why ?
I mean how goverment gets benefited of this when a private company makes most of the money ?
how does the entire process work
Since the government has effectively banned drilling of known reserves on the American coast I’d say the government does not support producing oil wells or oil for that matter. How does the government benefit form oil companies when the company makes most of the money, it is called taxes.
January 2nd, 2010 at 12:58 am
In this country they do all they can to keep it from happening ! We have to many liberal tree hugger ! we haven’t built an oil refinery in this nation in 30 years ! They have made it impossible to drill most sites as well they have just regulated the industry to a stand still !
References :
January 2nd, 2010 at 1:30 am
Since the government has effectively banned drilling of known reserves on the American coast I’d say the government does not support producing oil wells or oil for that matter. How does the government benefit form oil companies when the company makes most of the money, it is called taxes.
References :