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DhhD

(4,695 posts)
Fri Aug 28, 2015, 11:14 AM Aug 2015

Texans To Go To Congress Over The Fuel Export Band Running The Price Of Gasoline Up For All

http://www.texastribune.org/2015/08/27/higher-hopes-lifting-oil-export-ban/

These three Rethuglicans could care less about the best interest of mankind. Reaganomics supply side reconstruction of keeping our national resources here for our use. Wonder how much of a cut, politicians have been given to screw the consumers? Texas and other red states surrendered public control of our resources when they allowed the election of a majority of Rethuglicans to go back to Congress. Let us keep in mind the loss of control of our property over drilling for oil and gas.
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Texans To Go To Congress Over The Fuel Export Band Running The Price Of Gasoline Up For All (Original Post) DhhD Aug 2015 OP
Another attempted Wall Street Bail out GitRDun Aug 2015 #1

GitRDun

(1,846 posts)
1. Another attempted Wall Street Bail out
Fri Aug 28, 2015, 11:26 AM
Aug 2015

For years now, Wall Street and investment banks have been pumping cash into these "fantasy island" shale plays.

Everyone in the business knows these wells only work in the fairways of the play, but thanks to lots of stupid money, these trends were expanded well beyond where they could make any money.

The investment bankers jump in, fence in a big area with "productive wells" and dump them onto some greater fool customer of those very same investment banks. The government helps the scheme along by allowing the operators to virtually set their own methods for calculating reserve amounts.

What's happening in oil and gas today is the same thing that happened in real estate in 2008, except that not many have the brains or will to report the truth.

Now here are three idiots hoping to relieve the pressure by allowing exports, despite the fact we import 20% of what we use.

Sickening.

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