They are investing in exploration and production. It is hard to say how much they would be doing without the tax credits, but I see no reason to take away the tax credits when we need the oil industry's help to get away from foreign oil dependence.
On Tue, Oct 28, 2008 at 8:05 PM, Maureen wrote: > Wrong. I've been bitching about government hand outs to oil companies > for years. > > Not a single oil company expanded exploration and drilling after the > tax credits. They did, however, greatly expand their wallets to hold > the profits. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:277170 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
