Kelsie+N.+-+GL+-+SP12


 * Kelsie Newman **
 * Mr.Wimmer **
 * Current Event 4 **
 * Globalization **


 * __Summary: __For the upcoming year of 2012, transocean is facing a severe increase in their taxes, compared to previous years. This year it is climbing to 473 million dollars, excluding interest. The company faces many false allegations and plans to defend these rates.The oil company is granted this enormous amount due to the shocking demand in oil. The gradual increase will stun Americans and continue this pattern for years to come. Consequently, government is stepping in issuing a more affordable budget. **
 * __Relevance: __Due to the fact that government officials have stepped in, it is now becoming a nationwide topic. Much dispute has developed because of the startling amount of taxes. The market development is clearly shown throughout the entire ordeal. Officials and businessmen are cooperating to level out the tax problem. America has seen way to many extreme cases of taxes. This relates to the taxing in the original colonies issued by the British. The king proposed skyrocket taxes dealing with many necessities of the colonist. In this current case oil is a necessity for many Americans. Transportation requires an excessive amount of oil, and transportation is a need in today’s society, therefore causing an uproar against the high taxes on something used in daily activity. **
 * __Evaluation: __The article is directed to someone who has a political background. It targets figures with the basic knowledge of taxation in America. It could commonly be mistaken and interpreted in many ways. Restating the information in a simpler manner would be a better option, so the average American could see the common affects and importance of the high taxes. The article directly states the main issue and gets to the point immediately allowing the reader to get the facts right away. The oil companies should see the increases each year and learn from them. It is obvious that the more production, the higher the taxes will be. Instead of relocating oil rigs and causing more expenses from American pockets, the government should focus on lowering the prices. **


 * Questions: **
 * 1) What problems do you see facing the Transocean company with taxes exponentially growing? **
 * 2) How can the American oil taxes lower? **
 * 3) Should Obama interfere with this scandal? **

Reddall, Braden. "Transocean Says May Face $473 Million U.S. Tax Bill." Msnbc.com. Msnbc Digital Network, 01 Mar. 2012. Web. 08 Mar. 2012. .
 * <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 15px; text-decoration: none; vertical-align: baseline;">Work Cited: **

<span style="background-color: transparent; color: #000000; font-family: 'Times New Roman'; font-size: 16px; text-decoration: none; vertical-align: baseline;">"Boston Tea Party." Wikipedia. Wikimedia Foundation, 03 Apr. 2011. Web. 08 Mar. 2012. <http://en.wikipedia.org/wiki/Boston_Tea_Party>.