Reason #278 for doubting the veracity of anything that comes out of the mouths of the current U.S. administration talking heads and it's titular leader, Bush junior:
The federal government is on the verge of one of the biggest giveaways of oil and gas in American history, worth an estimated $7 billion over five years...
Moreover, the projected largess could be just the start. Last week, Kerr-McGee Exploration and Development, a major industry player, began a brash but utterly serious court challenge that could, if it succeeds, cost the government another $28 billion in royalties over the next five years...
Administration officials say the issue is out of their hands, adding that they opposed provisions in last year's energy bill that added new royalty relief for deep drilling in shallow waters...
But the Bush administration...strongly supported the overall energy bill, and merely noted its opposition to additional royalty relief in its official statement on the bill.
By contrast, the White House bluntly promised to veto the Senate's $60 billion tax cut bill because it contained a one-year tax of $5 billion on profits of major oil companies...
If that view prevails, the government said it would lose a total of nearly $35 billion in royalties to taxpayers by 2011 — about the same amount that Mr. Bush is proposing to cut from Medicare, Medicaid and child support enforcement programs over the same period.
[from the 2/14/06 NY Times: http://www.nytimes.com/2006/02/14/business/14oil.html?ei=5094&en=2895b151845e0dd6&hp=&ex=1139979600&partner=homepage&pagewanted=print]
What can you do? Contact your local and state representatives (http://www.visi.com/juan/congress/), write letters to the editor of your local newspapers, and just discuss this issue with those around you - get the word out!
Peace,
Dana
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