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Author: lindytoes Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 444898  
Subject: Re: big oil subsidies Date: 2/24/2013 1:12 PM
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Imagine, for a moment, if you were like Jed Clampett and Shell came in and simply started pumping out the oil. They pay you some small pittance for it, but just keep sucking it off your land. You'd think that outrageous because it's your land. Well, federal lands are also your (and my and everyone's) land. And that's exactly what we let them do. IMO, it's that practice when done overseas that leads people like Chavez to nationalize their oil (because that's the only way the people can benefit from it). 1poorguy

Brings to mind that socialist Sarah Palin and a whole cohort of politicians in Alaska.

<snip>
"Over the opposition of oil companies, Republican Gov. Sarah Palin and Alaska's Legislature last year approved a major increase in taxes on the oil industry — a step that has generated stunning new wealth for the state as oil prices soared.

At a time when Americans are feeling the pinch at the gasoline pump and oil companies are racking up record profits, Alaska's choice foreshadows one of the sharpest debates in the upcoming presidential election.

Democrat Barack Obama supports a national windfall-profits tax, while Republican John McCain opposes it."

http://seattletimes.com/html/localnews/2008103325_alaskatax0...
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