Tag: state oil

But I thought John McCain said raising taxes on oil companies would cause them to reduce output and do more harm than good? Apparently not: The increase backed by the Republican vice presidential nominee will, at current prices, raise oil revenue to $11 billion this year — almost twice what the state needs to fund […]

The latest in the wave of anti-globalization and anti-Americanism in South America is taking the form of striking oil workers in Ecuador: QUITO, Ecuador (Reuters) – Petroecuador said on Wednesday it expects production will climb to near normal levels in three or four days after troops fired tear gas to clear out strikers who have […]