First I heared oil companies made record profits. "Exxon Mobil Corp. posts one of the largest quarterly profits in American history: $10.7 billion for the fourth quarter of 2005, up from more than $8.4 billion a year ago. Exxon is the latest oil company to post record profits as oil prices continue to rise. "
And then I read this. "The U.S. government is on the verge of one of the biggest giveaways of oil and gas in American history, an estimated $7 billion over five years. Under projections buried in the Interior Department's budget plan, the government would let companies pump about $65 billion of oil and natural gas from federal territory over the next five years without paying any royalties to the government."
I didn't understand until I remembered- it's Valentine's Day. Happy Valentine's Day big oil from your sweetheart the current administration.
And then I read this. "The U.S. government is on the verge of one of the biggest giveaways of oil and gas in American history, an estimated $7 billion over five years. Under projections buried in the Interior Department's budget plan, the government would let companies pump about $65 billion of oil and natural gas from federal territory over the next five years without paying any royalties to the government."
I didn't understand until I remembered- it's Valentine's Day. Happy Valentine's Day big oil from your sweetheart the current administration.
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