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Politics : Impeach George W. Bush -- Ignore unavailable to you. Want to Upgrade?

To: Selectric II who wrote (11532)3/12/2002 2:18:47 PM
From: TigerPaw  Read Replies (1) | Respond to of 93284
 
different prices based on such things as quality and refinability
Minor effects! The main reason that the oil companies want to get domestic crude from government land is that they have no intention of paying a reasonable price to the American public. They are stealing this common resource for their own personal profit. This is the signature of the Bush administration and his oil connections. The final product will be sold back to the Americans at world class prices.

TP



To: Selectric II who wrote (11532)3/12/2002 3:16:06 PM
From: MSI  Read Replies (2) | Respond to of 93284
 
You failed to read: the purpose isn't to change royalties on the basis of oil type.

It is "... to 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."


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