February 14, 2006

U.S. Has Royalty Plan to Give Windfall to Oil Companies - New York Times

U.S. Has Royalty Plan to Give Windfall to Oil Companies - New York Times

Big, big, big bucks at stake here. Who's right will likely be decided in the Supreme Court. As usual, the Times plays this as though the Bush administration is giving the oil companies an undeserved break. The situation is too complex for the casual observer to draw that conclusion. What is clear is that this is an issue that involves years of legislation, rules, regulations and wrangling.

Blaming the Bush administration is unfair, but I'll bet $10.00 that's exactly what the Democrats will do. Watch and see.

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