Tuesday, January 4, 2011

Gulf Deepwater Drilling Resumes Without Changes To Spill Liability


Do you remember Obama's campaign promise to impose 'Windfall Profits Taxes on the Oil & Gas Industry"?

No sooner had the 2008 election been over than Obama immediatel­y reneged on it, saying, "The prices have now dropped - We'll see about doing that if or when they rise again."

Oil hit over $80/barrel (the amount that, had Obama kept his promise, the windfall profits tax would have been triggered) within months of Obama getting into the Oval Office.
Read the Article at HuffingtonPost

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