So if you tax RIG you are actually taxing oil companies. Every single penny of RIG's revenue comes from oil companies. How about this...let's provide tax incentives for start-ups to build new rigs so it will drive down the day rate and oil will suddenly be cheaper to drill for and, as a result, more plentiful. It's called a long term energy policy and it's what both democrats and republicans have been ignoring for way too long.
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So if you tax RIG you are actually taxing oil companies. Every single penny of RIG's revenue comes from oil companies. How about this...let's provide tax incentives for start-ups to build new rigs so it will drive down the day rate and oil will suddenly be cheaper to drill for and, as a result, more plentiful. It's called a long term energy policy and it's what both democrats and republicans have been ignoring for way too long.
Aug 07 10:34 am
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All Comments by bmesco1 »Houston to Obama: Smell the Oil [View article]