The Surprisingly Strong Case for Colonizing Venus

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  1. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

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    Sure, that one is available to every kind of company that drills for oil.

    barfo
     
    barfo, Jul 3, 2014
    #61
  2. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    I'm not in favor of anything that immediately increases the wealth of the upper class, nor big government.
     
    Denny Crane, Jul 4, 2014
    #62
  3. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    Intangible Drilling Costs

    This allows for the deduction of costs associated with drilling, such as those for labor and exploration. API says that this deduction is “no different than the policy behind and treatment of R&D costs for other industries” and notes that while small, independent companies (not targeted by the Senate legislation) can deduct all of these expenses in the first year, bigger, integrated companies can deduct only 70 percent in the first year. This deduction is worth $12.5 billion over the next 10 years, according to the AP report.
     
    Denny Crane, Jul 4, 2014
    #63
  4. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

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    What does API stand for, Mr. Supposed Skeptic?

    barfo
     
    barfo, Jul 4, 2014
    #64
  5. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    Denny Crane, Jul 4, 2014
    #65
  6. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

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    Sorry, no, it's not true. You've been sold a bridge by the American Petroleum Institute, which, as you may know, are lobbyists for the oil companies.

    Are you paid by Big Oil, Denny? Your claim is obviously and clearly untrue.

    I took that text from the website of an oil company.

    barfo
     
    Last edited: Jul 4, 2014
    barfo, Jul 4, 2014
    #66
  7. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    Those things are COGS to other businesses. Chemicals, fluids, etc.

    Apple gets to fully deduct the cost of the glass, metals, and components in every iPhone sold, for example.

    Without the fair tax treatment, those Jimmy Carter era gas lines would have continued for 30 years.
     
    Denny Crane, Jul 4, 2014
    #67
  8. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

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    Ah, so we've gone from 'oil companies get no tax breaks' to 'oil companies deserve tax breaks, it's only fair'.

    The American Petroleum Institute has taught you well, oily grasshopper.

    barfo
     
    barfo, Jul 4, 2014
    #68
  9. SlyPokerDog

    SlyPokerDog Woof! Staff Member Administrator

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    If you drilled a tunnel through the Earth and jumped in, it would take you about 42-53 minutes to get to the other side.
     
    SlyPokerDog, Jul 4, 2014
    #69
  10. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    The government wrote checks for $500M to Solyndra. It cut checks for at least 1/3 of Magnifier's solar panels, and he almost certainly could afford them without those checks.

    You seem to think all the money is the government's and what it chooses to let us have is it spending or something. By your logic, the government not taxing them at 36% instead of 35% is a tax break.
     
    Denny Crane, Jul 5, 2014
    #70
  11. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    Denny Crane, Jul 5, 2014
    #71
  12. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

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    barfo, Jul 5, 2014
    #72
  13. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    There are no tax breaks for oil companies that don't exist for every other company.

    period.

    You would quantify them writing off salary expense as a tax break.

    :crazy:
     
    Denny Crane, Jul 5, 2014
    #73
  14. MarAzul

    MarAzul LongShip

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    What Tax breaks? People often say "Tax breaks" but never say what they mean?
     
    MarAzul, Jul 5, 2014
    #74
  15. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

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    Post #66 in this thread.

    barfo
     
    barfo, Jul 5, 2014
    #75
  16. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

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    How is that not a tax break for oil companies and only oil companies, Denny?

    Do you really want to stand your ground here after being absolutely, conclusively proven wrong?

    barfo
     
    barfo, Jul 5, 2014
    #76
  17. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    You know barfo, there actually are subsidies for big oil. The strategic oil reserve is one where government buys oil from the oil companies. There's also subsidies for the poor and elderly to buy heating oil in the winter.

    Why do you want the poor and elderly to freeze? Let them eat cake?
     
    Denny Crane, Jul 5, 2014
    #77
  18. MarAzul

    MarAzul LongShip

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    But for the depletion allowance, they all look like deductable costs of operations.

    I suppose the depletion allowance is debatable, but it seems it was and incentive to drill.
     
    MarAzul, Jul 5, 2014
    #78
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