So how did Hansen have all those interviews and posts and lectures and such about his climate alarmism? He was forbidden to do so - as the original poster contended? Or was it just "it's a bad move, you shouldn't do it" and no repercussions were felt? Did he lose his job, get passed over for a raise, was he censured?
Brainless prick - you said forbidden to speak. Then you post an article talking about just such conversations happening. Forbidden? Hardly. Get a brain you dolt.
If the cost of a few hundred Government employees to shuffle a bunch of paperwork back and forth for zero tax income is considered "no cost", then yes. There is no net tax to the Government or importer, but there IS a net cost to both in terms of labor to process all the paperwork. Do not confuse tax with cost.
The use of foreign free trade zones lowers US costs. Many products are taxed on importation. There is a cost associated with assessing and collecting that tax, ideally covered by the tax. But if the product imported is used to create an exportable product, then the tax can be claimed back, for full refund, by the original importer. That refund has a cost associated with it as well - and there is no tax to cover it.
For example, let's say you are making phones for export to Europe. You import the speaker from China, and pay a 4.9% duty on the speaker. You file your report, the CBP inspects and assesses the duty, you pay the duty. You build your phone. You export that phone. You now file paperwork with the CBP documenting the use and export of the speaker, and request your 4.9% duty back. The CBP processes your request and sends you back the money
The cost to you: zero hard dollars, some dollars to do the paperwork on both ends. The cost to the Government: paperwork on both end. Meaning money was lost for an essentially tax-free (well, supposed to be tax-free) activity.
Foreign free trade zones are used to short-circuit this situation. Foreign products are imported directly into the free trade zone, where they are incorporated into other products then exported right back out. No paperwork is required, no tax money is passed back and forth. If the product is fully imported to the US, then the appropriate duties are levied, but if it's exported back out - duty free the whole way. That is what cuts the cost - no need for hundreds of thousands of man-hours of processing imports and exports and inspecting those shipments.
As far as why Canada doesn't just export the oil - it's because the refineries that can handle the grade of oil from the tar sands are nearly all located in Texas and Louisiana. Most of the refineries in the rest of the world cannot process that crude. So options of where to export Canadian oil are extremely limited. And very few countries are willing to allow construction of new refineries specifically for this type of crude. It's also why most of Saudi Arabia, Iran, and the rest of the Middle East get their gasoline from the US - they have the raw crude, but we have the refineries to turn it into gasoline and other distillates.
You think that a report that is 13 years old based on data from 24-14 years ago is even close to factual? Really? The taxes have gone DOWN since that report was done, we have many more miles of roads , infrastructure, and you base a decision on that? Fucking A.
The last report release by the Bureau of Transportation Statistics concluded that fuel excise taxes more than cover highways, in fact they cover subsidies for rail and bus as well. Car-based taxes tend to be a net income producer for the Government. The issue is that the Government likes to take those taxes, spend them on something else, then whine about the damage to the roads and how roads are not being maintained...
Yep, at the peak of the bubble it sold for $12.5 billion. When the bubble burst, the real value of the company became apparent - 2% of that original sum. Same thing with the "unicorns" today who have no profit (and in the case of Twitter, no plan to get there). As soon as there's a bump in the VC funding market (like a bubble popping or deflating) those unicorns - so praised for being worth billions - will end up scattered about for a few millions at best.
It's all about his legacy. It's incredibly thin as-is, so he's doing whatever he can to keep it as strong as possible. One of the biggest impacts on a President's legacy is how well his party did after he left office. This veto was a bone thrown to the extreme environmental wing to keep them "on the reservation" for the Democrats in an effort to keep the White House in the hands of the Democrats - and perhaps maintain, or even increase, Democrat seats in the House and Senate.
You're paying about $3.43 per gallon in US dollars. Here in the Los Angeles area, we're paying about the same amount (about $3.30 per gallon). I hear you - it sucks, especially when you read about the prices about half this level in much of the rest of the US!
