More Tax Breaks for Oil Companies

April 29, 2007 | Category: General

by Payam

Followup: Exxon’s and Chevron’s record profits certainly do support this notion that they are struggling companies that need government subsidies.

The US Interior Department is allowing Chevron to forgo royalties it owes the public for extracting oil and natural gas from public territories. As already cited on Digg, Chevron (or any oil company) needs no help, yet our tax dollars are being wasted, again.