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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (351932)	9/25/2007 11:21:01 AM
From: combjelly	Read Replies (1) \| Respond to of 1576906

Umm, in the case of royalty trusts, he is correct. "Royalty trusts were created by T. Boone Pickens in 1979 in response to the difficulty that Mesa Petroleum had in replenishing its oil reserves." en.wikipedia.org

To: Tenchusatsu who wrote (351932)	9/26/2007 5:53:50 PM
From: tejek	Respond to of 1576906

Ted, > I don't want to disapppoint you, Ten, but royalty trusts are not corruption. The concept was set up by a group of Republicans a long time ago The sad thing is that you really believe Republicans created everything that is wrong with this world and the Democrats were created to stop them. LOL. The royalty trust was created by T. Boone Pickens.....and uh, he's a Republican. The one mistake I made......it is a corporation. I thought it wasn't. Royalty trusts were created by T. Boone Pickens in 1979 in response to the difficulty that Mesa Petroleum had in replenishing its oil reserves. Through royalty trusts, he was able to substantially decrease his amount of effective reserves and avoid the difficulty of replenishing them." en.wikipedia.org Comments on the royalty trust from one of his speeches: "OTHER THAN UTILIZING EXPLORATION AND ACQUISITION MEASURES TO ENSURE OPTIMUM SIZE, MANAGEMENTS SHOULD ALSO CONSIDER THE BENEFITS OF RESTRUCTURING BASED UPON THE ROYALTY TRUST CONCEPT, PIONEERED BY MESA IN 1979, WITH THE FORMATION OF MESA ROYALTY TRUST. WE HAVE ALSO ANNOUNCED OUR SECOND TRUST, THE PROPOSED MESA OFFSHORE TRUST, WHICH WILL BE CREATED BY THE END OF THE YEAR. K. THE MESA ROYALTY TRUST AND MESA OFFSHORE TRUST WERE NOT CREATED TO SOLVE A RESERVE PROBLEM—FOR WE HAVE CONSISTENTLY INCREASED RESERVES FOR 18 YEARS. L. RATHER, WE CREATED THE TRUSTS AS A MEANS OF ENSURING REALISTIC VALUE FOR THE COMPANY'S ASSETS." digital.library.okstate.edu Now you're trying your hand at "nuance." Probably watched your liberal, oh I'm sorry, "moderate" and "progressive" buddies here on this thread do the same thing. I don't understand what point you are trying to make with the above statement. I wasn't talking nuance.......I was talking fact.