Once again - Texas Oil Profits from Bush Administration
WHO DOES BUSH WORK FOR???????????
Almost at Trillion lost on a War and now Texas oil companies are getting kickbacks while prices are high!
http://www.nytimes.com/2006/03/27/business/27royalties.html?th=&emc=th&pagewanted=print
"There is no cost rationale," said Shirley J. Neff, an economist at Columbia University and Senator Johnston's top legislative aide in drafting the 1995 royalty law. "It is astounding to me that the administration would so blatantly cave in to the industry's demands."
"It is indefensible to be keeping these companies on the government dole when oil and gas prices are so high," charged Representative Markey of Massachusetts, who proposed to strip the royalty provisions. "We might as well be giving tax breaks to Donald Trump and Warren Buffett."
Almost at Trillion lost on a War and now Texas oil companies are getting kickbacks while prices are high!
http://www.nytimes.com/2006/03/27/business/27royalties.html?th=&emc=th&pagewanted=print
"There is no cost rationale," said Shirley J. Neff, an economist at Columbia University and Senator Johnston's top legislative aide in drafting the 1995 royalty law. "It is astounding to me that the administration would so blatantly cave in to the industry's demands."
"It is indefensible to be keeping these companies on the government dole when oil and gas prices are so high," charged Representative Markey of Massachusetts, who proposed to strip the royalty provisions. "We might as well be giving tax breaks to Donald Trump and Warren Buffett."
posted by nationaldefenseparty at 4:14 AM
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