Topic: US energy industry recieves $8 billion tax break
TemporalHominid
rabble-rouser
Babbler # 6535
posted 04 August 2005 02:19 PM
In the last quarter some of these companies were really struggling I guess. Oops, no that was not the case. Some of these companies are experiencing record profits. No room for free enterprise? Corperate welfare is lucrative. I have nothing against companies making profits but when tax payer money is used to faciliatate greater potential for profits and to boost deficits and debts I am appallled everytime any government does this.
The House Energy Bill does not appear to have any investments in education and research/technology development. Very short sighted. But it does line the pockets of the influential.
From: Under a bridge, in Foot Muck | Registered: Jul 2004
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ReeferMadness
rabble-rouser
Babbler # 2743
posted 05 August 2005 12:40 AM
Whew! That was close.
I was starting to worry about those oil companies!!
From: Way out there | Registered: Jun 2002
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M. Spector
rabble-rouser
Babbler # 8273
posted 05 August 2005 12:55 AM
In most industries, when the price of their raw materials rises dramatically, their profits go down.
The oil industry is the opposite - it seems their biggest profits occur in times of rising crude oil prices.
Now on top of that, they're going to be corporate welfare bums?
From: One millihelen: The amount of beauty required to launch one ship. | Registered: Feb 2005
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posted 04 August 2005 02:19 PM
