Quote:
Originally Posted by detbuch
How does this answer Coolbeans question "why can't we invest in our own resources?" and/or let the oil cos. do so (without burdening the U.S. taxpayer)--Anwar and offshore, etc.? If jobs are so important, wouldn't that also create many many jobs and help to keep oil prices from spiking up?
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We do. The government gives large tax breaks for companies to invest in drilling and mitigates the risk of dry wells through write offs. This investment by the taxpayer leads to more oil and more jobs in the supply chain.
The question I think you're after is why doesn't the government allow more drilling in prohibited areas. This is a different question.
-spence
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