From the Right Side of Campus

Tag: oil

Obama Drops Windfall Profits Tax

In an act that further proves that Obama believes there is such a thing as too much success he decided to drop his famed windfall profits tax proposal. Now, right now you might be saying “But CP (College Politico), dropping a proposed tax is a good thing and encourages success”. To which I would reply “yes, awesome and intelligent reader, that is true but its not the fact that he dropped the tax proposal which proves he thinks a person or company can be too successful but, rather, its the reasoning behind it. You see, Obama has decided to drop

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Congress finally gets oil drilling right, by doing nothing.

It took forever but Congress has finally caved and will not stop new drilling for off-shore oil. Good news I’d say. But, of course, as anybody who knows anything about government can tell you, there is still a mile of red tape to get through before anybody can actually go and actually drill for oil offshore. The biggest problem is in getting congress to pass a revenue sharing bill which cuts the states in on the money that drilling will enevitably bring in. Until then its doubtfull that the states will allow any drilling… But I’m hopeful. After all this

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House passes drilling bill!!! Oh, wait…

Yea… we can drill now. The only problem is that we can only drill where there isn’t any oil. Oh and in exchange for getting to drill where there isn’t any oil we have to pay more taxes. And I say we for a reason, sure the estimated 18 billion dollars in new taxes will be leavied on the oil industry but, as anyone with half a brain knows, those taxes will most certainly be passed right along to us. Of course the Democratically controlled congress doesn’t understand that because well… they’re working with a smidge less than half a

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