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On Apr 23, 11:17 am, "JoeSpareBedroom"
wrote:
wrote in message

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On Apr 23, 9:34 am, "JoeSpareBedroom"
wrote:





"Jim Yanik" wrote in message

.. .

"John Gilmer" wrote in
:

JY wrote;
And we need domestic oil drilling,production and refining,to power
all the current petro autos and trucks.

The free market is quite good at maintaining the flow of oil to where
its needed. When oil went to $150 a year or so ago, the free market
gave the producers a HARD slap. Now oil is trading around $50.

If the government wants to drill for domestic then it can decide to
sell its production below market prices. It's a dumb thing to do but
that's the government for you.

The gov't isn't the one doing the drilling,it's the one doing the
BLOCKING.(Congress)
Odd,because the gov't gets revenue from domestic oil production and
refining.

--
Jim Yanik

If you're referring to royalties from leased drilling areas, that's only
theoretical so far, although the current admin is trying to fix that.-
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It's not theoretical. The US govt has received billions in payments
from oil producers for the rights to drill and produce oil in areas
under govt control.
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Has the government received all the royalties it's entitled to? This is a
trick question.- Hide quoted text -

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Who the hell cares? The obvious point is the govt has received huge
amounts of money from leasing oil tracts for drilling. Plus, they
get huge amounts of other taxes, income tax being one, from oil that
is produced here. That was the point Jim was making.

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I'm not into socialism, so I'm not real thrilled about giving my tax dollars
to corporations because they were able to bribe government officials into
doing just that. You need to read more.

You will now disagree.