Quantcast
Windfall Profits Taxes for Oil and Gas producers - Discuss - Beyond.ca - Car Forums
Page 1 of 3 1 2 ... LastLast
Results 1 to 20 of 59

Thread: Windfall Profits Taxes for Oil and Gas producers - Discuss

  1. #1
    Join Date
    Jan 2008
    Location
    Nothingburger Hill
    My Ride
    Oil boom
    Posts
    11,138
    Rep Power
    100

    Default Windfall Profits Taxes for Oil and Gas producers - Discuss

    UK has passed a 25% windfall profits tax: https://www.bbc.com/news/business-60295177
    USA is considering the same thing: https://oilprice.com/Latest-Energy-N...dfall-Tax.html

    I assume the same thing will be proposed in Canada soon enough.

    Seems like a good way to reduce oil and gas supply and keep prices high. If we want to accelerate a transition away from this type of energy, that's the way to do it, price it out of the market. If we want to keep costs low for consumers, this is the complete worst thing you could do.

    Discuss.

  2. #2
    Join Date
    Oct 2014
    Location
    alberta
    Posts
    267
    Rep Power
    10

    Default

    windfall tax needed on pharmaceutical companies who Have profited from covid. You cant single out one industry while ignoring others.

  3. #3
    Join Date
    Jul 2010
    Location
    Homeless
    My Ride
    Blue Dabadee
    Posts
    8,204
    Rep Power
    79

    Default

    What’s a “windfall”
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.
    Quote Originally Posted by Yolobimmer View Post
    This quote is hidden because you are ignoring this member. Show Quote

    guessing who I might be, psychologizing me with your non existent degree.

  4. #4
    Join Date
    Jan 2008
    Location
    Nothingburger Hill
    My Ride
    Oil boom
    Posts
    11,138
    Rep Power
    100

    Default

    big numbers are bad umkay.

  5. #5
    Join Date
    Jan 2008
    Location
    calgary
    Posts
    1,688
    Rep Power
    50

    Default

    I hope they do it, all the fuckers freeze in the winter and realize how stupid they all are.


    Plot twist - They will never realize how dumb they are.

  6. #6
    Join Date
    Oct 2003
    Location
    Calgary
    My Ride
    ute
    Posts
    3,984
    Rep Power
    48

    Default

    Quote Originally Posted by gwill View Post
    This quote is hidden because you are ignoring this member. Show Quote
    You cant single out one industry while ignoring others.
    Sure you can.

  7. #7
    Join Date
    Sep 2012
    Location
    Calgary, AB
    Posts
    1,326
    Rep Power
    35

    Default

    Raising expenses is so trivial, they won't making a fucking cent from this.

  8. #8
    Join Date
    Jul 2008
    Location
    North North Dakota
    My Ride
    Nissan x2
    Posts
    371
    Rep Power
    25

    Default

    So we tax O&G 25% and they raise gas prices 25% to offset and make even more money?

  9. #9
    Join Date
    May 2006
    Location
    S.E. (not the drrty south)
    My Ride
    Natural gas, and natural gas accessories
    Posts
    8,017
    Rep Power
    71

    Default

    How about we let every other country do this, but not us?
    Quote Originally Posted by killramos View Post
    This quote is hidden because you are ignoring this member. Show Quote
    The AHS system is quite good.

  10. #10
    Join Date
    Jan 2008
    Location
    Nothingburger Hill
    My Ride
    Oil boom
    Posts
    11,138
    Rep Power
    100

    Default

    Quote Originally Posted by Tik-Tok View Post
    This quote is hidden because you are ignoring this member. Show Quote
    How about we let every other country do this, but not us?
    Like

  11. #11
    Join Date
    Feb 2004
    Location
    Edmonton/Calgary
    My Ride
    2014 FJ Cruiser, 1999 C43
    Posts
    1,744
    Rep Power
    20

    Default

    Apropos of nothing, this has already happened to financial institutions…

    https://monitormag.ca/articles/profi...lation-drivers

  12. #12
    Join Date
    Jan 2019
    Location
    ES Art Room
    My Ride
    #SadLife
    Posts
    2,855
    Rep Power
    97

    Default

    Expensive transportation fuels does not lead us to net zero or carbon neutrality.
    It leads us to bread lines.

  13. #13
    Join Date
    Jul 2010
    Location
    Homeless
    My Ride
    Blue Dabadee
    Posts
    8,204
    Rep Power
    79

    Default

    Is it really windfall profit when it’s directly driven by failed government policy?
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.
    Quote Originally Posted by Yolobimmer View Post
    This quote is hidden because you are ignoring this member. Show Quote

    guessing who I might be, psychologizing me with your non existent degree.

