ASK NOT WHAT GHS CAN DO FOR YOU, BUT WHAT YOU CAN DO FOR ALL OF US !!! (as in the whole United States - not just the Ark-La-Tex) - GoHaynesvilleShale.com2024-03-29T12:23:25Zhttps://gohaynesvilleshale.com/forum/topics/ask-not-what-ghs-can-do-for?commentId=2117179%3AComment%3A673633&x=1&feed=yes&xn_auth=noWith all due respect, I'm not…tag:gohaynesvilleshale.com,2009-05-14:2117179:Comment:6736332009-05-14T01:56:45.645ZSnake Stewarthttps://gohaynesvilleshale.com/profile/snakestewart
With all due respect, I'm not here to pick and choose. I think everybody that pays taxes could use a freakin tax break.<br />
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Are the Exxons going to eat the extra taxes or are you going to eat them at the pump ?<br />
It just seems silly to even think that the big O&G's are going to suffer through paying even more then they may or may not have been paying up until this point.<br />
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FYI......When gas hit $4 a gallon, the Exxon Mobils actually recorded record takes. I believe it was around $9,000,000,000…
With all due respect, I'm not here to pick and choose. I think everybody that pays taxes could use a freakin tax break.<br />
<br />
Are the Exxons going to eat the extra taxes or are you going to eat them at the pump ?<br />
It just seems silly to even think that the big O&G's are going to suffer through paying even more then they may or may not have been paying up until this point.<br />
<br />
FYI......When gas hit $4 a gallon, the Exxon Mobils actually recorded record takes. I believe it was around $9,000,000,000 extra , one quarter in particular. Yes that is small change to this current admin but thats a heep of money that they profited from at the expense of our backsides. If the tax burden is increased they will simply tack that on too. Heck, it probably jumped $.15 a gallon just while they were thinking about the possibilities of it going up.<br />
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In closing, lest we all forget.........If I receive a tax "Break", I am getting some of "MY" money back. Quit trying to make that sound so freakin dirty! If you are comfortable with higher taxes, sit down and right a check for yours and mine. If you and your pals are doing well enough, write an extra check for some of the others that are tired of the "Taxation without representation"!<br />
Tell the government to do what most normal people do when things get tight. Tighten up your belt a notch or two and curb excessive spending. Dont go on a spending spree with someone elses money for Petes sake and quit freakin blowing money like you got a printing press!.......Oh yea, they do have a printing press.(chuckle,chuckle) My bad! In America there are 650,000…tag:gohaynesvilleshale.com,2009-05-13:2117179:Comment:6729442009-05-13T19:17:27.324ZPipelinerhttps://gohaynesvilleshale.com/profile/BenRobertsonSr
In America there are 650,000 marginal or "Stripper" Oil & Gas wells, producing 25% of the crude oil and 10% of the natural gas that we use. This crude production is on par of Saudi Arabia.<br />
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Does Obama want to shut these stripper wells down and let us sit, twidling our thumbs, for the next 7 to 10 years, waiting for the government to prefect "Cold Fusion" or something similar?<br />
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Maybe he has access to an unknown new country, like Saudi, that will sipply us the missing 25% of our oil needs, we…
In America there are 650,000 marginal or "Stripper" Oil & Gas wells, producing 25% of the crude oil and 10% of the natural gas that we use. This crude production is on par of Saudi Arabia.<br />
<br />
Does Obama want to shut these stripper wells down and let us sit, twidling our thumbs, for the next 7 to 10 years, waiting for the government to prefect "Cold Fusion" or something similar?<br />
<br />
Maybe he has access to an unknown new country, like Saudi, that will sipply us the missing 25% of our oil needs, we now produce through stripper wells.<br />
<br />
Refining and using our own oil, that already here, is cheaper and better than hauling crude halfway around the world. The money goes into American pockets rather than foreign pockets.<br />
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<a href="http://www.enex.com/Taxadvantages.html">http://www.enex.com/Taxadvantages.html</a> Spring Branch,
You are corre…tag:gohaynesvilleshale.com,2009-05-13:2117179:Comment:6729122009-05-13T18:42:55.644ZPipelinerhttps://gohaynesvilleshale.com/profile/BenRobertsonSr
Spring Branch,<br />
<br />
