http://dangerousintersection.org/2007/01/18/house-passes-bill-to-rescind-tax-breaks-for-oil-companies/ Human Animals at the Crossroads of Culture, Science, Religion and Media Mon, 01 Dec 2008 20:47:29 +0000 http://wordpress.org/?v=2.6.3 http://dangerousintersection.org/2007/01/18/house-passes-bill-to-rescind-tax-breaks-for-oil-companies/#comment-9529 grumpypilgrim Fri, 19 Jan 2007 05:50:47 +0000 http://dangerousintersection.org/?p=964#comment-9529 I'm amazed that people in the Bush Administration can say with a straight face that tax breaks for Big Oil will reduce America's dependence on foreign oil. Exactly how does that happen? Foreign oil is a huge percentage of the oil America consumes; therefore, the only way to reduce America's dependence on foreign oil is to reduce America's dependence on oil. Bush has opposed every effort to do that, claiming it would hurt economic growth. Thus, while Bush talks about reducing America's dependence, his actions tell the opposite story. Like any drug dealer, Bush wants the initial price low, so more people will get hooked. Once they're hooked, then jack up the price periodically to drain their wallets. Not for very long, though, or else people might find ways to avoid the higher prices. No, just soak them long enough to make obscene profits, then drop the price back down so your customers are thrilled to be paying "less" and will therefore buy even more of your product. So, sales go up and Big Oil makes another fat profit. I’m amazed that people in the Bush Administration can say with a straight face that tax breaks for Big Oil will reduce America’s dependence on foreign oil. Exactly how does that happen? Foreign oil is a huge percentage of the oil America consumes; therefore, the only way to reduce America’s dependence on foreign oil is to reduce America’s dependence on oil. Bush has opposed every effort to do that, claiming it would hurt economic growth. Thus, while Bush talks about reducing America’s dependence, his actions tell the opposite story. Like any drug dealer, Bush wants the initial price low, so more people will get hooked. Once they’re hooked, then jack up the price periodically to drain their wallets. Not for very long, though, or else people might find ways to avoid the higher prices. No, just soak them long enough to make obscene profits, then drop the price back down so your customers are thrilled to be paying “less” and will therefore buy even more of your product. So, sales go up and Big Oil makes another fat profit.

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