What do you think will happen to gas prices if the Democrats raise taxes on Oil Companies?

Because those taxes are passed through to the consumer, gasoline prices will rise even more to cover the cost of the tax.





The price of oil is set on the international commodity markets.





the only way to decrease the price of oil is to increase the supply.





We must open oil drilling on all of our coasts and in Alaska now.





This is a matter of national security. It should only require an executive order to do it and override the so called environomenatlists who want to send the price of oil even higher so that we all have to ride bicycles to work the way they do in the People's Republic of China.


.What do you think will happen to gas prices if the Democrats raise taxes on Oil Companies?
It's a windfall profits tax, so if they increase prices to make up the windfall profits lost, they lose almost all of that because the increases will also be subject to the windfall profits tax.





There will probably be an increase, but the companies can't make it up, and they're already making record profits, so we won't see an huge upward spike in prices. Also, we will see the benefit in increase revenues to our government.What do you think will happen to gas prices if the Democrats raise taxes on Oil Companies?
Hmmm they have not raised taxes and yet oil prices are going up and up and up and the Oil companies have more tax breaks then ever.





Taxes are not the answer, nor is a gas tax holiday the answer. This is mostly supply and demand in play here with a bit of politics from the mideast and of course speculation.
gas prices will go up. which is EXACTLY what we want. 10 dollar gas means they will have to invest more in hybrids and electric cars. the amount of people using gas autos is shrinking, people are walking using public transport, scooters, anything they can. this will only increase. the auto industry will have to change, and we will lessen our dependence on foreign oil, it's already started...





http://www.hybridcarblog.com/2008/06/gm-鈥?/a>
If Big Oil was progressivly taxed on their profits correctly the prices would fall dramatically. Taxes are not the problem. Big Oil knows they own the congress and because the dems are in control the prices will continue to rise until all hell breaks loose.
The gas prices will raise because then we will not only have to cover the price of oil and the tax on gas, we will then have to cover the Oil Companies' taxes...that wont fix it. But thats what the democrats are good for...doin stupid ****.
The oil companies will immediately pass them on to you and me, resulting in even higher prices at the pumps.
They will go up to cover the tax. And - If the oil companies have less incentive to make gas, they will make less gas.
Gas prices will go up. Anybody should be able to figure this one out. Even the liberals. Then again...
Gas prices are going to continue to go up no matter what we do. It's time for the hydrogen fuel cell!
10 dollars a gallon.
Nothing. The price of gas will go up regardless of what the Democrats do.
Our economy will crash !!!
11.25 a gallon and you will have to wait in line for it.
The same thing that will happen if we don't.
Dead Fascist said it first - they will go up regardless of what is done.
They will go down.

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