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To: thackney
And they invested?

And they gave to republicans?

And they cooperated with Bush's call for a reduction in reliance on imports by laughing and saying "never happen".

They can pay another $40 billion a year in taxes. Heck, they can pay a $400 billion capital levy paid in shares. Screw 'em.

10 posted on 02/28/2008 7:10:33 AM PST by JasonC
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To: JasonC
And they invested?

Yes, that is why in spite of today's oil and gasoline prices, their profit margin remains about 10%. The investment in upgraded and expanded facilities is immense. The demand for people, equipment and materials in the oil/gas industries is overwhelming due to the demand by oil companies. Pump, Pipe and Vessel manufactures are having a hard time keeping up with orders; lead times for these items are getting longer and longer.

And they cooperated with Bush's call for a reduction in reliance on imports

Oil companies do not control the resources kept out of exploration and production, the Federal Government does. The amount of drilling rigs active in the US is way up. But they are not being used in our some of most promising areas because they are denied access to them.

In 1999, there was an average of 625 active drill rigs in the US. In 2007 the average 1,769. It is past time we let them drill in places like ANWR.

North American Rotary Rig Counts
http://investor.shareholder.com/bhi/rig_counts/rc_index.cfm

They We can pay another $40 billion a year in taxes. Heck, they we can pay a $400 billion capital levy paid in shares. Screw 'em us.

I fixed your typo's.

24 posted on 02/28/2008 7:36:24 AM PST by thackney (life is fragile, handle with prayer)
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