agencies add additional taxes, thinking since the price is low, no one will bitch about it. They couldn't possibly get away with it when the price is high.

 

[AlexVega]

Every time the price of oil/gasoline drops, the various governmental agencies add additional taxes, thinking since the price is low, no one will bitch about it. They couldn't possibly get away with it when the price is high.

Most government workers have a union to "protect" them. What about the citizen?

Who protects the "citizen" from government?

 

[Vagina_Dentata]

Most government workers have a union to "protect" them. What about the citizen?

Who protects the "citizen" from government?

You get what you vote for.

 

[miles]

The Fraud has declared that clean energy helped grow our economy.

The lies never stop.

 

[4est_4est_Gump]

If people don't want to pay the tax on gasoline they don't have to.

Once again, I have to chide you on your very fundamental lack of understanding of economic activity in the US.

Just about EVERYTHING you buy is transported to the store meaning that with each and every purchase, you pay the imbedded cost of gasoline taxes, even if you;re one of those freaks who things he can save the planet by bicycling to work every day (when the weather allows).

 

[Sean Renaud]

According to today's USA TODAY, it will mean $2.76 per 15 gal fill up for us all, and affect home heating oil.
That's gonna really suck when gas goes back up to 3 bucks a gallon.
Not only will the oil co's pass the tax on to us, but like they always do, they'll pass it on as if it's a 20 dollar tax and they'll profit from the tax.
Thanks Obama. Just what the middle class needs.

Which means prices go up what? A penny?

 

[SgtSpiderMan]

Once again, I have to chide you on your very fundamental lack of understanding of economic activity in the US.

Just about EVERYTHING you buy is transported to the store meaning that with each and every purchase, you pay the imbedded cost of gasoline taxes, even if you;re one of those freaks who things he can save the planet by bicycling to work every day (when the weather allows).

That would be a first time you've corrected me on anything, and the key there is would. I'll ask that you cite anytime you've corrected me on anything and I expect the silence you give when asked a direct question.

The price of an object is determined by what consumers are willing to pay for it. If a new tax is placed on gasoline and oil companies try to pass that cost onto consumers who don't want to pay it the supply of gasoline will go up which will make the cost go down.

I'm not saying that consumers can go without it forever, I'm saying that they can choose to buy so little of it, it isn't worth as much.

 

[4est_4est_Gump]

Not really.

No one can sell any good or service for less than it takes to produce it.

The consumer can go to a substitute good or service if the cost is set too high,

BUT

There is no alternative, viable and cost-effective source of transportation energy than gas...

Everything you purchase has the cost of transportation factored into it. No business operates for long at a loss.

 

[SgtSpiderMan]

Not really.

No one can sell any good or service for less than it takes to produce it.

The consumer can go to a substitute good or service if the cost is set too high,

BUT

There is no alternative, viable and cost-effective source of transportation energy than gas...

Everything you purchase has the cost of transportation factored into it. No business operates for long at a loss.

You certainly can sell a good or service for less than it costs to produce it, quite a few businesses do. The question is how long can a business do that. As an example Uber is supposedly running at a huge loss. http://www.businessinsider.com/ubers-revenue-profit-and-loss-2015-8

There are quite a few alternatives. Walking, riding a bike, public transportation.

 

[Sean Renaud]

Not really.

No one can sell any good or service for less than it takes to produce it.

The consumer can go to a substitute good or service if the cost is set too high,

BUT

There is no alternative, viable and cost-effective source of transportation energy than gas...

Everything you purchase has the cost of transportation factored into it. No business operates for long at a loss.

Ignoring the simple fact that yes people can sell goods or services for less than it costs to produce it lets move to the meat of your statment. Which essentially has two problems which we found out heavily in 2008 when gas sky rocketed for a bit.

*Everything you purchase has the cost of transportation factored into it. No business operates for long at a loss.*

The first is the assumption that these companies, every single one of them was making a tiny profit margin and any alteration down the line would alter everything down the line. Not all companies are actually right there.

