Cutback in Oil Subsidies

Discussion in 'Economics' started by blast19, Jan 18, 2007.

  1. blast19


    This is definitely not well thought out:

    Young, who had on a bright red shirt, made reference to it when he said, "It's the color of this bill we're debating -- Communist red." The legislation "amounts to a taking of private property" by forcing oil companies to renegotiate leases they view as valid contracts, he said.