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" Your funny right?

Do you really think people are just driving around wasting gas just to do it.

Your a far leftist that believes that we need to CONSERVE and not drill anymore of that bad old oil.

How do you know what people are doing? you make simplistic uninformed decisions based on what?

Drive less only people that don'ty have jobs say this, how about you get a job, and drive to work like the rest of us "

" It was a math error, Should have been 250 Billion a year just in gas tax, sorry.

the oil industry and Oil related taxes generates over 1/3 the budget. How do we replace them funds if our usage drops or we use alternative fuels, guess what they will make it up somewhere

I admit to making a math error but the facts are just that "THE FACTS" and you should look them up and educate yourself.


oh and by the way our budget is not 3 trillion budget

it's 2.9 trillion for 2008
and 3.1 trillion for 2009 submitted

entirely to much money being spent by our Govenment "

" What a bunch of dopes. Stop blaming everyone else for a problem that you created. The real reason for outrageous oil and gas prices is that we consume the stuff like there is no tomorrow. Drive less, drive slower, turn the thermostat down in the winter and up in the summer, eat locally, support development of alternative/renewable non-fossil fuel energy sources--live a non-consumptive lifestyle. Painful? Maybe. Hard to understand? Not at all. "

" Looks like it's a Decimal point problem.

The original poster made a math error but the problem is still the same the Federal Government is taking in tons of money off our backs. But to say "out of air" when all the other info is 100% correct from my fact checking is kinda lame on your part

The figure should have been 250 Billion for just the gas tax. The amount of other fuel taxes is about 320 billion a year, and this does not include the Corporation tax paid by all the companies along the distribution network side

If my math is correct this looks like 570 BILLION a year just off taxes for fuels.

Granted it's not 2.5 trillion but it's still way to much money to go to a Government that has failed us for decades on energy

When all the taxes on Oil are collected it looks like it actually can cover over 1/3 of all taxes collected. If alternative fuels really were viable how would this enormous tax base be recovered?

Problem is Government is spending way to much money.

Great post on information that is not that easy to find for some reason "

" Back in 2006, Nancy Pelosi promised cheaper gas prices if the Dems won Congress. Two years later, we're paying double. So much for the Dems helping us.

DRILL HERE, DRILL NOW. "

" Nice facts. You had me until 2.5 trillion dollars a year. Wrong. Now I now you just like to blow about this subject. If the govt. gets 2.5 trillion and our budget is 3 trillion a year. We dont need anything else. Your statement is laughable. "

" lets really look at this outrageous claim-


"58 percent of the cost of a gallon of gas is attributed to the cost of crude. Nearly 40 percent is shared almost equally between oil company profit and taxes. "

Truth is
Taxes: % 11
Distribution and Marketing: % 6
Refining: % 10
Crude oil: % 73

Now out of refining and marketing and distribution the OIL company will make about %7.5 Profit


The Federal Government gets 18 cents off every gallon of gas sold across the Nation

current demand of about 386 million gallons a day X .18= $69,480,000 a day for the Government

That is over 2.5 Trillion dollars a year. Notice I didn't even figure in Diesel Fuel.

Most people don't realize just how much the State and local Governments are making on Gas and Fuel.

Exxon made a profit the 1st quarter of 10.89 Billion AFTER taxes

Exxon also paid quarterly income taxes $9.32 billion did set an all-time record. I predict this will go largely unreported

Now add in the other taxes paid to the
Government by EXXON

Sales based Taxes $ 8.4 Billion
all other taxes $11.6 Billion

Total of all taxes Exxon paid is 29.3 Billion in the first quarter alone

How can we replace all these tax sources if we start using Alternative energy do we really think the GOVERNMENT is not going to tax the new Alternative energy sources?

The Government is making MORE money then all the US oil companies combined a day just by charging taxes "

" "ventures that the Republicans pushed are ripe with environmental concerns as well as opening up federal property to long term oil leases"

This is WHY WERE IN THE MESS WERE INTO TODAY is the resistance to use what we have

ALSO:

"Producing more domestic oil supplies only slows any real move on becoming else dependent on Oil"

This statement says it all, Even though there is NO viable ALTERNATIVE we need to not produce more. DO YOU REALIZE HOW SILLY THAT REALLY IS?


That is another reason WHY WERE IN THE MESS WERE INTO TODAY


First off the environmental CONCERNS are a JOKE.

Offshore drilling is tremendously SAFE, ANWR drilling would Benefit caribou big time as did the drilling on the North Slope.

FACTS ARE in the North Sea, and off Denmark, Norway they drill deep sea without any problems


AFTER KATRINA THERE WAS NO OIL SPILLS IN THE GULF......NONE.......

