Emergency Tax on the Rich in Britian being debated

[yubba]

http://www.cnbc.com/id/48825978 who, said something about raising taxes on the rich alittle while ago Wally,??? why you did yubba, I thought so. So how you guys doing across the pond.?? Got this on drudge.

[Tribesman]

Nick Clegg:har::har::har::har::har::har::har::har::har:
Thanks for the comedy yubba , your latest attempt will have the Brits in stitches.
Why not visit the topic where they discuss him being a useless powerless doormat who couldn't even raise an issue let alone enact a policy.

[Oberon]

http://img69.imageshack.us/img69/7747/at6pyej3igarh75hnno7cj7.jpg

I think this is one of Yubbas best. :yep:

[yubba]

http://img69.imageshack.us/img69/7747/at6pyej3igarh75hnno7cj7.jpg

I think this is one of Yubbas best. :yep: Awwww you are too kind, any truth to this story or is it a wild goose chase , yubba luuuvvvs a good roasted goose and a few of those livers mmmmmmmmmmmmmmmm

[Takeda Shingen]

A man that barely understands American politics now wants to tell the citizens of a foreign nation how they should approach their own. Curious.

You can tell that the US election cycle is reaching it's crescendo. Worry not friendly readers; it will all be over in November. Of course, the butthurt will begin the day after.

[HunterICX]

Of course, the butthurt will begin the day after.

Meaning it won't change a bloody thing around here :O:

It's the GT if thing ever where ever to change it means that Hell has finally frozen over.

HunterICX

[Oberon]

Awwww you are too kind, any truth to this story or is a wild goose chase , yubba luuuvvvs a good roasted goose and a few of those livers mmmmmmmmmmmmmmmm

It's the biggest goose around, so fire up the oven! :rock:

[Hottentot]

I think this is one of Yubbas best. :yep:

He could make these a series. I'm eagerly waiting for his Finland episode.


You can tell that the US election cycle is reaching it's crescendo. Worry not friendly readers; it will all be over in November.

http://www.youtube.com/watch?v=l1YmS_VDvMY

[yubba]

Finland,,, let's see,, oh yes how's that electric car company doing that the US gave all that money to.????? Don't get me wrong I'm not upset with you or your country I'm glad that we could help I'm just poed at our government as of late.

[Dowly]

You mean that American electric car company that US gov loaned money to? :O:

[Herr-Berbunch]

Wasn't it, and I could be wrong here - an American company buying a foreign car company and screwing it into the ground, selling the name on which is now owned by an electric car company? :hmmm:

Or did I misunderstood?

[yubba]

You mean that American electric car company that US gov loaned money to? :O: so when are they planning to pay it back ??????:O:

[STEED]

Nick Clegg lost all credit when he jumped straight into bed with Toff Boy.

The man is a dipstick!

[Hottentot]

Hmm, well I was sort of expecting he'd compare us to the Nazis or would say a word about Russia, but I'll take it.

[BossMark]

Nick Clegg as got be one of the worst MPs this country as ever had, cant say the worst because there is quite a few Tories well and truly aiming for the number 1 spot :yep:

[Oberon]

Now look what you've done Yubba, you've set Waldorf and Statler off! :O::haha:

[Garion]

I would not be surprised if he has single handedly destroyed his party... Only time will tell

Cheers

Gary

[BossMark]

Now look what you've done Yubba, you've set Waldorf and Statler off! :O::haha:
Now I wonder who you could be referring to :D

[yubba]

Now look what you've done Yubba, you've set Waldorf and Statler off! :O::haha:
I'm sorry I didn't mean to offend any body, I sometimes get alittle insensitive about peoples feelings when I'm sparring with Mr. Dowly it has been awhile ole chap,, they are going to pay it back ??????? There I go again, What is it, Wally,??? what do you mean there's a black van with a bunch of antennia, {don't worry Wally they will tell me how to spell it later} on it, sitting across the street, got to go guys there's a knock at the door. Ok, I'll put some pants on geeezzz.. wwwhhoooo iissss iittttt.. Sorry I didn't order any Kish Kish and crab juice.

[Dowly]

they are going to pay it back ???????

I wouldn't know anything about that. I was merely pointing that the money wasn't
given to Finland, but loaned to American company. :yep:

[u crank]

You called? :O:

http://cobblestone.files.wordpress.com/2012/06/statler-and-waldorf.jpg

[Dowly]

You called? :O:

Sorry, wrong number. My bad. :)

[yubba]

http://www.youtube.com/watch?v=H-lAH3gcYfs who says Obama doesn't outsource.

