His entire life is a Big Lie. My favorite Algore Lie is how he invented the Internets.

Holy cow. I’m not a big fan of the 1 series, but I’d definitely give them five dollars for it.

rogerb on January 30, 2013 at 12:31 PM

Chase me down and I will give free advice on flood and guys to help you if you get one. unfortunately, the only guy I know in my area bills like a lawyer but he can make one perfect.

I have bought cars and sold them for 8 to 10 times what I paid. and I didn’t rip anyone off.

Sometimes I get bruised and bleed too…all part of being a capitalist.

Your begrudge him his business successes

You mean his extortion of millions from corporations without actually providing a product or service, based on lies, fabricated “science”, and the alarmist methods of a complicit media? You bet I begrudge him that. He’s a Looter of the first order. His behavior proves Ayn Rand to be a prophet.

Wow. $0 bid…that has to change.

Lookie:

http://erepairables.com/salvage-auction/cars/bmw/1+series/2011-bmw-1+series-3127271
 
IlikedAUH2O on January 30, 2013 at 7:11 AM

 
Holy cow. I’m not a big fan of the 1 series, but I’d definitely give them five dollars for it.

that there is no difference –
that it’s all the same –
that there are no distinctions –

What an idiot.

verbaluce on January 30, 2013 at 10:45 AM

First, acknowledge that you FINALLY understand the difference between a revenue subsidy and an expense deduction.

Until you do, I will simply continue to make you look like an idiot.

Now your position is there is nothing special at all.

No, that’s not my position. The oil and gas industry is different than many other industries. In a way, it’s special. Apple gets to expense the cost of selling a product (COGS or Cost of Sales) that they make. Oil companies don’t make a product, therefore their COGS allowance is different.

Does “different” mean “special”? Do things that are different need to have “special” rules in order to provide similar treatment? Why, gee. Yes, they do.

that there is no difference –
that it’s all the same –
that there are no distinctions –

Wow, you really are stupid.

Why would anyone claim that the oil and gas industry is the same as all other businesses and that there are no distinctions?

verbaluce, the only thing you’ve done is proven that you’re just as ignorant about accounting/finance as you are about science!!!

Is that because you hate numbers just as much as you hate science? Or do you hate science because you hate numbers.

verbaluce, it’s good that you get this opportunity to be educated by me. Maybe this helps prevent you from embarrassing yourself in real life by talking about your arse.

blink on January 30, 2013 at 10:39 AM

‘Special tax treatment can serve the same purpose as a subsidy by uniquely favoring the oil and gas industry.’

Now your position is there is nothing special at all.
that there is no difference –
that it’s all the same –
that there are no distinctions –
Your differ with the analysis of conservative economists and corporate tax analysts on the issue.
Ok.
Noted.

Stop being a hack, Blink.

verbaluce on January 30, 2013 at 10:33 AM

Irony doesn’t get any richer than that.

Even a right leaning think tank like Heritage understands it’s false not to acknowledge that these are in effect ‘subsidies’.

Acknowledge that you understand the difference between a revenue subsidy and a tax deduction. Acknowledge that you understand that one artifically props up a business while the other one merely allows additional profits (that would be earn anyway) to be retained by shareholders.

If you don’t acknowledge this, then you have ZERO credibility.

But thanks for letting us know Apple makes use of the PDA.

Your willful ignorance on full display.

You think it’s ok for Apple to deduct their expenses, but you refuse to acknowledge that the oil and gas industry should be allowed to have very similar deductions.

Stop being stupid, verbaluce.
blink on January 30, 2013 at 9:49 AM

Stop being a hack, Blink.
Even a right leaning think tank like Heritage understands it’s false not to acknowledge that these are in effect ‘subsidies’.
But thanks for letting us know Apple makes use of the PDA.

Again…you are playing semantics here…

verbaluce on January 30, 2013 at 9:22 AM

Stop being stupid, verbaluce. It’s NOT semantics.

LEARN the difference between a revenue subsidy and a normal business expense.

Government R&D

What is “Government R&D”? Do you even know, or were you happy to just cut&paste something that you don’t understand?

R&D is ALWAYS considered a legitimate business expense. Or are you claiming that Apple gets a “subsidy” for inventing new iPhones and iPads????????

Enhanced Oil Recovery (EOR) Tax Credit.

