Tuesday, February 14, 2006

Let's give away the farm while we're at it

Did I miss something. Did not Exxon and other oil companies just post the biggest profits ever? And we reward them by this
The federal government is on the verge of one of the biggest giveaways of oil and gas in American history, worth an estimated $7 billion over five years.

Royalty-Free Oil and Gas New projections, buried in the Interior Department's just-published budget plan, anticipate that the government will let companies pump about $65 billion worth of oil and natural gas from federal territory over the next five years without paying any royalties to the government.
You read that right. Royalty free.

I just love America.

Oh, one other question. Remind me again what sector the President worked in before seeking public office...

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