On Wed. Bush signed an energy bill that would boost biofuel production and raise vehicle fuel economy standards by 40%. This should save more than 4 million barrels of oil per day by 2030. Sounds good? What's the catch? Well by agreeing to this bill the promise that (his buddies) oil companies such as Exxon Mobil, BP, and Conoco Phillips will not have their taxes increased. Once again the agenda is to help serve his interests in letting the oil companies get richer. What are your feelings about this deal?
2007-12-19
17:53:51
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6 answers
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asked by
yourmtgbanker
5
in
Politics & Government
➔ Government
Jeepers- My question states as companies SUCH AS Exxon Mobil, BP,and Conoco Phillips. This lack of tax increase helps oil companies in general. As far as why it helps him his family has been involved in the oil industry for years. The ties are strong. His campaign has received ENORMOUS donations from oil companies. Now to answer, his involvement in working in the oil industry. In 1986 he chaired Spectrum 7 which also had dealings with Enron Oil & Gas (which he does not recall) and records from the 80's have mysteriously been destoyed. Well, his Spectrum 7 company was facing financial problems (imagine that) and was later bailed out by Harken Oil. Cheney also was the CEO of Haliburton in the late 90's.
2007-12-20
14:05:32 ·
update #1
Koal- No, I was not under the influence asking this question. I suggest you research the facts before you embarrass yourself here. I understand many neoconservatives such as yourself are paranoid and delusional. Here is the source of the info:
http://www.forbes.com/businessinthebeltway/2007/12/19/congress-washington-amt-biz-beltway-cx_bw_1220amt.html
Next time do your homework before wasting my time.
2007-12-20
14:12:09 ·
update #2