[Jimbuna]

Now look what you've done Yubba, you've set Waldorf and Statler off! :O::haha:

You called? :O:

http://cobblestone.files.wordpress.com/2012/06/statler-and-waldorf.jpg


That's entertainment for ya :cool:

[August]

I wouldn't know anything about that. I was merely pointing that the money wasn't
given to Finland, but loaned to American company. :yep:

Who I believe 0used it to either open or expand a plant in Finland although the plan was to open a couple plants in America, which kinda defeats the purpose of the loan. :salute:

[Tchocky]

I'm sorry I didn't mean to offend any body, I sometimes get alittle insensitive about peoples feelings when I'm sparring with Mr. Dowly it has been awhile ole chap,, they are going to pay it back ??????? There I go again, What is it, Wally,??? what do you mean there's a black van with a bunch of antennia, {don't worry Wally they will tell me how to spell it later} on it, sitting across the street, got to go guys there's a knock at the door. Ok, I'll put some pants on geeezzz.. wwwhhoooo iissss iittttt.. Sorry I didn't order any Kish Kish and crab juice.


http://i.imgur.com/ZFtkI.png

[Dowly]

Who I believe 0used it to either open or expand a plant in Finland although the plan was to open a couple plants in America, which kinda defeats the purpose of the loan. :salute:

Something like that, yeah. Valmet started making the cars, while R&D remained in US.

Didn't look too much into it, so I may be wrong about it. :yep:

[yubba]

ooooh, they build electric cars like they do here in the states, that no body wants. I, know Wally, we got more oil here than all those middle eastern countries combined, why would I want to buy a crap box like the volt. Man shouldn't have had that crab juice. That's ok you guys in finland the fed is about to print more money, heck a can of peas is about a buck now and gasoline teetering at 4 dollars a gallon let the good times roll. Funny I called mom to wish her a happy birthday and the dog answered the phone.

[Tribesman]

we got more oil here than all those middle eastern countries combined
dumb beyond belief :doh:

[Dowly]

:huh:

Err.. Yubba... I hate to tell you but some 60% of world's oil reserves are located in Middle East. :88)

[mapuc]

Maybe he's thinking on this

http://www.nextenergynews.com/news1/next-energy-news2.13s.html

But it seems to be a little exaggerated

http://www.truthorfiction.com/rumors/b/bakken.htm

As I understand there's oil under the american soil-but how much

Markus

[CaptainHaplo]

:huh:

Err.. Yubba... I hate to tell you but some 60% of world's oil reserves are located in Middle East. :88)

Depending on where you look - it could be a couple of places that do - including the US.

http://www.cnbc.com/id/33550165/The_World_s_Biggest_Oil_Reserves

or

http://seekingalpha.com/article/696611-u-s-has-world-s-largest-oil-reserves-so-why-is-no-one-talking-about-it

[yubba]

http://cdn.theatlantic.com/static/mt/assets/business/assets_c/2012/04/World_Oil-thumb-615x322-85317.png (http://cdn.theatlantic.com/static/mt/assets/business/assets_c/2012/04/World_Oil-85317.php)
By this accounting, the world has about 763 billion "undiscovered" barrels of oil, of which roughly 26 percent indeed belongs to us. These figures don't include the actual reserves currently being drilled across the globe, which are quite significant. Saudi Arabia alone has about 262 billion (http://www.eia.gov/cfapps/ipdbproject/IEDIndex3.cfm?tid=5&pid=57&aid=6) proven barrels available.
Now, here's where the USGS figures really fall short: They ignore a massive chunk of the world's potential future oil resources. The study looks at conventional oil. That's regular old black gold, the kind that made Jed Clampett and that nutjob from There Will Be Blood rich. But there are many other kinds of oil, which get lumped into a category called "unconventional oil." That includes the billions of barrels of tar sands oil in Canada, heavy oil in Venezuela, and shale oil in North Dakota.*
So Obama's numbers almost certainly underestimate the relative size of America's potential oil supply. The Republicans may be overestimating it. Or, depending on the kinds of unconventional oil discoveries we make in the coming years, they could be massively underestimating it too. But both sides are are oversimplifying the issue. Shocking, I know, you have been lied to, yubba will find more imfo, Colorado is booming you sure here that on the news do you and Obama is doing every thing he can do to shut them down, my brother is in the natural gas game like is said more than, right here right now, drill baby drill.
____________________
crude.

