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To: mountainlion
Now the robber barons are in the government and taking over the high profit industries.

You have it backwards. "Industry" LOVES a guaranteed bigger return without having to invest. That's why their owners on Wall Street gave Zero so much money.

14 posted on 04/10/2012 7:10:47 AM PDT by Carry_Okie (The RINOcrat Party is still in charge. There has never been a conservative American government.)
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To: Carry_Okie
"Industry" LOVES a guaranteed bigger return without having to invest.

If an oil company is not replacing their reserves, they are going out of business. For every barrel sold, a new barrel must be added either through acquisitions of someone else's reserves, or spending the dollars on exploration and building new production facilities. And as the dollar weakens, they spend more dollars on those replacement barrels.

17 posted on 04/10/2012 7:34:25 AM PDT by thackney (life is fragile, handle with prayer)
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To: Carry_Okie
You have it backwards.

How do you figure that? The Robber Barons were active in the late 1800s and early 1900s putting competing railroads and oil companies out of business. It was the only time the unions were useful getting reasonable working conditions and wages. The banking robber barons took over the banking industry and caused the depression to make a fortune. This was all before Obama the late comer.

20 posted on 04/10/2012 8:00:04 AM PDT by mountainlion (I am voting for Sarah after getting screwed again by the DC Thugs.)
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To: Carry_Okie
"Industry" LOVES a guaranteed bigger return without having to invest.

So, is that why the oil companies are shelling out $10 million or more per well in the Three Forks and Bakken from lease to production?

47 posted on 04/11/2012 12:13:51 AM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing)
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