ENVIRONMENTAL CONCERNS ARE ONLY TALKING POINTS

A person has to really drink the KOOL-AID about This so-called Man made Global warming CRAP to even believe there is any problem drilling our own oil, BUT IT'S OK TO BUY FROM BAD COUNTRIES

Also we have enough OIL and Natural Gas to supply this Country for over 150 years if we use the Oil Shale now add in the cleaner coal technologies and it extends it to about 225 years

The FACT IS THIS. The environMENTALSIT are all about Closing down the BIG BAD OIL COMPANIES and killing Capitolism. This is why We have this WHACKO man made GLOBAL WARMING GARBAGE being promoted as science when most of the REAL SCIENTIST are in disagreement, and The main guy promoting GLOBAL WARMING is getting RICH off selling Carbon credits(ALGORE)

Fact is we need Oil to supply this country until alternative forms are found


WE COULD BE COMPLETELY SELF SUFFICIENT WITH ENERGY TODAY IF IT WEREN'T FOR THE WHACKO'S MAKING POLICY.

Should we find Alternative Fuels? absolutely YES. But let the free market do the research and discovery, AFTERALL we don't want another ETHANOL DISASTER like the one we have today

For those that think Spending Hundreds Of BILLIONS on ETHANOL was a bright idea heres the facts on that

Most Oil companies are investing into Ethanol to reap the HARVEST of FREE MONEY FROM THE GOVERNMENT LIKE EVERYONE ELSE HAS

Companies are being subsidized with TAX DOLLARS in the tune of BILLIONS OF DOLLARS

engineering professors at the University of California, Berkeley, co-wrote a recent report that estimates that making ethanol from corn requires 29 percent more fossil energy than the ethanol fuel itself actually contains

Ethanol takes more energy to make then what you get out of it.

NOW ADD IN THE FACT that it produces MORE CARBON DIOXIDE then fossil fuels alone

making ethanol from switch grass requires 50 percent more fossil energy than the ethanol yields, wood biomass 57 percent more, and sunflowers 118 percent more. The best yield comes from soybeans, but they, too, are a net loser, requiring 27 percent more fossil energy than the biodiesel fuel produced. In other words, more ethanol production will increase America's total energy consumption, not decrease it.

The Democrats are all about HIGHER FUEL PRICES

OBAMA STATED LAST WEEK:
I think that I would have preferred a gradual adjustment. The fact that this is such a shock to American pocketbooks is not a good thing.


Kinda gave away the farm on that. He is for higher PRICES when this country could be COMPLETELY SELF SUFFICIENT WITH WHAT WE HAVE IN THE GROUND


Democrats want higher FUEL PRICES and have for years the only problem is they aren't collecting the money in the form of $3-$5 a gallon gas tax. "

" Producing more domestic oil supplies only slows any real move on becoming else dependent on Oil. The ventures that the Republicans pushed are ripe with environmental concerns as well as opening up federal property to long term oil leases.

Building new refineries would help ease some of the production bottlenecks, but so would stopping exporting refined oil to overseas markets that command higher prices per gallon.

Oil companies are getting richer and have no problem in passing the higher per barrel costs off to the consumer. How much of that $4 per gallon gas is profit?

58 percent of the cost of a gallon of gas is attributed to the cost of crude. Nearly 40 percent is shared almost equally between oil company profit and taxes. "

" From a do nothing FIENGOLD about gas prices why is he even given any press time.

First off the reason Gas is so HIGH is directly related to the Democrats blocking drilling in ANWR, off the continental shelf and blocking The OIL SHALE production, Blocking the building of refineries

DEMOCRATS WANT HIGH GAS PRICES

Further evidence that Democrats in Washington are not really interested in lowering gas prices or in energy independence:

The Senate Appropriations Committee narrowly defeated Sen. Wayne Allards attempt to end a moratorium related to oil shale development in Colorado.

* * *

The moratorium prevents the Department of Interior from issuing regulations so that oil companies can move forward on oil-shale projects in Colorado and Utah. Allard said the moratorium has left uncertainties at a time when companies need to move forward and in the long term make the United States more energy independent.

If we are really serious about reducing pain at the pump, this is a vote that would make a difference in peoples lives, Allard argued.

But in a 14-15 vote, the committee split strictly on party lines and rejected the amendment.

There is no question that the development of our abundant oil shale resources (70% of which is located on Federal lands) will lead to lower energy costs AND energy independence if only Democrats would get out of the way:

The largest known oil shale deposits in the world are in the Green River Formation, which covers portions of Colorado, Utah, and Wyoming. Estimates of the oil resource in place within the Green River Formation range from 1.5 to 1.8 trillion barrels. Not all resources in place are recoverable. For potentially recoverable oil shale resources, we roughly derive an upper bound of 1.1 trillion barrels of oil and a lower bound of about 800 billion barrels. For policy planning purposes, it is enough to know that any amount in this range is very high. For example, the midpoint in our estimate range, 800 billion barrels, is more than triple the proven oil reserves of Saudi Arabia. Present U.S. demand for petroleum products is about 20 million barrels per day. If oil shale could be used to meet a quarter of that demand, 800 billion barrels of recoverable resources would last for more than 400 years.



Let those facts sink in: 800 billion barrels of recoverable oil that are 3 times the size of Saudi Arabias oil reserves.

With demand of 20 million barrels a day, 800 billion barrels could supply Americas oil needs for over 100 years without having to import a single drop.

And yet Democrats wont let us tap that resource.

Amazing.

Infuriating.

Every time you fill your tank up with $4 gas thank the Democrats. "