...that is, if the chief of ExxonMobil, Rex Tillerson, has his way.
Exxon supports carbon tax
........ Herald News Services
Friday, January 09, 2009
Exxonmobil corp., the world's largest crude oil refiner, supports taxing carbon dioxide as the most efficient way of curbing greenhouse gas emissions,its chief executive said.
"As a businessman, it's hard to speak favourably about any new tax, but a carbon tax strikes me as a more direct, more transparent and more effective approach," Rex Tillerson,CEO of the Irving, Texas based company, said Thursday at the Woodrow Wilson international center for scholars in Washington.
At a Dec.11 event in Chicago, Tillerson, 56, said he preferred a carbon tax to carbon trading programs such as the type used in Europe.
A trading program, known as 'cap and trade,' "inevitably introduces unnecessary cost and complexity" that reduces effectiveness, said Tillerson. They require a vast expansion of regulation, he said. a carbon tax "can be more easily implemented" and is the "most efficient means of reflecting the cost of carbon," said Tillerson.
"Such a tax should be made revenue neutral," he said, which requires other taxes to be lowered so that the overall tax burden isn't increased.
Source: http://www.canada.com/components/print.aspx?id=e8aecbbb-16c6-412d-8054-7e64e2b176ef&sponsor=
First of all, anyone who knows ANYTHING about Earth Science knows that Carbon Dioxide is not even a significant factor in the Global Warming phenomenon. Water Vapor is what traps in most of the heat from the sun's rays, not Carbon Dioxide. Even with the kind of technology you see on Star Trek, I'm quite doubtful that we'll be able to control the world's hydrological cycle. I doubt we could control the sun's solar flare cycles, either. Not every bad thing that happens in the world is Humanity's fault, folks.
Also, this is NOT a time to be levying new taxes. When the economy is in a recession and people are struggling to pay their bills, you don't add to their financial burden. This is flat-out retarded and a major reason why I don't vote for Democrats. That party just doesn't seem to have enough sense to come to that realization.
ANY increase in taxes on an oil company will be passed on to the consumer. ExxonMobil will raise the price for the fuel, lubricants and other products they sell to fueling stations, mechanic's shops, et al. The fueling stations, mechanic's shops, et al. will pass their increased cost on to us, the consumer. There's no such thing as a For-profit business that will eat the added cost for material/supply. They will ALWAYS pass that cost on to us.
Yet, morons like Rex Tillerson and the Dems continue to insist that the 'tax and spend' approach actually works... I guess they want me to continue voting for Independents and Republicans. Looks like you'll be getting your wish, Democrats. You hit me in the pocketbook, I'll hit you much harder in the voting booth.
Also, I hope the Republicans get their act together and ditch this whole 'NeoCon' bullshit. That's just another form of a Democrat, in my far less than humble opinion. Sure, they cut taxes a lot but, they didn't cut much spending too. You don't get rid of deficits if you keep spending money you don't have!
- msbae
Exxon supports carbon tax
........ Herald News Services
Friday, January 09, 2009
Exxonmobil corp., the world's largest crude oil refiner, supports taxing carbon dioxide as the most efficient way of curbing greenhouse gas emissions,its chief executive said.
"As a businessman, it's hard to speak favourably about any new tax, but a carbon tax strikes me as a more direct, more transparent and more effective approach," Rex Tillerson,CEO of the Irving, Texas based company, said Thursday at the Woodrow Wilson international center for scholars in Washington.
At a Dec.11 event in Chicago, Tillerson, 56, said he preferred a carbon tax to carbon trading programs such as the type used in Europe.
A trading program, known as 'cap and trade,' "inevitably introduces unnecessary cost and complexity" that reduces effectiveness, said Tillerson. They require a vast expansion of regulation, he said. a carbon tax "can be more easily implemented" and is the "most efficient means of reflecting the cost of carbon," said Tillerson.
"Such a tax should be made revenue neutral," he said, which requires other taxes to be lowered so that the overall tax burden isn't increased.
Source: http://www.canada.com/components/print.aspx?id=e8aecbbb-16c6-412d-8054-7e64e2b176ef&sponsor=
First of all, anyone who knows ANYTHING about Earth Science knows that Carbon Dioxide is not even a significant factor in the Global Warming phenomenon. Water Vapor is what traps in most of the heat from the sun's rays, not Carbon Dioxide. Even with the kind of technology you see on Star Trek, I'm quite doubtful that we'll be able to control the world's hydrological cycle. I doubt we could control the sun's solar flare cycles, either. Not every bad thing that happens in the world is Humanity's fault, folks.
Also, this is NOT a time to be levying new taxes. When the economy is in a recession and people are struggling to pay their bills, you don't add to their financial burden. This is flat-out retarded and a major reason why I don't vote for Democrats. That party just doesn't seem to have enough sense to come to that realization.
ANY increase in taxes on an oil company will be passed on to the consumer. ExxonMobil will raise the price for the fuel, lubricants and other products they sell to fueling stations, mechanic's shops, et al. The fueling stations, mechanic's shops, et al. will pass their increased cost on to us, the consumer. There's no such thing as a For-profit business that will eat the added cost for material/supply. They will ALWAYS pass that cost on to us.
Yet, morons like Rex Tillerson and the Dems continue to insist that the 'tax and spend' approach actually works... I guess they want me to continue voting for Independents and Republicans. Looks like you'll be getting your wish, Democrats. You hit me in the pocketbook, I'll hit you much harder in the voting booth.
Also, I hope the Republicans get their act together and ditch this whole 'NeoCon' bullshit. That's just another form of a Democrat, in my far less than humble opinion. Sure, they cut taxes a lot but, they didn't cut much spending too. You don't get rid of deficits if you keep spending money you don't have!
- msbae
Oil is almost down to $40/barrel. Boy are you clueless about market conditions and demand. Mr Obama isn't going to "take them to the carpet" or anything else.