And the price of oil really won't change. If anything, it would probably increase as production costs in the US are higher than most of the rest of the world. But Canada, Venezuela and Mexico will be sad as we would no longer import the majority of our oil from those countries...
You do know the keystone pipeline would raise the cost of oil and lessen the supply to the industries you quote right?
You do realize that oil is a global commodity and there are literally hundreds of sources for it around the world, and that one country buying from Canada will not affect the prices for other countries unilaterally?
It is going to cars in China who are used to paying $9 a gallon for gas.
This is why Obama vetoed it. We have all the liability of a potential accident with less product.
President Obama vetoed it probably as a sop to the extreme environmental lobby, which overwhelmingly supports the Democrats. With the 2016 elections coming up, no President wants to see his "legacy" (and his is extremely thin as is) tarnished with big losses of the White House, House, and Senate because of an action he took which upset one of his core constituencies. This is about his legacy, nothing about liability and product availability. If he was worried about liability then he would have signed the bill as pipelines are safer than rail and truck.
You're all wrong and kind of stupid while you're at it.
Yes, you are, we're about to see why in a second...
This pipeline was to terminate in one of those "foreign free trade zones" where companies don't pay taxes on exports.
Neither the US nor Canada tax exports. At all. The reason for the use of the foreign free trade zone is to REDUCE costs to the US Government, saving it money. The law says that if I import goods from a foreign country (say, oil) I pay an import tax on it. When I use that good to create a new good/product and export the resuts, I can claim back the import taxes I paid on the original imported goods. Meaning the US Government must inspect, assess, and then collect payment. And then must process a claim for tax return, process, and pay back out.
By using a foreign free trade zone, product is not taxed when it arrives - and it must be exported abroad. The net tax result is zero - same as in the original case. But CBP doesn't have to process each transaction twice - eliminating the expense/overhead related to a zero-gain transaction.
Same thing happened in the US under George W Bush. NASA scientists were forbidden to talk to the media except through spin-doctors, as he wanted to censor them saying that Global Warming was indeed real.
Add Twitter to that list as well - and of course Uber. It's the same as the dot-bomb mantra: get big, grow revenue, worry about profit at a later date. Sure, you lose money on each transaction but you make it up in volume! Or something...
In 1999, Lycos was the 3=4th most visited website in the world (behind AOL, Yahoo, and Microsoft). A year later, at 5th place, it was bought by Terra Networks for $12.5 billion (about $17.5 billion today). Four years later it was sold for about 2% of that value, and most recently (with a web rank of ~9,000th most popular site on the Internet) was sold for $36 million in 2010. It was huge, more traffic than nearly every other site - lots of users! But it never had a plan for profit - just revenue. And it went away like 99.9% of all companies that worry only about revenue and not profit.
You mean the deal which is illegal? Which violates existing Federal statutes and laws regarding dealing with Iran. Specifically the Iran Threat Reduction Act which President Obama signed into law. But hey, breaking laws and ignoring what he pushed for is par-for-the-course for President Obama and his Administration.
Slashdot Mirror
So how did Hansen have all those interviews and posts and lectures and such about his climate alarmism? He was forbidden to do so - as the original poster contended? Or was it just "it's a bad move, you shouldn't do it" and no repercussions were felt? Did he lose his job, get passed over for a raise, was he censured?
Brainless prick - you said forbidden to speak. Then you post an article talking about just such conversations happening. Forbidden? Hardly. Get a brain you dolt.
If the cost of a few hundred Government employees to shuffle a bunch of paperwork back and forth for zero tax income is considered "no cost", then yes. There is no net tax to the Government or importer, but there IS a net cost to both in terms of labor to process all the paperwork. Do not confuse tax with cost.
