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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: Brumar89 who wrote (127056)6/21/2008 11:18:11 PM
From: Nicholas Thompson  Read Replies (1) of 173976
 
I think Bumar is partially correct but i think he is only talking about oil production within the US. Basically most--at least 80%-- of the overall production/refining and marketing of oil in the US is controlled by less than 10 companies. We get 60% plus of oil from foreign countries, Canada and Mexico being the leaders. The other 40% of our oil is from domestic producers, but even there many producers just pump the stuff from their land sell it right away , and have no say in pricing and often get 1/4 or 3/8 of set prices royalty payments.
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