Begin forwarded message:
From: paul foldes <[EMAIL PROTECTED]>
Date: December 30, 2006 8:55:56 AM EST
To: [EMAIL PROTECTED]
Subject: 12 30 nyt, us buing for stratetic reserve, while selling oil
in kind produced on federal lands; propping up price of oil as
result;another tax on us taxpayer
please omit email address if posting to IP; have some clients who
would not appreciate this posting
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Dave, for IP
Today's NYT: http://www.nytimes.com/2006/12/30/washington/
30royalty.html?pagewanted=print
According to report: US Govt has been contracting with oil companies
to resell 'in-kind royalties' for oil produced on Federal lands
Rather than cut back purchases for Strategic Reserve on open market,
which props up price of oil paid by all consumers, the Interior Dept
which has done such a good job accounting for and paying Native
Americans for royalties for natural resources produced on their lands
(litigation going on now for over 10 years in Federal Court), and has
done such a good job recently contracting for the DOD , Interior
Dept put in charge of reselling oil produced on Federal Lands.
Another Bush/Cheney 'oil premium' paid by taxpayers above the premium
on global oil prices due to instability caused in Mid East by Iraq
invasion (anticipation of which started price increase on world
markets, now more than 2x ( $ 60/barrel) what price was before Bush
started rattling his sword at Iraq ( $ 23 / barrel in late 2002)
Talk about a 'double' penalty for Bush/Cheney favoritism to the oil
industry paid by the US (and world) petro consumers
paul
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