Second and this part is important what precisely is the difference in transportation costs for your big businesses? That extra three bucks per 15 gallons of gas gets spread evenly over EVERYTHING in the truck. I've worked in a warehouse before so obviously it depends heavily on what your talking. More loaves of bread fit in a truck than say washing machines. But you're not gnna give a shit if your washing machine ticks up ten bucks in price. As for bread a single pallet could contain 100 individual packets.

So before we all start panicking someone needs to give realistic costs for what this should do.

And it's not gonna happen with a Republican Congress. IT's not an idea that Ithink is particularly great since we are trying to phase it out already. But hey I'm not in charge.

 

[AlexVega]

That would be a first time you've corrected me on anything, and the key there is would. I'll ask that you cite anytime you've corrected me on anything and I expect the silence you give when asked a direct question.

The price of an object is determined by what consumers are willing to pay for it. If a new tax is placed on gasoline and oil companies try to pass that cost onto consumers who don't want to pay it the supply of gasoline will go up which will make the cost go down.

I'm not saying that consumers can go without it forever, I'm saying that they can choose to buy so little of it, it isn't worth as much.

Clearly, you are mentally unfit to add any value and what ever you post here is rubbish.

Love how you forgot that you posted that being a government employee tax payers have control over what you are paid. Sadly, you are clearly over paid. Based on your EIQ and IQ, I put your value at $3.25/hr

 

[LJ_Reloaded]

I'm going to disagree with you. The price of gas has dropped incredibly over the past year, what products have gone down in price?

I'm seeing the cost of food go down dramatically around here in NorCal. Astoundingly, under $3 for tri-tip at major supermarkets, and chicken drumsticks for $0.49 a pound, week after week, and now being touted as every day prices, this was trending way before Superbowl Sunday week. Even eggs have gone down by about a buck in California despite our new crazy egg regulations which will probably be shot down once attorneys figure out how to sue it properly, citing the Constitution's Interstate Commerce Clause.

I do think that lower fuel prices are partially the cause of this, but this isn't entirely due to that. I think other factors are at play. Heavy rains could be making it easier to feed cattle, for instance.

The problem with cheap gasoline is people are buying SUVs and guzzling more gasoline per mile as a result. Russia saw the consequences of that during their last big drought, which also affected us to a lesser degree. It's kind of counterproductive to lower gasoline prices if this raises oil consumption, which results in more global warming, and droughts, which cause food shortages like what recently happened with Russia's wheat crops. Cheap gasoline means fuck all if there's less or no food to haul.

The big question here is what is Obama wanting to do with that oil tax?

http://www.politico.com/agenda/story/2016/02/obama-oil-tax-budget-000038

President Barack Obama is about to unveil an ambitious plan for a “21st century clean transportation system.” And he hopes to fund it with a tax on oil.

Obama aides told POLITICO that when he releases his final budget request next week, the president will propose more than $300 billion worth of investments over the next decade in mass transit, high-speed rail, self-driving cars, and other transportation approaches designed to reduce carbon emissions and congestion. To pay for it all, Obama will call for a $10 “fee” on every barrel of oil, a surcharge that would be paid by oil companies but would presumably be passed along to consumers.

There is no real chance that the Republican-controlled Congress will embrace Obama’s grand vision of climate-friendly mobility in an election year—especially after passing a long-stalled bipartisan highway bill just last year—and his aides acknowledge it’s mostly an effort to jump-start a conversation about the future of transportation. But by raising the specter of new taxes on fossil fuels, it could create a political quandary for Democrats. The fee could add as much as 25 cents a gallon to the cost of gasoline, and even with petroleum prices at historic lows, the proposal could be particularly awkward for Hillary Clinton, who has embraced most of Obama’s policies but has also vowed to oppose any tax hikes on families earning less than $250,000 a year.

mass transit, high-speed rail, self-driving cars, and other transportation approaches designed to reduce carbon emissions and congestion

This is an enormous benefit to America, including further reductions of our dependency on foreign oil and slowing down global warming.

 

[Sean Renaud]

I don't see high speed rail becoming a realistic thing in the US. The rest is great though.