[Takeda Shingen]

http://upload.wikimedia.org/wikipedia/commons/thumb/a/ac/World_Oil_Reserves_by_Region.PNG/545px-World_Oil_Reserves_by_Region.PNG (http://upload.wikimedia.org/wikipedia/commons/a/ac/World_Oil_Reserves_by_Region.PNG)

[mookiemookie]

yubba, recently M23 rebels, who have links to Bosco Ntaganda, have been fighting government soldiers in North Kivu in the Democratic Republic of the Congo. Since you're obviously an astute observer of geopolitical events, can you give us your take on how the rebel fighting will constrain the production of cobalt ore and what this could mean for the superalloy market?

[Dowly]

Depending on where you look - it could be a couple of places that do - including the US.

http://www.cnbc.com/id/33550165/The_World_s_Biggest_Oil_Reserves

or

http://seekingalpha.com/article/696611-u-s-has-world-s-largest-oil-reserves-so-why-is-no-one-talking-about-it

Wasn't aware of that. Thanks! :up:

[yubba]

http://thecoloradoobserver.com/2012/05/trillions-of-barrels-of-recoverable-oil-in-colorado-utah-gao-estimates/ nice little kept secret ain't it, so you need to ask yourself why you being are being lied to by no good green no growth dummies.

[Takeda Shingen]

why you being are being lied to

We're not being lied to. From your own article:

The GAO testimony is careful to note the existing concern over ***8220;viable technologies***8221; necessary to extract recoverable oil from the oil shale, as well as environmental concerns over water quantity and quality, impacts on air quality, and disruption to wildlife. Rapid socioeconomic development could falter just as quickly, as it has in the past, with an unpredictable ***8220;boom and bust***8221; cycle.

Discussion is ongoing. Also, be advised that these are not proven reserves. The graph that I posted is of proven reserves only.

[yubba]

http://www.forbes.com/sites/christopherhelman/2011/06/27/tycoon-says-north-dakota-oil-field-will-yield-24-billion-barrels-among-worlds-biggest/ heck we haven't gotten to the gulf yet . If we got serious about oil production we would be the riches and greatest nation on earth and Obama wants to give it away...

[CaptainHaplo]

Discussion is ongoing. Also, be advised that these are not proven reserves. The graph that I posted is of proven reserves only.

Exactly - it all depends on what you call "oil reserves". Proven reserves recoverable under current conditions? Proven reserves under other condtions (different regulation, tech, etc). Probably or possible reserves?

Discussion is indeed ongoing.

[yubba]

http://www.reformation.org/energy-non-crisis-ch17.html man we have been had....all of us with our heads up our torpedo tubes. Drill now drill often I can't believe the people we elected to protect us done us like this all this misery for what, so some joker can get his jollies.

[Oberon]

Yeah, just keep drilling, drill it all, use it allll up.

Then what? :O:

[Takeda Shingen]

Exactly - it all depends on what you call "oil reserves". Proven reserves recoverable under current conditions? Proven reserves under other condtions (different regulation, tech, etc). Probably or possible reserves?

Discussion is indeed ongoing.

You're absolutely correct. Oil desposits and reserves (and all fossil fuels by proxy) are used by nations as political leverage due to the fact that they make just about everything go. As such, nations will 'stretch' their numbers and figures to achieve certain ends; which usually is the price per barrel. The nations of OPEC do it all the time. And yes, they will base it on 'future' recoverable based upon 'potential future technologies' to suit their needs. Most of the figures used to promote oil within the US rely on these future figures as well.

man we have been had....

Your own article liked from the Colarado Observer contradicts this statement. Again, there is no deception. Discussion is ongoing in Congress as to the actual size and environmental impact of retrieving this shale. There is no coverup. To echo Dowly in another thread, repeating a falsehood will not render it true.

[yubba]

Yeah, just keep drilling, drill it all, use it allll up.

Then what? :O: every last drop,,,then we cut down every tree and fish every fish out of the sea then we will be done with it, but these finds just give us some lee way so we can get greener not stupidier, Newt said he could get us down to at least 2 bucks a gallon if elected, Mitt said we could be off foreign oil in a decade last night, so if we didn't have so much oil under our feet how would those claims even be possible,?????:hmmm::hmmm::hmmm: north to Alaska the rush is on. You do know why the elites don't want to see you rich don't you ???
If we all, were rich then they wouldn't be so elite would they. right now Colorado is boomin not enough houses for workers.

