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Unfair and Unbalanced
Join Date: Jul 2004
Location: From the misty mountains to the bayou country
Posts: 9,711
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From your site:
"The state funnels most of the profits from oil prices above $30 a barrel through export and extraction taxes into its Stabilization Fund. Russian oil companies pay 24% income tax and then production taxes based on the market price of oil. As a result the companies are left with about 10% of their upstream profits. Still, both Lukoil and Rosneft are better off than some since they refine 40% of their output."
That 10% number sounds familiar. Plus, Comrade Maxine is telling them she would nationalize, given the chance.
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"SARAH'S INSIDE Obama's head!!!! He doesn't know whether to defacate or wind his watch!!!!" ~ Dennis Miller!
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