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Big oil

Disagreeable

Well-known member
Link below; my emphasis.

"The United States offers some of the most lucrative incentives in the world to companies that drill for oil in publicly owned coastal waters, but a newly released study suggests that the government is getting very little for its money.

The study, which the Interior Department refused to release for more than a year, estimates that current inducements could allow drilling companies in the Gulf of Mexico to escape tens of billions of dollars in royalties that they would otherwise pay the government for oil and gas produced in areas that belong to American taxpayers."



Lots more at the link:

http://www.nytimes.com/2006/12/22/washington/22royalty.html?_r=3&th&emc=th&oref=slogin&oref=slogin&oref=slogin
 

Cowpuncher

Well-known member
The government gave the incentives to encourage drilling. Did it work?
If the Federal government couldn't include a clause in the contracts to cover the unexpectedly high cost of oil, whose fault is that?

The oil where they are drilling is not cheap!!
 
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