You are correct that this tax break is not for Big Oil. Please see page 61 of the Treasury Green Book. Under "Repeal Credit for Production from Marginal Wells"--states "credit per well is limited to 1,095 barrels of oil or oil equivalents". That leaves the Big Boys out.<br />
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<a href="http://www.treas.gov/offices/tax-policy/library/grnbk09.pdf">http://www.treas.gov/offices/tax-policy/library/grnbk09.pdf</a><br />
<br />
These "tax breaks" were made laws by both parties, starting in 1916. If…
Spring Branch,<br />
<br />
You are correct that this tax break is not for Big Oil. Please see page 61 of the Treasury Green Book. Under "Repeal Credit for Production from Marginal Wells"--states "credit per well is limited to 1,095 barrels of oil or oil equivalents". That leaves the Big Boys out.<br />
<br />
<a href="http://www.treas.gov/offices/tax-policy/library/grnbk09.pdf">http://www.treas.gov/offices/tax-policy/library/grnbk09.pdf</a><br />
<br />
These "tax breaks" were made laws by both parties, starting in 1916. If these are all George W. Bush "Tax Breaks for the Wealthy", he sure started early-1916, 1926. 1950, etc., didn't he?<br />
<br />
<br />
<br />
<a href="http://www.taxpayer.net/search_by_category.php?action=view&proj_id=1553&category=Energy&type=Project">http://www.taxpayer.net/search_by_category.php?action=view&proj_id=1553&category=Energy&type=Project</a> Most of us are not overly con…tag:gohaynesvilleshale.com,2009-05-12:2117179:Comment:6707622009-05-12T23:05:13.643ZSpring Branch,mineral ownerhttps://gohaynesvilleshale.com/profile/SpringBranch
Most of us are not overly concerned with the increased taxes on the Exxon's of the world, though I would suspect that there will be many mom & pop shareholders who will be affected negatively. Your clueless president appears to be lumping the 40 acre royalty owner with the Exxon's and Chevrons by taking away their percentage depletion. Most of these folks have never received a royalty $ in their lifetime. Where is the increased taxes going??? To folk who have never paid taxes in their…
Most of us are not overly concerned with the increased taxes on the Exxon's of the world, though I would suspect that there will be many mom & pop shareholders who will be affected negatively. Your clueless president appears to be lumping the 40 acre royalty owner with the Exxon's and Chevrons by taking away their percentage depletion. Most of these folks have never received a royalty $ in their lifetime. Where is the increased taxes going??? To folk who have never paid taxes in their lifetime. How do you think the commercial real estate business would do if you took away their ability to depreciate buildings? Depletion is just another name for depreciation... Are you suggesting that his plan takes into consideration "tax fairness" for the small/medium independents?<br />
I think not. Heck, if they are borrowing billions of dollars to discover "domestic" natural gas, why not leave the large independents alone also? Update...
Obama keeps new oi…tag:gohaynesvilleshale.com,2009-05-11:2117179:Comment:6668342009-05-11T19:22:14.766ZKeith Mauck (Site Publisher)https://gohaynesvilleshale.com/profile/Haynesville_Shale
Update...<br />
<br />
<a href="http://www.ogj.com/display_article/361529/7/ARTCL/none/none/Obama-keeps-new-oil,-gas-taxes-in-final-2010-budget/?dcmp=OGJ.Daily.Update">Obama keeps new oil, gas taxes in final 2010 budget</a><br />
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Natural Gas Supply Association Pres. R. Skip Horvath said Obama's budget was bad news for American consumers and worse news for American jobs. "People don't appreciate how big the gas industry is in this country. Four million Americans depend on domestic gas for their livelihoods, both…
Update...<br />
<br />
<a href="http://www.ogj.com/display_article/361529/7/ARTCL/none/none/Obama-keeps-new-oil,-gas-taxes-in-final-2010-budget/?dcmp=OGJ.Daily.Update">Obama keeps new oil, gas taxes in final 2010 budget</a><br />
<br />
Natural Gas Supply Association Pres. R. Skip Horvath said Obama's budget was bad news for American consumers and worse news for American jobs. "People don't appreciate how big the gas industry is in this country. Four million Americans depend on domestic gas for their livelihoods, both those who work directly in the industry as well as those in second jobs, such as steel and concrete, and retailing," he said.<br />
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He said that it was too soon to say definitively how many jobs would be lost, "but just a 10% decrease in direct natural gas jobs could wipe out the beneficial effects of a doubling of wind and solar jobs.<br />
