Menu
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Forums
Cattle Boards
NCBA, R-CALF, COOL, USDA (No Politics!)
Canadian Imports Double- All Prices Go Down
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support CattleToday:
Message
<blockquote data-quote="Oldtimer" data-source="post: 216633" data-attributes="member: 97"><p><strong>Here is one of the latest news articles- from yesterdays paper... </strong> </p><p> </p><p> </p><p>Schweitzer asks AG to investigate oil profits</p><p>By MATT GOURAS</p><p>Associated Press</p><p></p><p>HELENA -- Gov. Brian Schweitzer asked the attorney general Thursday to investigate "potential unfair practices with respect to oil and gas prices" as oil companies rake in big profits and charge higher amounts for gas at the pump.</p><p></p><p><strong>Schweitzer said he is particularly worried about the small amount being paid to Montana independent oil producers for their product, a subject of a meeting last week between Schweitzer and the governors of North Dakota and Wyoming.</strong></p><p></p><p><strong>At that meeting, the governors said oil drillers in the region were getting almost half the amount for their oil when compared to other areas.</strong></p><p></p><p>"We are absorbing the cost of significantly higher gas prices while at the same time being paid less for our oil," Schweitzer said in his letter to Attorney General Mike McGrath. "The math is simple. Someone is walking away with a windfall, while hardworking Montanans are being hit from all directions -- from lost profits to oil producers, to lost tax revenue to state and local governments, to decreases to the school trust fund, to higher prices at the pumps." <strong>Meanwhile, oil companies are paying top dollar to foreign dictators who have used profits to fuel terrorism, Schweitzer said in an interview.</strong></p><p></p><p>"When you give money to a Montana oil producer, every single bit of it goes into drilling another well," Schweitzer said. "Would you rather have Montana producers finding more oil with that money or sending it to the dictator?</p><p></p><p>"It is clear there is a rascal out there and we want to find out what rock they live under."</p><p></p><p><strong>The Montana oil industry has cited a number of factors for the reduced rate they are getting for their oil, including a dominant Canadian oil industry moving product through regional pipelines </strong>and limited refining and transportation capacity for oil coming from this area.</p><p></p><p>McGrath said he would wait for findings from a regional panel being established to discover facts in the case before he launched an investigation.</p></blockquote><p></p>
[QUOTE="Oldtimer, post: 216633, member: 97"] [b]Here is one of the latest news articles- from yesterdays paper... [/b] Schweitzer asks AG to investigate oil profits By MATT GOURAS Associated Press HELENA -- Gov. Brian Schweitzer asked the attorney general Thursday to investigate "potential unfair practices with respect to oil and gas prices" as oil companies rake in big profits and charge higher amounts for gas at the pump. [b]Schweitzer said he is particularly worried about the small amount being paid to Montana independent oil producers for their product, a subject of a meeting last week between Schweitzer and the governors of North Dakota and Wyoming.[/b] [b]At that meeting, the governors said oil drillers in the region were getting almost half the amount for their oil when compared to other areas.[/b] "We are absorbing the cost of significantly higher gas prices while at the same time being paid less for our oil," Schweitzer said in his letter to Attorney General Mike McGrath. "The math is simple. Someone is walking away with a windfall, while hardworking Montanans are being hit from all directions -- from lost profits to oil producers, to lost tax revenue to state and local governments, to decreases to the school trust fund, to higher prices at the pumps." [b]Meanwhile, oil companies are paying top dollar to foreign dictators who have used profits to fuel terrorism, Schweitzer said in an interview.[/b] "When you give money to a Montana oil producer, every single bit of it goes into drilling another well," Schweitzer said. "Would you rather have Montana producers finding more oil with that money or sending it to the dictator? "It is clear there is a rascal out there and we want to find out what rock they live under." [b]The Montana oil industry has cited a number of factors for the reduced rate they are getting for their oil, including a dominant Canadian oil industry moving product through regional pipelines [/b]and limited refining and transportation capacity for oil coming from this area. McGrath said he would wait for findings from a regional panel being established to discover facts in the case before he launched an investigation. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Cattle Boards
NCBA, R-CALF, COOL, USDA (No Politics!)
Canadian Imports Double- All Prices Go Down
Top