Wednesday, September 15, 2010

U.S. Falling behind in future energy development

As reported by RIGZONE....

Companies such as the UK, Netherlands, Russia, Canada, Norway, Italy and China pay less by way of additional taxes on their repatriated income and are therefore able to compete more effectively against U.S.-based companies - in some cases enabling them to afford to bid twice as much for oil and gas concessions.

If you're not clear on why this is a problem, think about the dire warnings of having our future energy supply dependent on foreign powers made by many of the same politicians who are forcing our future energy production to foreign shores.

Now they want to make the disadvantage worse.

Go read the entire article for more.

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