The use of foreign free trade zones lowers US costs. Many products are taxed on importation. There is a cost associated with assessing and collecting that tax, ideally covered by the tax. But if the product imported is used to create an exportable product, then the tax can be claimed back, for full refund, by the original importer. That refund has a cost associated with it as well - and there is no tax to cover it.
For example, let's say you are making phones for export to Europe. You import the speaker from China, and pay a 4.9% duty on the speaker. You file your report, the CBP inspects and assesses the duty, you pay the duty. You build your phone. You export that phone. You now file paperwork with the CBP documenting the use and export of the speaker, and request your 4.9% duty back. The CBP processes your request and sends you back the money
The cost to you: zero hard dollars, some dollars to do the paperwork on both ends. The cost to the Government: paperwork on both end. Meaning money was lost for an essentially tax-free (well, supposed to be tax-free) activity.
Foreign free trade zones are used to short-circuit this situation. Foreign products are imported directly into the free trade zone, where they are incorporated into other products then exported right back out. No paperwork is required, no tax money is passed back and forth. If the product is fully imported to the US, then the appropriate duties are levied, but if it's exported back out - duty free the whole way. That is what cuts the cost - no need for hundreds of thousands of man-hours of processing imports and exports and inspecting those shipments.
As far as why Canada doesn't just export the oil - it's because the refineries that can handle the grade of oil from the tar sands are nearly all located in Texas and Louisiana. Most of the refineries in the rest of the world cannot process that crude. So options of where to export Canadian oil are extremely limited. And very few countries are willing to allow construction of new refineries specifically for this type of crude. It's also why most of Saudi Arabia, Iran, and the rest of the Middle East get their gasoline from the US - they have the raw crude, but we have the refineries to turn it into gasoline and other distillates.
You think that a report that is 13 years old based on data from 24-14 years ago is even close to factual? Really? The taxes have gone DOWN since that report was done, we have many more miles of roads , infrastructure, and you base a decision on that? Fucking A.
Taxes have not gone down since that report. Fucking A, indeed.
See article 1, section, clause 5 of the US Constitution - "No Tax or Duty shall be laid on Articles exported from any State." Thus there are zero export taxes in the US. It's not like it's hard to find the export tax rates for countries. And it's not hard to learn about foreign free trade zones in the US. But hey, I know it's just facts and reality - don't let that stop you from your little, delusional rant! Education is a terrible thing when you have an agenda to push...
The last report release by the Bureau of Transportation Statistics concluded that fuel excise taxes more than cover highways, in fact they cover subsidies for rail and bus as well. Car-based taxes tend to be a net income producer for the Government. The issue is that the Government likes to take those taxes, spend them on something else, then whine about the damage to the roads and how roads are not being maintained...
Yep, at the peak of the bubble it sold for $12.5 billion. When the bubble burst, the real value of the company became apparent - 2% of that original sum. Same thing with the "unicorns" today who have no profit (and in the case of Twitter, no plan to get there). As soon as there's a bump in the VC funding market (like a bubble popping or deflating) those unicorns - so praised for being worth billions - will end up scattered about for a few millions at best.
It's all about his legacy. It's incredibly thin as-is, so he's doing whatever he can to keep it as strong as possible. One of the biggest impacts on a President's legacy is how well his party did after he left office. This veto was a bone thrown to the extreme environmental wing to keep them "on the reservation" for the Democrats in an effort to keep the White House in the hands of the Democrats - and perhaps maintain, or even increase, Democrat seats in the House and Senate.
You're paying about $3.43 per gallon in US dollars. Here in the Los Angeles area, we're paying about the same amount (about $3.30 per gallon). I hear you - it sucks, especially when you read about the prices about half this level in much of the rest of the US!
And the price of oil really won't change. If anything, it would probably increase as production costs in the US are higher than most of the rest of the world. But Canada, Venezuela and Mexico will be sad as we would no longer import the majority of our oil from those countries...
You do know the keystone pipeline would raise the cost of oil and lessen the supply to the industries you quote right?
