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To: MeanWestTexan

With what the Government takes in taxes on oil, etc. I am saying that maybe it is time to help out the producers that have the oil leases. The oil industry as you know has been through some very rough times and couldn't afford to drill a lot of new wells not to mention pumping limits that were in place under Clinton. Maybe this would lead to more exploration and wells.




37 posted on 02/14/2006 6:25:53 PM PST by PhiKapMom (Throw out OK's Governor DoLittle in 2006! Allen in 2008!)
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To: PhiKapMom

Well, most of the taxes go to the state where the land is, as opposed to the federal gov. (Yes, there is fed income tax.)

Severance, property, etc. taxes are state or local gov. taxes.


43 posted on 02/15/2006 5:44:06 AM PST by MeanWestTexan (Many at FR would respond to Christ "Darn right, I'll cast the first stone!")
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