Reply
Fri 22 Dec, 2006 11:32 am
Government allowing oil companies to avoid tens of billions in royalties owed To US Taxpayers while the national deficit grows.---BBB
Dec 1999 crude oil was $22.55 a barrel.
Who is in charge of the amount of those incentives, BBB?
More incentives? Right now, we are in the most protracted oil & gas boom I've seen since becoming associated with the O&G service industry. If the oil is there, and in economically worthwhile formations, it will be drilled with or without incentives.
roger wrote:More incentives? Right now, we are in the most protracted oil & gas boom I've seen since becoming associated with the O&G service industry. If the oil is there, and in economically worthwhile formations, it will be drilled with or without incentives.
But what if it is unknown whether oil is in a particular location, Roger? What is the incentive to promote domestic drilling to reduce the dependence on foreign oil?
Stumble It!
Tweet This
Bookmark on Delicious
Share on Facebook
Share on MySpace