They're incentives. Incentives for what, who can say, but if you had meant them for exploration and investment, you should have made that clear years ago:
WASHINGTON - With gasoline topping $3 a gallon, the Senate Energy Committee chairman's patience with oil companies has finally worn thin.
Sen. Pete Domenici, upset that oil companies are spending big profits on big payments for executives instead of exploration and investment, says he will back repealing $2 billion in tax incentives for the industry, authorizing tougher fuel economy standards and expanding federal authority to investigate price gouging.
"We're not going to let them get away with any kind of illegal activity," the Albuquerque Republican said.
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