The Mudcat Café TM
Thread #113258   Message #2407013
Posted By: GUEST,Jack the Sailor
06-Aug-08 - 05:44 PM
Thread Name: BS: Have you seen Obama's energy speech!
Subject: RE: BS: Have you seen Obama's energy speech!
basically..

The oil companies buy the oil, refine it, then sell it to distributors who sell it to us. Various governments tax these transactions.

Less oil being sold will mean less revenue for government.