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PeakOil is You

PeakOil is You

123 billion in profit

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General interest discussions, not necessarily related to depletion.

123 billion in profit

Unread postby jboogy » Tue 01 Apr 2008, 15:39:20

These guys have quite a sense of humor.
http://money.cnn.com/2008/04/01/news/co ... topstories
tax breaks and deferred, reduced payments for federal oil leases, 100 million invested for renewables by a company that made 40 billion in profit last year. This is socialism if they pump on federal lands and enjoy reduced tax rates, if it's socialism why not go all the way and nationalize them? We'll give em a fair price for their equipment and private leases, I promise.
Perhaps the population would be less swayed to socialism if we had fewer examples of socialism from our "Free Market Capitalists". -----fiddler dave
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