Impeach George W. Bush Message Board

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Politics : Impeach George W. Bush

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To: donjuan_demarco who started this subject	3/12/2002 12:40:59 PM
From: TigerPaw	Read Replies (2) of 93284

Junior's corrupt friends. Every wonder why oil from Alaska is worth so much more to the companies than oil shipped in from overseas? With a little help from Kay B. Hutchison In the final week of September, 1999, Hutchison got enough votes to end a Senate filibuster and pass a rider that would stop the Department of the Interior from collecting full royalties from big oil companies drilling on public land. Small companies pay royalties on the market price of crude. Big Oil "sells" crude to their own refineries $4 to $5 per barrel lower than market price. That lowers their royalty payment, saving them millions. Commodity prices may be the same, but the profits get distributed differently. TP

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