Quotation of the day on what happens when oil companies get richer…

AEIdeas » Quotation of the day on what happens when oil companies get richer…:

Quotation of the day on what happens when oil companies get richer…… is from Karr Ingham, economist for the Texas Alliance of Energy Producers, from a recent presentation in Houston where he predicted that crude oil production in Texas will surpass its 1972 all-time high within two years:

When oil companies get richer, they don’t pocket their money. They invest in future projects. They drill. They pay people. That’s how economic growth is generated.

MP: Damn those evil, greedy oil companies…. they make money, and they invest, they drill, they pay workers, etc……