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Getting screwed over oil AGAIN? - 9/11/2008 2:51:36 AM

SilverMark

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http://www.ajc.com/news/content/news/stories/2008/09/10/oil_sex_investigation.html

By The Associated Press
Wednesday, September 10, 2008

WASHINGTON - Government officials handling billions of dollars in oil royalties engaged in illicit sex with employees of energy companies they were dealing with and received numerous gifts from them, federal investigators said Wednesday.
A really interesting article,not only the scandal but I had no idea that the government had been selling oil on the open market as payment for the rights.

"While most government royalties for drilling on federal lands are paid in cash, the government in recent years has been receiving a greater share of its oil and gas royalties in actual product. More of that oil is also being sold on the open market, versus being deposited in the Strategic Petroleum Reserve, the nation’s emergency oil stockpile. Congress earlier this year passed a law halting deposits of oil to the reserve to alleviate high gasoline prices."

Drugs, Sex and Oil...Our government at work.