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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Wyätt Gwyön who wrote (101278)5/21/2008 5:01:03 AM
From: elmatador  Read Replies (2) of 206089
 
US government hostility toward such a key industry. "It isn't right that oil companies are making record profits at a time when ordinary Americans are going into debt just to fill up their tanks. That's why we'll put a windfall profits tax on oil companies and use it to help Oregon families reduce energy costs." - Barack Obama, May 11, 2008 opinion piece in an Oregon newspaper

"Hillary will impose a windfall profits tax on oil companies and use the money to temporarily suspend the 18.4 cent per gallon federal gas tax and the 24.4 cent per gallon diesel tax during the upcoming peak summer driving months. Unlike Senator McCain's plan, Hillary's plan will be fully paid for by taking away oil company profits through a windfall profits tax." - Media release, HillaryClinton.com

The politicians and the popular press are lashing at the industry for pure populist gains!

Creeping Nationalization and the Oil Industry
resourceinvestor.com

Look closely and the most vocal groups that clamor for more oil from the Saudis are the same very ones that opposes drlling in the country.
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