House GOP Energy Revolt - Rep. Mike Conaway
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Please learn the facts. Also the "Drill now, pay less" groups you notice do not ask for donations to pay for the stickers and the TV ads. Thats because they are payed for by a group called "American Solutions". This was started and owned by BP oil company and they pay Newt Gingridge to front the organization.
ahlkca22 3 years ago
The oil companies are also pushing for a reduction in their royalty payments to the U.S. for oil and gas extracted from public lands.
The big prize for the oil companies in North America isn't The Refuge, but sites off the Alaskan coast, eastern and western US coasts and the Gulf of Mexico: "Deepwater," says Jeff Kieburtz of Solomon, Smith Barney, "is where the real, pure exploration is going in this country."
ahlkca22 3 years ago
The oil companies' strategy is to exploit the energy crisis to seize at last a number of long-sought objectives: not just access to the Arctic National Wildlife Reserve and the coasts of the US which would be a great symbolic victory, but also the tax breaks worth billions for oil and gas extraction from wells across the country. Any time OPEC reduces drilling, US companies drop there production also to reduce supply.
ahlkca22 3 years ago
An FTC (Fed. Trade Commission) economist had concluded that BP-Amoco along with Exxon was selling oil to Asian refineries at prices lower than it would sell to US refineries, in order to manufacture a US shortage. As evidence the FTC had e-mail traffic passing between BP and Exxon managers who talked about "shorting the US market" in order to "leverage up" the prices there. Another BP manager called this scheme a "no brainer". The FTC reckoned that this ploy allowed BP and Exxon to hike prices.
ahlkca22 3 years ago