27 Aug '12, 4pm

Mitt Romney’s Energy Plan: By Big Oil, For Big Oil

Mitt Romney’s Energy Plan: By Big Oil, For Big Oil

Love how Mitt hands the buck to the Canadians, Time for a history lesson. It took a lot of Canadian tax payer money to get big oil working on the tar sands… $40 billion plus. One of the most amazing things to happen in Canada in the last 50 years is the huge investment by the Canadian tax payer in the Tar Sands. With direct investment thru joint ventures, R&D grants and the previously state owned Petro Canada, the Canadian Governments ( Both provincial and Federal) has created the tars sands extraction technology that works at a reasonable cost. As long as the price of oil is above $80 a barrel, these governments are now seeing real return on what was one of the largest and riskiest industrialization effort in its history. Private enterprise is now in the drivers seat and the royalties they are producing now more than offset that huge investment. The American consumer is a...

Full article: http://gas2.org/2012/08/27/mitt-romneys-energy-plan-by-bi...

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