Silicon Investor (SI) -- The First Internet Community

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.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: buckbldr who wrote (118392)	3/2/2009 2:47:38 PM
From: energyplay	2 Recommendations Respond to of 206188

I really can't believe anyone wants to shut in marginal wells. I expect this iniital proposal was written up as a first draft by junior people, mostly as a starting point for negotiaitons. I expect the depletion allowance will be cut or eliminated, at least for conventional wells. I would expect another likely changes would be eliminating the expensing of intangible drilling cost. That may need to be depreciated over the life of the well, or a fixed period, say five years. The biggest danger is the lack of knownledge by the writters. I expect the Democrats from the energy states will provide some education.

To: buckbldr who wrote (118392)	3/2/2009 8:45:39 PM
From: Archie Meeties	4 Recommendations Read Replies (3) \| Respond to of 206188

"Of course, such destructive activities are clearly a threat to our domestic energy industry's effort to regain some independence from foreign influences, and function to the detriment of all of our efforts to generate gains for our personal benefit." We've had these subsidies in place for 8 years and our reliance on foreigh energy supplies as well as our consumption has gone nowhere but up. The "foreign dependency" arguement doesn't pass the sniff test.