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Black Tuesday

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Tag: Royalties

U.S. Plans $7-Billion Royalty Windfall to Oil Companies

On the heels of Exxon Mobil’s record-setting $10-billion quarterly profit, the “federal government is on the verge of one of the biggest giveaways of oil and gas in American history, worth an estimated $7 billion over five years.”
It’s nice being an oil baron when two oilmen head the government.

Posted on Feb 18, 2006 READ MORE


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