To: Mears
Releasing the high priced reserves and replacing them with low priced reserves is not bad for the tax payer, it is terrible for the oil companies.
32 posted on
10/20/2014 10:50:50 AM PDT by
Eva
To: Eva
Releasing the high priced reserves and replacing them with low priced reserves is not bad for the tax payer, it is terrible for the oil companies. ???
If they sell oil they bought at $100 at $80, then buy oil to replace it at $80, what did that do?
34 posted on
10/20/2014 10:53:50 AM PDT by
thackney
(life is fragile, handle with prayer.)
To: Eva
Sorry, but that’s not how it works. Oil, like stock, is worth what it is sold for today - not what it was bought for last week.
83 posted on
10/20/2014 11:55:47 AM PDT by
clee1
(We use 43 muscles to frown, 17 to smile, and 2 to pull a trigger. I'm lazy and I'm tired of smiling.)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson