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Oil, produced off the American coast, is sold on the international market at the prevailing rate for that quality of crude oil. Its buyer may be anyone.
Considering that the Islamic Republic of Iran has no oil refining capability of its own... American Gulf of Mexico oil, once refined, may in fact be going to Iranian gas tanks, since oil in fungible.
That then begs the question. How indeed, does Drill Baby Drill benefit America?
The only direct benefits are those Americans employed directly and indirectly by the drilling and production activities. Additionally, the US Treasury receives royalties for oil extracted leases issued. The American owned oil companies drilling offshore pay little or no federal taxes. This past year, Exxon got a refund.
The Deepwater Horizon that was built in 2001 in South Korea by Hyundai Heavy Industries, she was commissioned by R&B Falcon (which later became part of TransOcean), registered in Majuro, Marshall Islands, and leased to BP plc until 2013. ...is owned by TransOcean.
TransOcean employs over 25,000 people worldwide, and has a fleet of 139 offshore drilling units and three ultra-deepwater units under construction as of April 2010. The company is based in Vernier, Switzerland, near Geneva, and it has offices in 20 countries, including major offices in Switzerland, United States, Norway, Scotland, Brazil, Indonesia and Malaysia. TransOcean positions itself as a powerful company doing the impossible based on its motto, "We're never out of our depth". The firm's website is, "deepwater.com" to emphasize its deepwater expertise, and that it owns nearly half of the 50 or so deepwater platforms in the world. It pays no US taxes.
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Can you give an example of a sentence usind the word reap?
At the end of the harvest season, the farmers were able to reap the benefits of their hard work by bringing in a bountiful crop.
What does reap the benefits mean?
It means what you gain after your hard labor put in.
How much exercise do health professionals say is necessary in order to reap the benefits of exercise?
your fat
Does the DoD reap any benefits from military and civilian use of social media?
DoD reaps no benefits from military and civilian use of social media.
How do i make a career in catering?
1.cook good food 2. sell it 3. reap the benefits
What benefits might a company of actors and playwrights reap by presenting their king a favorable light?
nnnnn
What are the benefits of ductless air conditioning?
One of the best benefits of ductless airconditioning is the lack of ductwork running through your house. Another benefit is that due to the ductwork not needing to be cleaned, allergy sufferers will reap benefits!
When do you reap tomatoes?
You can reap the fruits either green or red. Once they get sufficiently big, they can be picked green and ripened off the vine in a dark cool location or make fried green tomatoes, or they can be allowed to turn red and ripen on the vine. The best flavor will be realized when allowed to ripen on the vine.
Are all websites free?
No. There are many websites out there which require users to pay subscription fees in order to reap the benefits of membership.
What is co-operative organization?
are organization composed of individuals or small businesses that have banded together to reap the benefits of belonging to a larger organization
What is the earliest and easiest way to reap retirement benefits?
Some of the best ways to maximize your early retirement benefits is to invest. You should be investing a little bit of money with each paycheck of what you make every week.
What are three sentences for the word reap?
"You reap what you sow" is an old idiom.He dreamed of when he would reap treasures. Poor, downtrodden, he knew he could never reap from his hard toils.
