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Tuesday, December 19, 2006

Surprise!

Once and a while, the Supreme Court acts supremely and surprises me:

The Supreme Court ruled against the oil and gas industry Monday in a dispute over how many years into the past the government can reach to collect money for leases on federal land...
And now it's time to cry for the poor, victimized petro companies:
BP and ARCO say unfavorable rulings in lower courts on the issue would add hundreds of millions of dollars to the royalty obligations of the oil and gas industry over the life of existing leases.
And lets just hope that the Dems are serious about cutting the corporate welfare for them, too.

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