What are you willing to do to stop Congress permitting the largest energy companies, such as Exxon and BP, from purchasing excessive numbers of oil-drilling leases from the federal Department of the Interior's Bureau of Land Management in areas designated for oil extraction? The oil giants then allow the leases to remain dormant for the entire length of the contracts. Why? Because these drilling leases are bought specifically to prevent medium-to-small drillers from competitively extracting the oil, thereby shrinking the oil supply, especially domestically.
Controlling the leases but letting them sit idle gives the oil giants even greater monopolistic control of the supply of oil, guaranteeing maximum profits while eliminating thousands of American jobs. Congress and the Bureau of Land Management are perpetuating America dependence on, and further enriching, foreign countries, as well as protecting big oil's own considerable investments in drilling sites abroad.
To top off this perfectly loathsome economic policy, these same big-oil giants receive huge annual taxpayer subsidies in the billions of dollars, even though they enjoy obscene profits but pay less than 5 percent in taxes - and, more often than not, no taxes at all!