[Tchocky]

Newt said he could get us down to at least 2 bucks a gallon if elected, Mitt said we could be off foreign oil in a decade last night, so if we didn't have so much oil under our feet how would those claims even be possible,?????:hmmm::hmmm::hmmm:

Er, they're not. Not really.

Newt or Mitt (but especially Newt) wouldn't recognise the words "fungible commodity" if they were burned into Saint Rons Last Testament with a flaming bald eagle.

[Tribesman]

If we got serious about oil production we would be the riches and greatest nation on earth and Obama wants to give it away...
Economics not your strong point either.

Newt said he could get us down to at least 2 bucks a gallon if elected, Mitt said we could be off foreign oil in a decade last night, so if we didn't have so much oil under our feet how would those claims even be possible,?????
:har::har::har::har::har::har::har::har:
For starters they are politicians, that means they talk rubbish, they talk rubbish because they are politicians and they can do it because some people are dumb enough to believe them.
"Under current conditions" mean anything at all to you?
High prices mean reserves and recovery methods which would normally be a total waste of money do become viable, a drop in gas prices makes those oil deposits worthless again.

right here right now, drill baby drill.

errrr ...hate to break it to ya but drilling more to extract more lowers prices which means it isn't worth drilling anymore.
Well done yubba you have walked yourself into the classic catch 22 for the oil industry.

Unless of course you want to follow that path and introduce huge tax payer funded subsidies to keep a bankrupt oil industry afloat, or maybe go all "socialist" and have it as a loss making tax payer funded government run industry:hmmm:
I can see it now yubba the crazy commie:rotfl2:

Then what? :O:
Good point Oberon
That is what the arabs and persians keep asking, it is why they are always pushing for deals on post crash financing. Its funny when people moan about them doing it, its even funnier if it is the same people moaning who are on the drill baby drill bandwagon.
I suppose it would be too sensible to use the Norwegian approach

[CaptainMattJ.]

The Republican national convention was extremely hard to watch. To hear them spew the most brain-dead ,most hypocritical lies, it gets pretty tough not to throw a brick through the window, because people actually believe in this man. If a voter were to know ANYTHING about the way oil prices work, theyd understand that Oil companies are the ony people controlling prices, and are the only reason prices are so ungodly high. because apparently soothsayers live on in the form of "ftures", which all the oil companies gobble up and accordingly jack up their prices. they look for ANYTHING to jack up prices. Theyll blame a 20 cent increase over a refinery that was totally insignificant to supply. Anyone who knows anything about oil companies knows that its the ONLY commodity that doesnt follow supply and demand. Its boggling to the mind how manipulative they are.

It literally gave me a headache to watch the republicans spout their endless stream of lies and false information at the RNC. Im sure the DNC wont be much better, because its all a bunch of life story speeches with no pertinence to anything theyre there to discuss, which is SUPPOSED to be what they plan to do about the problems we face. They provide evocative yet horrifically simplistic and unintelligent speeches, making sure to go skin deep yet making something that people cant diagree with. All these speeches tend to have some sort of spin on how we should, for example, cut spending to reduce the deficit, but giving little detail as to HOW, what they plan to cut, and then ending it about how this country is the greatest ever blah blah blah if im elected i will continue to make this the greatest country in the world blah blah blah. And people gobble it up because of strategically placed ultra-nationalistic BS that draws people's focus away from the details of what the guy plans to do specifically, and if asked to be more specific theyll simply repeat the same skin-deep speech he just recited, dodging questions. And this is a universal in American politics, done by both democrats and republicans, and im sure alot of it is simply universal in all politics.

I wonder if anyone will come along who will already have laid out theyre game plan, very detailed, and say this is exactly how ill combat our problems, with a short outline of exactly how he'll tackle it, instead of these guys who VERY lightly skim over their plans and dont put out details. Ryan had his budget plan ready, and it was proven to be a disaster, but nonetheless showed EXACTLY what he wanted to do. This should be the case with all of our politicians. The conventions are something many voters tune into, to hear right from the source what said parties will do, and they get this poorly detailed waste of time, and its awful.

[mookiemookie]

errrr ...hate to break it to ya but drilling more to extract more lowers prices which means it isn't worth drilling anymore.
Well done yubba you have walked yourself into the classic catch 22 for the oil industry.

