America Protects Oil Companies That Don't Pay Their Bills

re: America Protects Oil Companies That Don't Pay Their Bills

Phantom O Banjo — Thu, 17 May 2007 16:00:32 GMT

This is nothing new government supports companies that loose money all the time. It goes back to the beginning of congress would support a shipping company that wouldn't make a profit. Do you think they would stop sending money no or give company incentive to make a profit. They just keep sending the money thats government for you. Its a type of engine that drives things.

re: America Protects Oil Companies That Don't Pay Their Bills

Aaron_203 — Thu, 17 May 2007 15:01:40 GMT

This is absolutely the type of thing that drives me crazy. I try to not get into politics but it seems like everywhere I turn the gov't is trying to get into my business.

It just absolutely sucks that money talks so much!

I hope that we are getting to the day were not only will the pharmaceutical industry's power fall but where we actually have a gov't and politicians without a bunch of personal agenda's.

re: America Protects Oil Companies That Don't Pay Their Bills

Russ Bianchi — Thu, 17 May 2007 14:05:13 GMT

Supply has NEVER been an issue on oil, domestically, or from foreign sources; it's the refinery capacity that has been allowed to be artificially kept low to create a bottle neck & then shortages of particular fuel mixes in demand, as is the case with gasoline supplies for the summer driving season, so the retail price at the pump remains up & oil company windfall profits remain at all time record highs globally.

As another example of huge fuel reserve supply not being developed at present is shale oil. Shale has proven reserves exceeding known Saudi supplies, & all shale is in the domestic Rocky Mountains, not near any urban impact or harming wildlife, with the means through technology already (VERY EFFICIENT & virtually pollution free) in existence, through a patent called The Smith Process, to deliver Sweet Light Crude for about $9.00 per barrel to west Texas.

Instead the US Bureau Of Land Management is beginning to squander this shale resource by allowing Shell Oil Company (Dutch) to screw up eastern tracks of Colorado, through a highly inefficient, $48 dollar per barrel, low yield & EXTREMELY polluting retort bake, shake & chemical enzyme process, that could totally destroy the Rocky Mountain water aquifers system forever. The process is so polluting as to make the Tar Sands recovery process in Alberta Canada look clean by comparison.

When BLM tried to lease higher grade shale tracts in eastern Utah out, the many bids that came in sited The Smith Process; yet NONE were associated with the ownership of those patents. Curiously, no bids where awarded after this FACT was outed by the owners of the US Patent.

But it gets worse, now the high-grade Utah shale tracks are being manipulated for conversion by one private exploratory company formed with insider oil types & politicians in yet another TEAPOT DOME insider STEALING of public assets.