[arbitrary.squid]

Not looking good for Alaska, either.

Our new governor just released a statement that due to tax breaks and incentives given by the last administration (Parnel/Palin), the state of Alaska will earn approx -400 million dollars this year and have a bigger loss next year.

[montag813]

The 1987 stock market crash was preceded by a 50% plunge in oil prices. Just a thought.

[DesertRhino]

Something I don’t really have a good explanation for (besides the obvious bribery)
How do the Saudis and their OPEC get away with openly saying they are a Cartel and price fixing?

Google price fixing and you’ll find numerous entries where charges and fines were levied against Toyota, Motorola, Nokia, etc eta. Can anyone imagine if all the computer manufacturers formed a cartel and fixed prices?

How do the sand monkeys get away with this?

[mountainlion]

The feral government gets a large percentage of its income form taxes on energy. When gas was $4.oo a gallon EXON got $5B in profit but paid $35B in taxes. The government will suffer but travelers and truckers will profit.

[bgill]

Texas has already laid off many oil field workers.