BuzzFlash
Corruption within the Department of Interior may have allowed oil companies to improperly save billions at the expense of the taxpayers. The Department’s Inspector General has already made at least two criminal referals to the FBI and the Justice Department, and Congressional Democrats have launched several investigations and introduced new legislation to fix the problem.
In a nutshell, oil companies leasing federal land to drill for oil are required to pay the government royalties based on a percentage of their sales. But under the Royalty-in-Kind program, the companies can pay in the form of oil and gas instead of cash. The problem is that oil prices have increased more than the value of the oil and gas royalty revenues being recieved, meaning that the oil companies are managing to withhold a growing amount of their profits from Uncle Sam.
(Original Article)
After all the crime Bush had done, why is it still so hard to impeach him? Why there is no punishment on him by law? Bush scandal is supposed to be bigger than the Clinton scandal yet the world at large still don’t know that high oil price is a conspiracy involving Bush and oil companies. Even some American are still ignorant.
http://www.bartcop.com/ has been saying for awhile now King George II has been making a buttload of $$$$ from unmetered oil pipelines in Iraq. It one scandal after another… Someone give King George II a BJ so we can IMPEACH him!