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Originally Posted by Better Than Honour
American Oil Companies take 33% of the oil out of land owned by the federal government. They got sweet deals and basically pay the government nothing in royalties. They are not like other businesses. They also get free protection from the United States military. They have infrastructure throughout the world, especially in the middle east, and the US military spends over $40 billion a year protecting it. Oil companies screw the public because they can. If they are going to screw the government out of royalties than the government should screw them back.
Alternative fuels though are the way to go. The oil industry though is doing everything it can though to pay off the auto industry and the government so this does not happen. Remember the auto industry bought the technology for the electric car battery and then the oil industry bought it from them so nobody could use it. No conspiracy there. Just reality.
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you mean like biodiesel? govt (taxpayers) subsidizes that industry, and it produces more greenhouse gases than fossil fuels. food costs going thru the roof, and third world countries are starving. fossil fuels are still the most abundant, and cheapest to produce. if the oil companies didn't think they had to get what they could while they can, maybe we wouldn't see the prices we're seeing now. futures are also driving the price right now, with no one wanting to be the one holding the bag when the bubble bursts. it's artificially inflated. sooner or later, it'll burst.