Shell Oil has reported an increase in profits of 33%. This is over last year; you may recall that last year, the oil companies were making big profits then, too.
But they come to their buddies in the Administration and the Congress and ask for more tax breaks and places to drill, when they already have roughly 70 million acres of oil leases that they haven't begun to drill on.
Congress ought to pass "use it or lose it" legislation so that if the oil lease holders don't drill on the areas they have leased, the lease ends and a new company can go in there.
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1 comment:
They are so corrupted but the cycle continues as they are making enough money to pay for lobbyists, donate to candidate and all the other great thing that they do on a daily basis
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