Oil

Oil exec warns taxes could sink US energy rebirth

  <div class="rpuEmbedCode"> <div class="rpuArticle rpuRepost-ebf604cd950b34707d45ca0a15d529a1-top rpuNoTitle" style="margin: 0; padding: 0;"><a class="rpuThumb" href="http://s.tt/1y9tJ" rel="norewrite"><img style="float: left; margin-right: 10px;" alt="" src="http://img.1.rp-api.com/thumb/3921980" /></a> <a class="rpuTitle" href="http://s.tt/1y9tJ" rel="norewrite"><strong>Oil exec warns taxes could sink US energy rebirth</strong></a> (via <a class="rpuHost" href="http://s.tt/1y9tJ" rel="norewrite">AFP</a>) <p class="rpuSnip">A top US <i>oil</i> industry figure warned Tuesday that the country's energy renaissance could be threatened by "punitive" tax policies on <u>oil</u> and gas exploration. With the US government looking to remove tax breaks for big oil firms to help boost government revenues, Jack Gerard, the head of the American…</p> </div> <div class="rpuKeywords" style="display: none;">oil, Gerard, oil industry, Washington to pursue policies favorable to energy, energy production, tax, environmental groups, oil industry figure, big oil firms, XL oil pipeline, American Petroleum Institute, domestic energy production, Jack Gerard, key tax measures, major policy battles, gas, State Department approval, offshore drilling rig, Shell, large oil, tax policies, tax breaks, oil production, gas exploration, government revenues, energy renaissance, tax deductions,

Tagged , , , Read More

Why The 47% Won’t Vote for Romney and Why It Reflects Poorly on America

<a href="http://www.professorhollybell.com/wp-content/uploads/2012/09/Romney.jpg"><img class="alignleft size-full wp-image-1918" title="Romney" src="http://www.professorhollybell.com/wp-content/uploads/2012/09/Romney.jpg" alt="Romney"width="224" height="224" /></a> <h2>Mitt Romney and Taxes</h2> By Holly A. Bell I don’t disagree with Mitt <b>Romney</b>’s comment that the 47% of Americans who don’t pay personal income taxes won’t vote for him, but for a different reason. He describes these individuals as “victims” who are dependent on entitlements. While the U.S. probably has people within this group who have a victim and entitlement mentality (what society doesn’t), it’s not the entire 47%. Yet, this group won’t vote for <i>Romney</i>, so the question is: Why? The answer is very simple really: They are happy with the current personal income tax system. They won’t vote for <u>Romney</u> because he is running, in part, on modifying income taxes even though their own income taxes won’t be directly impacted. Why? Well, this is where the logic is flawed and the foundations of America are shaken: They don’t think people beyond

Tagged , , , , Read More

If You Don’t Have The Facts, It Might Be A Conspiracy

<h2><a href="http://www.professorhollybell.com/wp-content/uploads/2012/02/371971kdqerp0qs.jpg"><img class="alignleft size-medium wp-image-556" title="371971kdqerp0qs" src="http://www.professorhollybell.com/wp-content/uploads/2012/02/371971kdqerp0qs-300x198.jpg" alt="conspiracy"width="300" height="198" /></a>I’m all for a good conspiracy theory but…</h2> By Holly A. Bell My husband and I found ourselves with matching injuries this week: Severely bruised and swollen right shins and sore knees. There was a lot of limping and no one to feel sorry for us. His injury was the result of a tray full of food and a flight of stairs in a Japanese McDonalds, while mine involved ice and the running board of my car at an Alaska Avalanche game (Go Avs!). They say you start to look and act like your spouse over time, but we agreed we had probably taken it a little too far this time. At one point, legs elevated and packed in ice, we wondered if something might be broken and if we were going to need to see a doctor. The problem? While our injuries were

Tagged , , , , Read More

Who Are The 1%?

<h2><a href="http://www.professorhollybell.com/wp-content/uploads/2012/01/29442ssj4gp91zy.jpg"><img class="alignleft size-medium wp-image-502" title="29442ssj4gp91zy" src="http://www.professorhollybell.com/wp-content/uploads/2012/01/29442ssj4gp91zy-199x300.jpg" alt="1%"width="199" height="300" /></a>So who are the top 1% of wage earners in America?</h2> By Holly A. Bell What are their lives and households like and what do they do? <a rel="nofollow" href="http://www.nytimes.com/2012/01/15/business/the-1-percent-paint-a-more-nuanced-portrait-of-the-rich.html?ref=business" target="_blank"><em>The New York Times</em> recently published an article</a> that gives us some real insights into the highest <i>1%</i> of income earners. You might be surprised who they are. The first thing most people don’t realize is the range of incomes in the top <u>1%</u>. The bottom of this group makes about $380,000 a year. While I realize this is a significant income, it is not unusual for a household with two working professionals to earn $380,000. Doctors, lawyers, pilots, entrepreneurs, accountants, and managers certainly have the potential to make $190,000 each or more. The thing that is significant about the lower end of the 1% is that these are the working class 1% who

Tagged , , , , , , , , , , , Read More

Why We Might All Fly On Private Jets

<a href="http://www.professorhollybell.com/wp-content/uploads/2012/01/53801eol4nf5amb.jpg"><img class="alignleft size-thumbnail wp-image-173" title="53801eol4nf5amb" src="http://www.professorhollybell.com/wp-content/uploads/2012/01/53801eol4nf5amb-150x150.jpg" alt="jets"width="150" height="150" /></a>By Holly A. Bell As election season whips into full swing, “the rich” and private <i>jets</i> have continued be a source of great debate. During the recent deficit debate one of the targets were private jet owners. The debate involved eliminating the accelerated depreciation on corporate <u>jets</u> that was part of the administration’s own stimulus package.<strong></strong><strong></strong><strong></strong><strong></strong> <h2><strong>Private Jets Mean Employment</strong></h2> Forget the fact that the general aviation industry employs 1.2 million people and generates $150 billion in revenue annually; or that Cessna and Gulfstream alone employ people in 15 cities nationwide. You should be concerned because the proposed tax increase on jet owners could impact you. Yes, you.  While private jets appear to be the toys of the rich and famous, you or your children might use one someday. Really. Your life is full of amenities previously reserved for the super-rich. <h2><strong>Your Home </strong></h2> During the 19<sup>th</sup>

Tagged , , , Read More