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Exxon is an American corporation competing with government owned and subsidized oil entities from other countries (Saudi Arabia, Russia, Venezuela, etc., etc.). If we more heavily tax them and our other BO companies it will put them at an even greater disadvantage to these competitors and, eventually, put them out of the oil business. Then we will be totally dependent on those other countries for our oil. Not a good outcome.
Aug 03 12:20 pm
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All Comments by henarl »Exxon's Record Taxes, Capital and Exploration Spending in Perspective [View article]