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"Tax policies directly impact the decisions that are made regarding drilling, especially for smaller companies," Horvath said. "More importantly, over 80% of the gas in the US is actually produced in this country. We are troubled that this administration has such a basic misunderstanding of how domestic gas markets will be impacted," he said. You have to have an office so…tag:gohaynesvilleshale.com,2009-05-09:2117179:Comment:6641442009-05-09T16:25:23.087ZSpring Branch,mineral ownerhttps://gohaynesvilleshale.com/profile/SpringBranch
You have to have an office somewhere in order to generate income as an attorney, I would think, KB. You either have that office in your home, own your own building which houses your office, or rent space from another building owner who provides you space for a fee. Which ever it is, someone is depreciating the building which houses your office and without that landlord having the ability to depreciate the building which provides that space, guess what.......your rent would be higher. Guess what…
You have to have an office somewhere in order to generate income as an attorney, I would think, KB. You either have that office in your home, own your own building which houses your office, or rent space from another building owner who provides you space for a fee. Which ever it is, someone is depreciating the building which houses your office and without that landlord having the ability to depreciate the building which provides that space, guess what.......your rent would be higher. Guess what else....your income would be lower, because you are having to pay more rent. So you do generate income with property, plant and equipment. It just happens to belong to someone else, or to you if you own your own building. It all falls back to that old law of unintended consequences! MeMaw was going to give you a…tag:gohaynesvilleshale.com,2009-05-09:2117179:Comment:6637722009-05-09T09:41:24.732ZCathaushttps://gohaynesvilleshale.com/profile/Cathaus
MeMaw was going to give you a pass. I changed my mind when I changed my depends!<br />
Parker and I will never forget about being "stood up". See you at Trejos on Airline, yea right!!!
MeMaw was going to give you a pass. I changed my mind when I changed my depends!<br />
Parker and I will never forget about being "stood up". See you at Trejos on Airline, yea right!!! YIKES !!!!!!!!
Some memory yo…tag:gohaynesvilleshale.com,2009-05-09:2117179:Comment:6633472009-05-09T01:57:07.043ZSnake Stewarthttps://gohaynesvilleshale.com/profile/snakestewart
YIKES !!!!!!!!<br />
Some memory you got there Parker. If me-maw wasnt already down for the count due to her meds, she would be all over this too! (LOL)
YIKES !!!!!!!!<br />
Some memory you got there Parker. If me-maw wasnt already down for the count due to her meds, she would be all over this too! (LOL) I'm no expert, but I don't th…tag:gohaynesvilleshale.com,2009-05-09:2117179:Comment:6632022009-05-09T00:13:38.262ZSpring Branch,mineral ownerhttps://gohaynesvilleshale.com/profile/SpringBranch
I'm no expert, but I don't think Percentage Depletion is available to the "big O&G" or any independents that produce over a certain amount a day (I think 1000 barrel oil equivalent). Someone check me on this, but that is my understanding. If that is the case, it was designed for the small independents and royalty owners like me and you, Not Large O & G and I think that Percentage Depletion existed before George Bush's Presidency. Someone check me on that , too. How is it " at the…
I'm no expert, but I don't think Percentage Depletion is available to the "big O&G" or any independents that produce over a certain amount a day (I think 1000 barrel oil equivalent). Someone check me on this, but that is my understanding. If that is the case, it was designed for the small independents and royalty owners like me and you, Not Large O & G and I think that Percentage Depletion existed before George Bush's Presidency. Someone check me on that , too. How is it " at the expense of our grandkids" to encourage domestic production rather than imported oil? Are tax credits for ethanol, wind power, solar power, home insulation, and everything else that the "enlightened ones" are in favor of ......"at the expense of our grandkids" also? Snake,
BTW, what are you doin…tag:gohaynesvilleshale.com,2009-05-08:2117179:Comment:6631592009-05-08T23:44:00.532ZBobi Carr ("parker")https://gohaynesvilleshale.com/profile/Bobi_Carr
Snake,<br />
BTW, what are you doing on here? Did you tell KK to meet you at Trejos?
Snake,<br />
BTW, what are you doing on here? Did you tell KK to meet you at Trejos?