Stockman Scott's Political Debate Porch Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Stockman Scott's Political Debate Porch

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Cautious_Optimist who wrote (87998)	5/4/2012 11:34:45 PM
From: Hawkmoon	Read Replies (1) of 89467

The retail prices are hardly driven down because of government subsidies. What gov't subsidies? Are they more than the alternative energy companies like Solyndra have received? I'm all for withdrawing any undeserved subsidies. But from what I've seen, thus far, a lot of accusations about subsidies in the oil industry don't seem to match the reality. But maybe you mean like when the Clinton administration basically gave away the Elk Hills Oil Reserve to OXY (who Gore's Senatorial father used to work for, leaving hundreds of thousands of shares upon his death).. They are pumping oil at a cost of $1.50/bbl out of that reserve now. That's nearly a $97 dollar profit on each bbl. rumormillnews.com Read more: time.com time.com And Bart Chilton of the CFTC is pushing to limit speculation it the oil markets that that prices more appropriately reflect global supply and demand. money.cnn.com abcnews.go.com All Obama has to do is support Bart Chilton's efforts. Or at the very least, threaten to release some oil from the SPR to break the back of the oil speculators. Hawk

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next