1. THIS IS A TAX CREDIT! If the company doesn’t make a profit, then they get NOTHING! This doesn’t help them get revenue. Why are you too stupid to understand this?

2. This tax deduction hasn’t even been available for a long time.

Percentage Depletion Allowance

This is like a “Cost Of Goods Sold” or “Cost of Sales” that every company in the world gets to expense. Apple gets to deduct the expense of “selling” an iPhone. Independent oil companies get to deduct the “cost” of their oil sold via Percentage Depletion Allowance.

Or do you think that Apple deserves this type of deduction more than independent oil companies?????

Exemption from Passive Loss Limitation

1. I’m quite sure that you have NO IDEA what this is. Because, if you did, then you would be far too embarrassed to cut&paste this.

2. So, you don’t think that an investor should be allowed to deduct the cost of drilling a dry hole? If Apple loses money on a version of an iPhone, then you don’t think that they should be allowed to deduct that loss from the revenues from their other products?

Again, how are you not embarrassed by your ignorance????

I DON’T BELIEVE IN GOVERNMENT ‘BENEFITS’ EITHER (deducting costs of business is NOT, however, a government ‘benefit’).

Resist We Much on January 29, 2013 at 5:30 PM

RWM –
Again…you are playing semantics here…your language sounds like it’s right out of some lobbyist’s lierature.
Maybe Heritage as a source works better for you?

Oil Subsidies That Should Be Removed
First, let’s take a look at oil subsidies that are obvious and unnecessary. Congress should eliminate the following subsidies:
Government R&D
Enhanced Oil Recovery (EOR) Tax Credit.

and

Special tax treatment can serve the same purpose as a subsidy by uniquely favoring the oil and gas industry.
> Percentage Depletion Allowance
> Exemption from Passive Loss Limitation

If it runs, sure. Tell me where to send the boys to pick it up.

rogerb on January 30, 2013 at 6:39 AM

Heh. Salvage.

I didn’t say free . They had a mess of BMW’s in NJ salvage after Sandy. So many I thought the Bavarians were reducing inventory by dropping the excess units in the drink. They were cheap and I was looking for something to customize since I gave my Caddy away. The best was a 7 in Miami with hail except they were cutting th price nearly enough. When hail is so bad you have to dump the panels and weld till next week.

Now..on your comment…

Oh maybe they are free since it is just a 135 Coupe or whatever.

Wow. $0 bid…that has to change.

Lookie:

http://erepairables.com/salvage-auction/cars/bmw/1+series/2011-bmw-1+series-3127271

Anybody want a salvage BMW?
 
IlikedAUH2O on January 29, 2013 at 9:53 PM

 
If it runs, sure. Tell me where to send the boys to pick it up.

blink on January 29, 2013 at 4:37 PM

Anybody want a salvage BMW?

I think that despite some comments I may have made about Media Matters and President Obama, both have some redeeming qualities, also.

Then we have Al Gore. It was bad enough that this pathetic, fat, piece of crap got preachy at the expense of poor Americans and folks the world over with this nut ball global warm..er, climate change and then manipulated ignorant dupes like some in this administration to put a millstone on a nascent recovery. Then he sells to oil money!

His excuse citing the extent of the network’s coverage of climate issues is interesting. Of course, the oil industry is of vital import to those folks. So is keeping prices high. Go over there and watch the TV or just check their web site!

Those goals are NOT necessarily antithetical dealing fairly with the US. They sure are to banning or reducing the use of fossil fuels.

Maybe if I could get the US unemployed to pay him off, he would have sold to a community organizing group, or maybe the US chamber of commerce.

Sad.

Thank Heavens you were not elected president.

Except, you confused the “issue” by calling tax deductions (depletion allowances and IDCs, which are the costs of doing business for independents and wildcatters) “subsidies,” which they are not.

As for “special treatment,” you will notice that major oil companies DO get special treatment. They are NOT allowed to deduct many standard costs of doing business.

Do you have any other “inconsistencies” or “ignorance” that you would like to prominently display for the world today?

Resist We Much on January 29, 2013 at 5:36 PM

A….MEN.

I’ve heard this lie pushed so many times that people believe it.

This comes from people believing that because they think a certain way they own the facts.

They’ve take the word subsidies and have substituted tax deductions, the same that EVERY business recieves when they have investments out of the country.

The “big oil” demon has been the Democrat whipping boy for too long.

Let this irresponsible use of words finally end.