Talk of The Villages Florida - View Single Post - Higher Taxes on "Big Oil"; Who Are We Really Hurting?
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Old 04-26-2011, 08:53 PM
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Originally Posted by waynet View Post
How about if they pay any taxes and maybe take away their 4 billion dollar subsidies. As it stands now their profit margins woudn't even notice. I never will understand why a company that makes billions in profits needs a gov't handout.
Maybe it has something to do with things like Shell Oil which spent 4 Billion Dollars in R&D and permit applications over 5 years to be denied authorization to drill off Alaska by the EPA because emissions might adversely affect a small Alaskan village 70 miles from the site.

http://atlanticsentinel.com/2011/04/...rilling-plans/

http://www.newsmax.com/US/Shell-oil-...4/26/id/394138