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2011-05-12 Home Front: Politix

House Approves Bill to Lift Drilling Moratorium

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Posted by DarthVader 2011-05-12 15:36|| || Front Page|| [4 views ] Top

#1 I'm surprised more states don't just start telling them to pound sand. If ten states all stood up at the same time and headed different directions, the feds couldn't do anything about it.

Posted by gorb 2011-05-12 17:13|| 2011-05-12 17:13|| Front Page Top

#2 The irony here is, offshore oil is now owned by some farmer or land owner, it is leased to drilling companies by the US Government. So the US Government gets the royalty from the well. The US Government gets the taxes from the fuel. The US Government gets the taxes from the profits of the oil companies. The US Government gets the taxes from payroll of the oil company workers. The US Government gets the taxes from the goods and services purchased by the oil workers.

Unless one were PLANNING to fail or go bankrupt, why would one not sign the leases and begin production?

Posted by Besoeker 2011-05-12 18:08|| 2011-05-12 18:08|| Front Page Top

#3 Correction to the above please: The irony here is, offshore oil is NOT owned.....

Posted by Besoeker 2011-05-12 18:10|| 2011-05-12 18:10|| Front Page Top

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