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US to follow Chavez' Example

"The US oil industry charged the government with behaving like a third world despot after the House of Representatives voted to punish companies if they refused to change contracts to give the government a bigger share of rising oil profits."

http://news.ft.com/cms/s/8751137c-e779-11da-9046-0000779e2340.html

By vladimiro on May 20, 2006, 10:02 in Friendly Talkzone. AddThis Social Bookmark Button


Miguel_Clavo says on May 20, 2006, 11:25:

Comparing Apples to Oranges...... "In contentious debate, supporters of the amendment argued that with oil industry profits at record highs and the government facing huge budget deficits, giveaways worth billions to oil and gas producers were unacceptable. Opponents of the measure, chiefly among House Republicans, contended that forcing companies to renegotiate their deals constituted a breach of contract that would harm the government’s credibility and lead to costly litigation." quoted from the same article....

I have not one "drum" of sympathy for the oil companies....they have been screwing people for a long time, and the spineless American politicians have been bedhopping with them for years....and stopping all the tax advantages the oil industry has been enjoying over the many years at the expense of the american taxpayer is long over due...withdrawing tax benefits is not the same as "nationalizing the oil industry" in Venezuela and Bolivia.......

Oil executives annual tailgate party:

Mobile: "Ya, know, i think we ought to buy Microsoft with all this excess profit, what do you think, Exxon?"

Exxon: "No, we either buy a smaller oil-producing country so we dont have to deal with any more despots. Or, maybe the Catholic Church or Russia, no?"


Just my opinion...

Miguel_Clavo.......faltan 41 días.....

"Ignorance is a Weapon of Mass Destruction..."

"I would rather die living life, than to live a dying life."........ Oh, and my PM is always ON. Great Bumper Sticker: "Home of the Free, Because of the Brave"

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