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See article for rationale and conclusions.

Note that oil companies invest $Billions for decades before hoping to reap a reward. Any "windfall" is due to risks they took a long time ago in the hopes of a favorable economic environment in the future.

1 posted on 03/12/2012 4:06:35 PM PDT by esarlls3
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To: esarlls3

Very good post, from a broke ex-oilman.


2 posted on 03/12/2012 4:14:09 PM PDT by Big Horn (Rebuild the GOP to a conservative party)
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To: esarlls3

Another Plunge in 3-Month Rolling Average of Petroleum and Gasoline Usage

http://finance.townhall.com/columnists/mikeshedlock/2012/03/11/another_plunge_in_3month_rolling_average_of_petroleum_and_gasoline_usage


3 posted on 03/12/2012 4:14:09 PM PDT by donna (Republicans won't change their ways until conservatives draw the line.)
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To: esarlls3
If oil companies can be taken over in Venezuela, it can happen here too.

If auto and health insurance companies can be taken over here, it can happen to oil companies too.

What a sad state of affairs...

4 posted on 03/12/2012 4:14:39 PM PDT by C210N
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To: esarlls3

Let’s hope that insufferable bore Bill OReilly reads this, the sooner the better.


6 posted on 03/12/2012 4:54:37 PM PDT by ChinaGotTheGoodsOnClinton (Go Egypt on 0bama)
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