Democrat backlash against US oil industry

The oil industry faces a $14bn (£7.1bn) bill over the next 10 years after the US House of Representatives agreed on measures that would strip the industry of tax breaks and force it to make larger royalty payments.

The bill marks the end of an often vitriolic campaign against "big oil" by Democrat politicians, who have threatened the industry for years but only now have the power to do anything about it after their electoral victory last year. Full Story »

Posted by Kaizar Campwala

See All Reviews »

Review

Kaizar Campwala
3.5
by Kaizar Campwala - Oct. 1, 2008

See All Reviews »

Kaizar's Rating

Overall
3.5

Good
from 1 answer
Popularity
3.5
Recommendation
3.0
How our ratings work »