I never thought of it that way. Makes perfect sense. You see these oil company guys driving around Houston with their "Drill Here! Drill Now! Pay Less!" bumper stickers on their SUVs and I never realized that the poor saps are really wishing for themselves to be put out of a job.

[Tribesman]

never thought of it that way. Makes perfect sense.

Its in any decent article
Look at any report, look at any exploration . shale reseves or deep driling or reasonably deep offshore all requireone thing, high prices and a riigged market to keep it high just to accept the costs.
increse production through uneconomic methods then the more you produce the bigger you losses are,

I never thought of it that way.
If it was ecomomicly vialble to extract gold from seawater then anywhere with a big coast could buy the world.
after all the sea is full of proven reserves let alone unproven reserves.

Get on the next big thing , brine isn't only for Sild

[Tribesman]

bugger, that did make sorta sense, adjust the reading past typos and ommisions and it slts in good

[CaptainHaplo]

I never thought of it that way. Makes perfect sense. You see these oil company guys driving around Houston with their "Drill Here! Drill Now! Pay Less!" bumper stickers on their SUVs and I never realized that the poor saps are really wishing for themselves to be put out of a job.

This one is an oft repeated excuse for us not drilling. Does it make sense? No - and here is why.

If cutting the cost of fuel in half were to put people out of business - then explain why the oil industry was not suffering job losses when the price of oil dropped nearly 50% between July 11, 2007 and Oct 10, 2007. A 3 month period in which the cost dropped 49.88%.

The government - and "big oil" - make their money either way - the difference is simply that we, the consumer, pay less for the product when its foundation - a barrel of oil - is cheaper.

Yes - the manufacturer makes less money on each gallon (though the government doesn't) - yet their profits stay high because they SELL more product. If you sell 10 gallons and make 2 dollars profit bud due to pricing can only sell 100 gallons a day - you can only make $20 profit a day. Now, if you sell 10 gallons and only make $1 - but can sell 300 gallons instead of 100 - due to a higher demand of product because of price - you can thus make more. If you don't think that this reality works in the business world - just ask yourself why stores have so many sales then....

[mookiemookie]

This one is an oft repeated excuse for us not drilling. Does it make sense? No - and here is why.

If cutting the cost of fuel in half were to put people out of business - then explain why the oil industry was not suffering job losses when the price of oil dropped nearly 50% between July 11, 2007 and Oct 10, 2007. A 3 month period in which the cost dropped 49.88%. Because corporate layoffs and hirings don't happen on a 3 month timeline.

Yes - the manufacturer makes less money on each gallon (though the government doesn't) - yet their profits stay high because they SELL more product. If you sell 10 gallons and make 2 dollars profit bud due to pricing can only sell 100 gallons a day - you can only make $20 profit a day. Now, if you sell 10 gallons and only make $1 - but can sell 300 gallons instead of 100 - due to a higher demand of product because of price - you can thus make more. If you don't think that this reality works in the business world - just ask yourself why stores have so many sales then....

The elasticity of gas prices is determined a lot by the timeframe you're talking about. Will a 3 month increase in the price of gas lead to a decrease in the number of autos purchased and miles driven? Probably not a lot. Will a sustained decrease in the price of gas lead to one? Probably. But probably not as much as you think.

If you've got to drive to work everyday, does the price of gas factor into your decision to do so? If the price of gas goes up and you want to remain employed, it won't. If the price of gas goes down, are you going to drive to work, go back home and drive there again just because gas is so cheap? Doubtful.

The elasticity of demand for gas prices is fairly low. Here's a good discussion of elasticity of demand and price of gas:

http://econintersect.com/wordpress/?p=7537

[Tribesman]

Yes - the manufacturer makes less money on each gallon (though the government doesn't) - yet their profits stay high because they SELL more product. If you sell 10 gallons and make 2 dollars profit
Misses the point entirely.
If the extraction of oil from the alternative field has a cost of $100 per barrel then it is only worth extracting any if there remains a sufficient margin on top of that cost for the end product, producing more onto the market only lowers the end price further.

If you don't think that this reality works in the business world - just ask yourself why stores have so many sales then....
:har::har::har::har::har:
How do supermarkets sell bread at below cost?
why oh why can't an oil well sell oil at below cost?

[Hottentot]

Comic relief! (http://www.giantitp.com/comics/oots0135.html) :D

[Tribesman]

naughty boy Hottentot:up: