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soleiloilman, unfortunately the ignorance that prevails about how oil is discovered and brought to market will persist. The capital intinsevness, required technology and highly skilled and trained workforce required is secondary as public knowledge compared to politicians and media rants of mis information.
Price drives the drill bit, always has, always will regardless of BIG OIL OPEC conspiracies. I just got back from W TX NM, grew up in the industry, dont know everything but am old enough to have seen boom and bust cycles several times.What is different this time is that with China, India and other emerging economies, o...more
Markets go up, markets go down, they do neither indefinitely. Already up too far for me, a small retail investor, to chase it. i sold everything in August 08 on a hunch, not any particular investment savvy, then started buying only small Bakken operators after that. Whiting, Range Resources, Brigham, etc and sold at th...more
People who believe the Mitt Romneys and other conservatives have some lock on using the tax codes to enhance wealth should look at Obama supporters-Buffet, Gates, Zuckerberg, Imhelt, Lew, Green entreprnuers,. I can find as many in the presidents inner circle as elsewhere. Oh yea, Feinstein, Waters, Pelosi, Reid etc etc...more
Just before the release of an Inspectors General report detailing IRS harassment and data mining from conservative political organizations, the IRS issued an apology. Curious timing. The fact is that this is just one more incident of abuse of power by the government. While not the first administration to engage in such...more
Maybe a study outlining the number of jobs lost due to excessive regulation is in order. Then we can add jobs lost and not created due to Obamacare. Those numbers should be hair raising, or pulling.