Exxon, Chevron, Total are reporting record profits.....once again. Keep it in mind next time you go to a gas station.
McCain, just like Bush, advocates off shore drilling, in our current context it seems to resonate with US voters. McCain forget to mention that this type of new exploration wouldn't increase oil production for a while and would have almost no impact on oil prices.
On the other hand, it seems that taxing oil companies and getting rid of their tax rebates is what should be done.
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