国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

您現(xiàn)在的位置: > Language Tips > Audio & Video > Normal Speed News  
 





  Oil industry defends big profits
[ 2006-04-29 09:09 ]

When the top U.S. oil companies announced huge increases in profits this week, many consumer advocates cried foul. At a time when American motorists are paying record-level prices for gasoline, some in the U.S. Congress think the oil company profits should be scrutinized closely. The U.S. senate Finance Committee is seeking tax return information on top U.S. oil companies from the Internal Revenue Service and some politicians are calling for a windfall profit tax .

Of course, oil companies oppose such a move, citing similar or even higher profit increases in other industries, such as pharmaceuticals, that have not caused an uproar.

Oil industry analysts, however, say a windfall profits tax might be counterproductive . Bob Tippee, editor of Houston-based Oil and Gas Journal, says large oil company profits could benefit consumers in the end.

"Consumers are not going to cheer oil industry profits when gasoline prices are high, everybody knows that," he said. "But in fact, those profits will go into the development of future supply that consumers need."

While some of the money earned by oil companies is paid to shareholders through dividends, much of it is reinvested into exploration, acquisition and production.

At its annual meeting here in Houston Wednesday, the directors of the Chevron corporation announced a 15.5-percent increase in the dividend, but also outlined plans for increased spending in development. Company executives say production can be expected to increase by three percent a year over the next five years as a result of new discoveries and ongoing development projects.

Bob Tippee says U.S. oil companies would spend more on development if they could go everywhere oil is to be found.

"There are two general problems, one is in the United States, we make the east and west coasts virtually off limits for exploration," he said. "Companies cannot drill in the Arctic National Wildlife Refuge coastal plain of Alaska. So, there are political limits in the United States and then, outside the United States, more and more exploration acreage is controlled by national oil companies.

Tippee says the high prices for crude oil in recent years has spurred many state-owned companies to develop more fields and boosted profits for U.S.-based oil services companies that often participate in such projects.

"We are already seeing some projects to increase supplies, especially in Saudi Arabia, Abu Dhabi, Kuwait, the big producers are aggressively developing new capacity which will come on stream in the next few years," he added.

Tippee says the increased supply, coupled with an expected slowdown in demand, will eventually move the price of oil lower. He says the important question is whether the demand reduction comes as a result of a worldwide recession set off by high oil prices or from a more moderate economic slowdown.

Vocabulary:

profit tax : 利潤稅

counterproductive : tending to hinder rather than serve one's purpose(使達(dá)不到預(yù)期目標(biāo)的)











 

 

 
 
 




霍邱县| 石景山区| 朝阳市| 大连市| 乌海市| 柞水县| 洪江市| 江西省| 临漳县| 德昌县| 南川市| 永安市| 北辰区| 北海市| 龙海市| 澎湖县| 长垣县| 称多县| 南昌县| 井陉县| 凤山县| 三明市| 门源| 上蔡县| 石景山区| 永川市| 乌拉特前旗| 清水河县| 广安市| 阿拉善盟| 田林县| 阿拉尔市| 溧水县| 天等县| 库车县| 嘉定区| 咸丰县| 镇远县| 荃湾区| 巴林右旗| 光山县|