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Getbig Main Boards => Politics and Political Issues Board => Topic started by: SAMSON123 on April 28, 2011, 07:53:32 PM
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11 BILLION in profits and yet the US government SUBSIDIZES the petrochemical industry.
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Fed gov and local govt makes more per gallon than the oil companies do.
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Actually, a lot of those subsidies and tax breaks/credits go to smaller domestic producers.
Oh well.
I'm sure you'll be copy/pasting an article about the ethanol/wind/solar etc subsidies and how many billions/ trillions have been shoved into alt energy boondogles....
Oh well, one can dream.
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There is a single cause of the higher gas prices: NYMEX CL 06/11
Regulate the speculators out of the oil futures markets.
That's the only thing required.
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MNSBC host Cenk Uygur on record oil company profits and townhall pressure on the Republicans to agree to end oil subsidies.
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Fed gov and local govt makes more per gallon than the oil companies do.
You cant defend this you know it
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Actually, a lot of those subsidies and tax breaks/credits go to smaller domestic producers.
Oh well.
I'm sure you'll be copy/pasting an article about the ethanol/wind/solar etc subsidies and how many billions/ trillions have been shoved into alt energy boondogles....
Oh well, one can dream.
Are you on the payroll or just brainwashed?
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Exxon does not set the price. They are a legal company selling a legal product.
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MNSBC host Cenk Uygur on record oil company profits and townhall pressure on the Republicans to agree to end oil subsidies.
Oh goody!! This way Obama can give subsidies to Jeffrey Immelt and his "green" buddies. ::)
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And not a peep from the left wing clown car about the 2 billion for drilling to petrobas. Typical.
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Are you on the payroll or just brainwashed?
No, brainwashed would be agreeing with everything Cenk says, no questions asked.
Most subsidies are meant for small domestic drilling outfits. Other subsidies/credits/deductions are the same as other non-energy companies get.
Instead of listening to some clown on the ole' picture box tells you should do some of your own digging.
If you complain about oil subsidies than you have to complain about subsidies that solar/wind/ethanol/alt energy companies/products get as well.
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There is a single cause of the higher gas prices: NYMEX CL 06/11
Regulate the speculators out of the oil futures markets.
That's the only thing required.
They increased the margin requirement once so far...However, there have been 7 increases on the margin requirements for silver futures..
fucking bullshit.
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They increased the margin requirement once so far...However, there have been 7 increases on the margin requirements for silver futures..fucking bullshit.
lol, good call.
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They increased the margin requirement once so far...However, there have been 7 increases on the margin requirements for silver futures..
fucking bullshit.
LMAO! I didn't know that.
Still - that put paid to all those pesky silver speculators bidding up the price of high end cutlery.
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MASSIVE AMOUNT OF GOLD & SILVER OPTION EXERCISED!
COMEX Warehouse Stocks Apr 27, 2011
SILVER
ZERO ozs withdrawn from the dealer’s (registered) inventory
104,493 ozs withdrawn from the customer (eligible) inventory
Total dealer inventory 33.32 Mozs
Total customer inventory 68.42 Mozs
Combined Total 101.65 Mozs
GOLD
2,499 ozs deposited in the dealers (registered) category
322 ozs withdrawn from the customer (eligible) category
Total dealer inventory 1.83 Mozs
Total customer inventory 9.20 Mozs
Combined Total 11.03 Mozs
There were paltry movements of gold in and out of the warehouse but 148 kozs of gold were transferred from the dealer inventory to the customer inventory by an internal adjustment. In silver 0.1 Mozs were withdrawn from the customer inventory. There was a massive 2.4 Mozs transferred from the dealer inventory to the customer inventory by an internal adjustment. There are 26,890 contracts still open for MAY with first notice day on Friday!
There were 191 delivery notices issued in the APR gold contract. The APR gold delivery notice total for the month is 3,884 notices or 388,400 ozs.
There were 81 delivery notices issued in the APR silver contract. The APR silver delivery notice total for the month is 312 or 1.58 Mozs.
The OI in APR silver stands at 110 contracts (an INCREASE of 31) while in gold it stands at 382 contracts. The potential gold delivery for the month is 426,600 ozs or 22% of the registered inventory.
In a stunning development yesterday 18,366 MAY GOLD CALL options were EXERCISED for futures contracts and 21,721 MAY SILVER CALL options were EXERCISED for futures. If these are not settled in a backroom cash deal for large premiums a default is looming.
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The Oil markets are so manipulated by very few players. classical hedgers have turned into speculators in the oil futures markets.. :'(
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No, brainwashed would be agreeing with everything Cenk says, no questions asked.
Most subsidies are meant for small domestic drilling outfits. Other subsidies/credits/deductions are the same as other non-energy companies get.
Instead of listening to some clown on the ole' picture box tells you should do some of your own digging.
If you complain about oil subsidies than you have to complain about subsidies that solar/wind/ethanol/alt energy companies/products get as well.
I dont watch Cenk. Well i should complain about them too i guess but the thread was about oil companies so..
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Govt makes 5 times as much per gallon than do the oil companies.
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na its supply driven right? ::)
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Govt makes 5 times as much per gallon than do the oil companies.
11 BILLION *5 = 55 Billion a year to the government ???
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Yes. Go check out my "caption this pic" thread.
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Yes. Go check out my "caption this pic" thread.
Hey 3333 did you get my argument on why its NOT supply driven as is with most other commodities?
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I read it but believe its nonsense. Supply and demand is part of every economic equation in one form or another.
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I read it but believe its nonsense. Supply and demand is part of every economic equation in one form or another.
ok..you obviously dont comprehend the dynamics of the oil markets
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Yawn.
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CME Hikes Silver Margins By 17%: 4th Hike In 8 Trading Days
Submitted by Tyler Durden on 05/04/2011 17:36 -0400
Nobody could have foreseen this. Nobody. At this point there is nothing left to comment on what is a concerted action to "mitigate" any and all risk in the commodity market but could as well be classified as executive order 6102.5. While we were joking before that soon one will have to post more cash than an silver contract is worth, we are now forced to reevaluate this sarcasm.
Someone has a serious interest in suppressing silver prices..
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CME Hikes Silver Margins By 17%: 4th Hike In 8 Trading Days
Submitted by Tyler Durden on 05/04/2011 17:36 -0400
Nobody could have foreseen this. Nobody. At this point there is nothing left to comment on what is a concerted action to "mitigate" any and all risk in the commodity market but could as well be classified as executive order 6102.5. While we were joking before that soon one will have to post more cash than an silver contract is worth, we are now forced to reevaluate this sarcasm.
Someone has a serious interest in suppressing silver prices..
Yup. Spot on. Those trying to suppress the price are the ones that rely on debt, money printing, inflation, currency debasement and the like.....
I wonder who that is?