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Old 06.26.2008, 09:46 AM   #6
mangajunky
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Join Date: Apr 2007
Location: Englewood, NJ
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Quote:
Originally Posted by girlgun
to back that up... the oil companies aren't taxed worth a shit right now. with a democrat in office, the oil companies will be heavily taxed and just who do you think is going to pay for that?

Our biggest problem right now is that the oil companies who set the prices are allowed to speculate on oil futures. So if they raise the price of oil, they make money on speculation. The law that allows them to do this was written by Enron Lobbyists and Republican senator Phil Gramm and signed into law by Bill Clinton.

http://en.wikipedia.org/wiki/Enron_loophole
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