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To: stockstrader
Right now our govt is stifling supply with its regulation, restrictions, mandates and intrusion on oil company efforts to increase supply. We need to NOT penalize or punish our oil companies--and let them find and provide more supply.

I suffered through the rank stupidity and ignorance at the oil company exec hearings last year. There was no way the execs could talk sense into some of the utter fools on that committee. Lee Raymond did say several times that the industry didn't need incentives to drill or lower taxes or anything else but ACCESS to potential sources of energy. But why allow drilling when the enviro wackos and the anti-capitalists have oil companies to blame for their stonewalling?

169 posted on 04/27/2006 1:17:40 PM PDT by You Dirty Rats (I Love Free Republic!!!)
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To: You Dirty Rats
I suffered through the rank stupidity and ignorance at the oil company exec hearings last year. There was no way the execs could talk sense into some of the utter fools on that committee. Lee Raymond did say several times that the industry didn't need incentives to drill or lower taxes or anything else but ACCESS to potential sources of energy. But why allow drilling when the enviro wackos and the anti-capitalists have oil companies to blame for their stonewalling?

He also said that tax incentives or subsidies had no effect on Exxon and most of their production and profit was not from the USA. He also implied that if Exxon was not welcome in the US they could move rather than be a hindrance to congress.

184 posted on 04/27/2006 6:24:00 PM PDT by jec41 (Screaming Eagle)
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