freefall51

Houston to Obama: Smell the Oil

RIG is doing most of their business in foreign parts of the world, where they pay a chunk of their taxes. They still pay $ 700+ M taxes per year in the US. It could be more if the leading political minds in the US were not dumb enough to keep this fabulous company out of their country.

In the meantime I hope for the sake of my retirement account, that if the windfall tax materializes, RIG will move their headquarters from Houston to the tax heavens of the Caymans in a heartbeat, where they already have an office.

Sometimes it is better to be happy with what you got and not getting greedy. That freaking little former city organizer that promotes the wind fall tax on oil companies must be out of his mind.