[Rhodes22-list] Since you've decided to take the gloves off fine

[John Shulick]

Brad Haslett-2 wrote:
> 
> John,
> 
> OK, here's a solution, let's just take all those public lands off the
> market
> like President Clinton did with the 1.7 million acres of coal that are no
> longer available in Utah.  Happy now?
> 
> As for Enron and accounting, some of my fellow undergrad accounting
> students
> got caught in that scandal and got burned for no fault of their own
> because
> they worked for Arther Anderson.. When something seems to good to be true,
> it probably is.   Most of the Anderson people landed on their feet because
> the world never can find enough "realistic" accountants.
> 
> As far as people "pissing down your back", I'm guessing that you think
> some
> 'gubment' 'a-whole' has more "skin in the game" and is more honest than
> someone in the private sector. I'll go out on a limb here and bet you
> didn't
> lose one dime on Enron.
> 
> I've got a whole library on Chairman Mao - you're welcome to a meal at my
> house and listen to some folks who went through the Cultural Revolution
> about the dangers of "I'm here from the government and I'm going to help
> you".  What makes people think that 'gubment' bullshit smells less worse
> than corporate bullshit.  There's no magic bullet out there that will
> protect you from ignorance.
> 
> Think!
> 
> Brad
> 
> 
> 
> On Mon, Jun 16, 2008 at 10:38 AM, John Shulick <jsbudda at verizon.net>
> wrote:
> 
>>
>>
>>
>> John,
>>
>> We keep hearing about those "subsidies" to Big Oil but no one seems to be
>> able to find them in the tax code. As I sit here, I'm staring at a whole
>> shelf of books on oil & gas accounting and I sure as hell can't find
>> them,
>> unless 'they' are referring to the immediate write-offs associated with
>> bringing a well on line (don't ask how I know the tax rules for "dry
>> holes").  The idea of subsidies for Big Oil is a myth.  In fact, the
>> whole
>> idea of Big Oil is a myth.  Exxon/Mobil, the largest of the American oil
>> companies, is number 14 on the list worldwide, and the top five American
>> oil
>> companies control only 6% of the worlds reserves.  As for their "excess
>> profits", their net return is less than 10% versus some software
>> companies
>> with returns of around 25%.  If some dumbass in Congress (let me restate
>> that) if any single dumbass among the majority in Congress wants to go
>> hunting for an "excess profits" target, it wouldn't be an oil company. 
>> As
>> to your numbers regarding donations, I don't have time to check them but
>> they sound about right.  The Dems have voted about 80% of the time
>> against
>> drilling on US land and sea so who do you think the oil companies would
>> support.  What we are suffering from right now with gas prices is
>> Economics
>> 101, which explains why the majority in Congress don't "get it".  They
>> either didn't study economics, they don't understand economics, or deep
>> down
>> they really don't like capitalism.
>>
>> Brad
>>
>> Brad
>>
>>      What price did those companies pay for access to public lands (I
>> believe the phrase is drilling leases) verses the value of the product
>> they
>> produce? If that doesn't qualify as a subsidy I'll buy that bridge in
>> Iraq
>> you're selling. When I bought my house, the minerals under it had been
>> given
>> away 150 or so years ago for pennies and should the owners of those
>> rights
>> decide to they can destroy may home to get to them and all I can do is
>> accept what THEY decide is a fair market value. As for the rules of
>> accounting all I have to say is "Enron". It may not be the case for you
>> in
>> your life experiences but for me "Trickle down economics" means some rich
>> s.o.b. is urinating down my back and then telling me
>> its raining.
>>
>> John Shulick
>> --
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>>
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