I don't understand this. Is there anyone pro-Big Oil that can explain this with?

1. Republican's want to give FREE drilling permits to Big Oil.
2. By doing this the majority of Republican's are letting them take the oil out of the ground at no cost to local governments or states. Meaning that whatever they find, we get nothing for it.
3. And instead of using what is found within the US - including off-shore drilling - they are then permitted to put it on the world market. To the affect that this lets Wall Street run the price per barrel sky high through speculators and the commodity market. Again, we make nothing on that.
4. From this they sell, WHAT THEY TOOK FREE out of our ground back to us at inflated prices.

FINALLY, the politicians want to continue giving them subsidies for doing all this. Big Oil then have the audacity to state that if we cease to do so prices at the pump will continue to increase. They go onto to say that any future research and development will come to a stand still. So let me get this straight, you get it for free, sell it for bank, make a killing at the pump off of hard-working citizens and every quarter you release numbers that forecast profits in the Billions of dollars? Now there is the threat that if this tax breaks/government subsidies cease the price at the pump will go higher and further exploration will stop of slow considerably. Am I getting this straight with all that was written? So technically the good hard-working citizens are paying for any/all research and development along with ongoing exploration with the continent? To which Big Oil makes serious money and shares none.

BP who's drilling platform caused severe damage to the Gulf of Mexico in 2010, posted quarterly profits of $5.481bn, down just 2% from the same quarter last year.

So tight, you got to love politics.

From the people and not for the people.

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