13 May '11, 2pm

$3.94 A Gallon -- Where Is All the Money Going? #oil #gas

$3.94 A Gallon -- Where Is All the Money Going? #oil #gas

As gas prices climb, do you think at all about where the money goes? There's some talk in Washington right now about what's driving prices up, and there's little doubt that much of it is going straight to company executives —but there's a nice chunk of change that's wholly unaccounted for. Oxfam is trying to bring that lack of transparency to people's attention: Imagine if a company paid the government to mine for gold or drill for oil in your backyard--but didn't ask for your permission, pay you, or give you important information about the project. Right now, oil, gas, and mining companies are doing this all around the world, often in the poorest countries. Watch this less-than-two-minute video for a quick explainer: The message at the end is simple: "One dollar. That can't be right. Billions of dollars come out of the ground each year, yet our schools, our children, our ...

Full article: http://www.treehugger.com/files/2011/05/394-a-gallon-wher...

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