Gov. f's us again.

[loki]

http://cleantechnica.com/2008/06/08/mistak...yalty-payments/

responses?

[Camino LS6]

Well, that's par for the course.

[Sixty8panther]

Typical. SNAFU

[balthazar]

The same entity (U.S. Government) that loses a potential $53B with the slip of a pencil, is the same entity that many are going to entrust to provide affordable universal healthcare. Can't wait.

A contract is a contract- legal ones are binding, no? My question is; did the guy who was responsible (a-HAHAHAHAHAHAHA!!!- what's THAT word mean ??) for the mistake get fired?

[daves87rs]

[FUTURE_OF_GM]

It's high time this government targets and attacks oil companies and "speculators"

They've already screwed us for 8 years and freshly screwed over the auto industry last year.

[balthazar]

>>"It's high time this government targets and attacks oil companies "<<

That could not be more misguided. Aren't paying enough at the pump as it is? Do you think the oil Cos are going to just pay any additional taxes out of their corproate coffers? Don't we at the pump already pay between 40 & 65 cents/gal to the government right now FOR NOTHING? Any 'windfall taxes' are only going to be passed right on thru the pump. Think about it.

Does Japan's society clamor to "target & attack" toyota (Q1 '07 profit: $5.7B), or instead does their gov. pay for 100% of a new tech's R&D (hybrid)? Hmmmm... supporting a national manufacturer- what's that all about?

[CSpec]

What kind of amateur mistake is that? I'm sure XOM's lawyers saw that right away and grinned.

[FUTURE_OF_GM]

>>"It's high time this government targets and attacks oil companies "<<

That could not be more misguided. Aren't paying enough at the pump as it is? Do you think the oil Cos are going to just pay any additional taxes out of their corproate coffers? Don't we at the pump already pay between 40 & 65 cents/gal to the government right now FOR NOTHING? Any 'windfall taxes' are only going to be passed right on thru the pump. Think about it.

A bill was STOPPED today that would require the oil companies to use their HUGE profits to prop up gas in this country. They need to 1) be controlled to the extent that prices are capped or rise gradually or 2) Be required to invest in new oil prospects as opposed to their own damn stock.

Does Japan's society clamor to "target & attack" toyota (Q1 '07 profit: $5.7B), or instead does their gov. pay for 100% of a new tech's R&D (hybrid)? Hmmmm... supporting a national manufacturer- what's that all about?

You think that's actually going to happen?

Sh8t, this is america... land of the self loathing and home of the ignorant.

[balthazar]

>>"A bill was STOPPED today that would require the oil companies to use their HUGE profits to prop up gas in this country."<<

Little wonder- I would be shocked if the government could legally force a private (non-government) corporation to do anything specific with their profits.

>>"They need to 1) be controlled to the extent that prices are capped or rise gradually "<<

Oil companies are regulated on numerous fronts by the government, have been for 100 years now. Further, oil future commodity price increases DO have daily caps, but when just about every single day sees another increase, yes- the price over time has risen markedly. The speculator pressure has been relentless.

>>"...or 2) Be required to invest in new oil prospects as opposed to their own damn stock."<<

U.S. oil companies have invested $100B towards new technology, new sources and alternative fuels between '00 and '05 alone. I do not know for sure what, if any of that amount is required by the fed.

>>"You think that's actually going to happen?"<<

WHat- that the U.S. Gov would do something similar, or that the japanese society will call for the crucifixtion of toyota? Neither, actually.

>>"this is america... land of the self loathing and home of the ignorant."<<{/i]

Can't argue there.

Edited June 11, 2008 by balthazar