“House Speaker Nancy Pelosi (D-Calif.) on Thursday said that oil companies should be forced to use drilling permits or lose them
Raúl Grijalva (D-Ariz.) told The Climate 202 yesterday that he strongly supports this approach, adding that leadership wants to invite the chief executives of oil companies to testify before his panel about their unused drilling permits. “Big Oil and Big Gas need to be held accountable.”
The Big Oil Windfall Profits Tax Act would slap a 50 percent tax on profits that oil companies earn above a $66-per-barrel price — the average price from 2015 through 2019 — and send half of that revenue to taxpayers.:
so: take away issued drilling permits, haul oil CEOs before Congress and grill the evil bastards, legislate new taxes on oil ... yep, folks, typical Democrat Bizzaro World “solutions” for real world problems ...
The top 2 oil refiners - Marathon and Valero - don’t produce oil, they buy it to convert into fuel. And the country’s largest refinery - in Texas - owned by the Saudis.
Raul Grijalva is a Marxist who has never found a viable solution to any problem. Sad, but Arizona Chicanos are not an intellectual match for their Texas cousins.