A piece by my favorite Pulitzer prize-winning political cartoonist, Mike Ramirez:Ayup.
Now, read this. Excerpt:
Members of Congress complain loudly about high oil profits ($40.6 billion for Exxon Mobil last year) but frustrate those companies' desire to use those profits to explore and produce in the United States. Getting access to oil elsewhere is increasingly difficult. Governments own three-quarters or more of proven reserves. Perversely, higher prices discourage other countries from approving new projects. Flush with oil revenue, countries have less need to expand production. Undersupply and high prices then feed on each other.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.