You do realize that oil is a global commodity and there are literally hundreds of sources for it around the world, and that one country buying from Canada will not affect the prices for other countries unilaterally?
It is going to cars in China who are used to paying $9 a gallon for gas.
You are an idiot. Gas in China is about $4/gallon. It's about the same price it's been for the last few years.
This is why Obama vetoed it. We have all the liability of a potential accident with less product.
President Obama vetoed it probably as a sop to the extreme environmental lobby, which overwhelmingly supports the Democrats. With the 2016 elections coming up, no President wants to see his "legacy" (and his is extremely thin as is) tarnished with big losses of the White House, House, and Senate because of an action he took which upset one of his core constituencies. This is about his legacy, nothing about liability and product availability. If he was worried about liability then he would have signed the bill as pipelines are safer than rail and truck.
You're all wrong and kind of stupid while you're at it.
Yes, you are, we're about to see why in a second...
This pipeline was to terminate in one of those "foreign free trade zones" where companies don't pay taxes on exports.
Neither the US nor Canada tax exports. At all. The reason for the use of the foreign free trade zone is to REDUCE costs to the US Government, saving it money. The law says that if I import goods from a foreign country (say, oil) I pay an import tax on it. When I use that good to create a new good/product and export the resuts, I can claim back the import taxes I paid on the original imported goods. Meaning the US Government must inspect, assess, and then collect payment. And then must process a claim for tax return, process, and pay back out.
By using a foreign free trade zone, product is not taxed when it arrives - and it must be exported abroad. The net tax result is zero - same as in the original case. But CBP doesn't have to process each transaction twice - eliminating the expense/overhead related to a zero-gain transaction.
In the case of the Athabasca oil sands in Alberta, where the oil that was supposed to fill the Keystone pipeline was coming from, it is actually mined. At least you're an AC so your real ignorance isn't shown...
Same thing happened in the US under George W Bush. NASA scientists were forbidden to talk to the media except through spin-doctors, as he wanted to censor them saying that Global Warming was indeed real.
Is that why NASA stated that 2005 was the warmest on record? Why 2004 was announced as the 4th warmest? Why NASA scientists were talking about global warming at 2003 conferences? Would you like a few thousand more instances where NASA scientists spoke up about global warming and claimed it was real and happening throughout the Bush Administration?
Partisan hack BasilBrush spotted...
Without the Y chromosome, the human race was run.
Add Twitter to that list as well - and of course Uber. It's the same as the dot-bomb mantra: get big, grow revenue, worry about profit at a later date. Sure, you lose money on each transaction but you make it up in volume! Or something...
In 1999, Lycos was the 3=4th most visited website in the world (behind AOL, Yahoo, and Microsoft). A year later, at 5th place, it was bought by Terra Networks for $12.5 billion (about $17.5 billion today). Four years later it was sold for about 2% of that value, and most recently (with a web rank of ~9,000th most popular site on the Internet) was sold for $36 million in 2010. It was huge, more traffic than nearly every other site - lots of users! But it never had a plan for profit - just revenue. And it went away like 99.9% of all companies that worry only about revenue and not profit.
It forgot to pay its maintenance fees, and field access was turned off at the server.
They want to keep up with the climatologists - er, climate scientists.
They're anonymous because they're ashamed of their grammatical skills...
Well, it does explain most social justice warriors... ;)
I started with 6 bags - ended up having to rush out and buy 6 more, went through 11 total! Dang there are a lot of kids around here...
You mean the deal which is illegal? Which violates existing Federal statutes and laws regarding dealing with Iran. Specifically the Iran Threat Reduction Act which President Obama signed into law. But hey, breaking laws and ignoring what he pushed for is par-for-the-course for President Obama and his Administration.
Most of my EE books were in the $150+ range. And that was nearly 30 years ago. $170 for a 197 page E&M book. Yep, nearly a buck a page!
Duh, there's no sky in space because it's not blue - so there can't be light either!