  14. #14
    Join Date
    Sep 2016
    Location
    Calgary, Ab
    My Ride
    2021 Zonda CRV
    Posts
    918
    Rep Power
    13

    Default

    Nobody is investing in oil and gas infrastructure. High prices are partially a product of failed left/green polices. They don't want to invest in oil and gas.
    What they did not realise is, if you want green techology. That entire infrastructure is built on oil and gas. From mining resources, to refining, transportating, high end manufacturing and down to the people that get up and go to work. That entire process sits on oil and gas. If they don't invest in oil and gas, what did they think that would happen to prices?
    Windfall tax does not do anything.

  15. #15
    Join Date
    Nov 2008
    Location
    Cochrane, AB
    My Ride
    Trucks
    Posts
    1,832
    Rep Power
    22

    Default

    I’d vote for additional 25% windfall tax on Prime minister earnings above base salary.

  16. #16
    Join Date
    Sep 2018
    Location
    Edmonton, Alberta
    Posts
    487
    Rep Power
    9

    Default

    What a fucked up situation they are brewing. The only reason to switch to electric right now, is due to the much cheaper fuel source that is electricity. With a huge shift in that direction, there is going to be a huge surge in electricity pricing too. Going to be a lot of buyers remorse in 10 years when people's electricity bills are more than their monthly gasoline purchases ever were.

  17. #17
    Join Date
    Feb 2020
    Location
    Edmonton
    Posts
    252
    Rep Power
    8

    Default

    Quote Originally Posted by Misterman View Post
    This quote is hidden because you are ignoring this member. Show Quote
    What a fucked up situation they are brewing. The only reason to switch to electric right now, is due to the much cheaper fuel source that is electricity. With a huge shift in that direction, there is going to be a huge surge in electricity pricing too. Going to be a lot of buyers remorse in 10 years when people's electricity bills are more than their monthly gasoline purchases ever were.
    Careful, you're going to bring the wrath of ExtraSlow if you aren't pedantically specific about what you mean, because according to him electricity is already going up 5 fold vs 2 fold for natural gas in the next XX years.

    Interestingly, gasoline prices make running E85 economical now.
    Quote Originally Posted by rage2 View Post
    This quote is hidden because you are ignoring this member. Show Quote
    If I had known you guys would end up being such bitches, I would’ve opened the parenting forum.

  18. #18
    Join Date
    Jan 2008
    Location
    Nothingburger Hill
    My Ride
    Oil boom
    Posts
    11,138
    Rep Power
    100

    Default

    At least we can all agree that energy costs are going nowhere but up for the next couple of decades. Glad my fan club is still going strong.

  19. #19
    Join Date
    Jan 2019
    Location
    ES Art Room
    My Ride
    #SadLife
    Posts
    2,855
    Rep Power
    97

    Default

    Quote Originally Posted by ExtraSlow View Post
    This quote is hidden because you are ignoring this member. Show Quote
    At least we can all agree that energy costs are going nowhere but up for the next couple of decades. Glad my fan club is still going strong.
    Not pedantic enough.
    -NegRep

  20. #20
    Join Date
    Feb 2020
    Location
    Edmonton
    Posts
    252
    Rep Power
    8

    Default

    Quote Originally Posted by ThePenIsMightier View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Not pedantic enough.
    -NegRep
    I am disappointed in him, no internet argument for a Saturday morning leaves my life devoid of meaning.

    Guess I better go do something productive.
    Quote Originally Posted by rage2 View Post
    This quote is hidden because you are ignoring this member. Show Quote
    If I had known you guys would end up being such bitches, I would’ve opened the parenting forum.

Page 1 of 3 1 2 ... LastLast

Similar Threads

  1. Oil sands producers posting record profits and production?

    By Gestalt in forum Society / Law / Current Events / Politics
    Replies: 37
    Latest Threads: 12-01-2018, 12:57 PM
  2. Stock option taxes and divident taxes

    By Gorilla in forum Real Estate / Finance
    Replies: 7
    Latest Threads: 06-01-2011, 11:13 PM
  3. War and profits, etc. An exerpt from an essay.

    By Hakkola in forum Society / Law / Current Events / Politics
    Replies: 2
    Latest Threads: 04-14-2007, 11:13 AM
  4. wtb: TAXES - somebody do my taxes for cheap!

    By brownskind in forum Miscellaneous Buy/Sell/Trade
    Replies: 7
    Latest Threads: 02-25-2006, 09:09 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •