Sign in to follow this  
Followers 0
BL

The cure for high oil prices is not higher oil prices

Recommended Posts

World wide demand is increasing faster than supply. 

For the U.S. the cure is to change the tax laws eliminating transfer pricing thru offshore closely held corporations whereby oil companies pay little or no income taxes on imports and exports.  

U.S. oil producers can make much more selling exported oil with no income tax then selling it domestically. 

By the way it equally applies to the $Billions of manufacturing goods that allows China to dominate the world mfg. Production. U.S sales profits are kept off shore.  

The headline says it all, "U.S. will be a net importer of oil in 2022"

Many U.S. oil drillers can produce per bbl oil in the $ 20's .  

Share this post


Link to post
Share on other sites

(edited)

That's if the corrupt U.S politicians have the balls to take on this con.

The supposed international minimum corp tax is a farce.  Another red herring.  They say they have a consensus approval.  Believe that when you see it. 

Impossible to implement unless there is a One Government rule. Actually, China could may get there in 20 or 30 years the way things are going.

 

 

Edited by bobo88

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  
Followers 0