You can resort to calling me names if you are running out of arguments to
support you position if you chose, I could not care less, but I certainly am
not ignorant of the fact one can not refine crude to get to the carbon stock
without producing gasoline or other volatiles. If they can not sell or
store them, they will need to be burned off ;)
Now we are getting to the crux of the problem, I never said 'oil companies
have burned off "volatiles" in large quantities
to get rid of them in recent years.' No wonder you can not prove that it.
What I have been saying all along is what I said in my post. If they can
not store gasoline or sell it a profit they will burn it off and take a tax
credit as a capital loss ;)
Again you miss quote, what I said was 'If they can not store gasoline or
sell it a profit they will burn it off and take a
tax credit as a capital loss....I told you before I do not do homework for
my own grand children, I'm not about to do yours.
If you really need to know when the oil companies burned of volatiles, in
the past that they could not sell or store, I suggest you do a search, as I
did. You might start by searching the IRS site. The tax returns of
publicly held corporations are public records, viewable to anybody willing
to search.. You will be amazed at how many billions in federal taxes the
government collects form the oil companies, by the way.
As to that ability of one to take a capital loss, I pay of lot of money to
attorneys and accounts for advice on when I can take a capitol loss, I
suggest if you want tax advice, you can do the same. Lucky for me I
generally have to pay capital gains taxes
I'm with you on the mass transit idea, the only problem being is that
ours sucks! We are just to plain greedy to invest in a good idea. I was
born in New York City where they did have the brains to invest in it
and it works great! They did have their hard time in NYC but recovered
nicely and it's one of the best transit systems in the world.
NYC's transit system does have some short comings, like the idiots who
manage it. In addition, it would be better if trains from NJ, upstate NY and
Conn. would go to more places than just Penn Station, Grand Central Station
and a few stops on the way.
In addition, there are some areas of NYC where the subways are not convient.
And more subways are needed to go to the upper east side and harlem.
But it is an excellent system.
NYC has millions of people. That is very helpful in making a functional
system. That is one reason why other smaller cities can't make a go of mass
What's wrong with that? No private industry will touch this and energy
turns out to be a strategic asset. Free markets are great for allocating
resources but do not do strategic planning. Building something as a nation
can make a lot of sense.
I noticed a guy at a store the other day. He was wearing a t-shirt
commemorating the Rutan project's ascent into space. The usual "Capitalism
1, NASA 0" sort of message.
Except - that's not the score. Getting 100km off the ground is a fairly
notable achievement. One that NASA managed in 1962 or so. I remember
watching it on a black-and-white TV.
And 100km off the ground and then straight back down is not near as
impressive - or dangerous - as re-entry from a 160km orbit at 30K km/sec.
Nor has Rutan made it to the Moon. A small matter of getting up out of TWO
gravity wells and completely escaping both.
The score is more like "Capitalism 0.1, NASA 32." Rutan took a baby-step
towards useful space travel.
Oh, and the capacity of SpaceShip 1 or whatever it's called is a pilot and
three passengers. No luggage. No supplies for a few days in space. The
Shuttle can lift tons into orbit and stay there for days. An EDO Shuttle
can stay up for a couple of weeks.
So, while I think a coal-to-liquid fuel conversion plant is a bad idea, I
don't think a project owned by the people for the people will necessarily be
a bad idea.
Hilarious. Say, did you watch "Great Presidential Speeches" on Letterman
That may well be if the price of crude get high enough to make the process
competitive. Consumers are not going to buy higher cost alternative fuels
just to save the planet. they will only do so when they can save money.
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