Reply #133: Corporations are taking oil from Americans too. [View All]

[howaboutme]

According to a discussion on CSPAN and a GAO report, Bill Clinton's administration failed to implement oil royalties on Gulf of Mexico deep water drilling leases that would trigger increases based upon oil price, and that cost US taxpayers billions. Our oil went to corporations and then sold to China instead of royalties going into our treasury. It doesn't make any difference of Party the corporations are the shadow government.

http://www.politico.com/news/stories/0508/10633.html

The Government Accountability Office report — reviewed by Politico — suggests that the foregone royalties could reach $53 billion, depending on the outcome of industry lawsuits and what critics contend was a lapse in administration under President Bill Clinton.

Comment from this youtube by "patsfreak" worth repeating - http://www.youtube.com/watch?v=acLW1vFO-2Q I love how we went from a republican president and congress to a democratic president and congress AND IT'S BUSINESS AS USUAL! Everyone seems to think voting for the other party will fix the problem. The only cure is to vote people in who aren't in the "big club".