Comments

nora's picture
nora 33 weeks 6 days ago
#1

Of course they do.

The meme of oil "depletion" was necessary to force the government to give the Oil Industrialist their DEPLETION ALLOWANCE indefinitely.

Indeed, the biggest problem the Oil Industrialists ever had was price fixing at a level of profit they desired.

Early on there was so much oil development, the price crashed. That's when the Big Boys squeezed out the smaller producers and consolidated and monopolized so they could set the profiteering value they desired. In order to prevent new players from entering the industry -- for example, that's when Prescott Bush sent George H.W. Bush into Texas to buy up resource/drilling rights to the land of unsuspecting property owners all over Texas; this is a step necessary for the BIG BOYS to corner the market.

Add comment

Login or register to post comments

Currently Chatting

Community Archive

Can Democrats Set Out a New Path?

Democrats must embrace a pro-government platform, not run away from it.

Those were the sentiments of Senator Chuck Schumer today, in a speech given at the National Press Club. Talking about the reasons for Democrats’ losses on Election Day, Schumer said that those losses were proof that the American people and middle-class want a government that will work more effectively for them.