hwood007

Oil Supermajors' Resources Might Be Drying Up

If a person uses Google to look for unused oil reserves within US locations, you can find lots of good places to look. It is the problem of windmills, no one wants them in their backyard, or other energy producers. If we do not use what ever energy we have, (wind, N gas, oil, and etc) then we have to pay others for theirs. I think our last nuclear energy plant may be older most of us. I think the few are ruling the many in this subject.

Energy Stocks Are Too Cheap to Ignore - Barron's

To me the Drill,Drill, Drill, should be replaced with Drill, Develop, and Discover, if we want to be energy independent.

DRILL anyplace known to contain oil or natural gas; my back yard, White House back yard, your back yard, or the back yard of the Kennedy compound.

DISCOVER new areas for gas and oil and drill where there is thought to be the most. In years to come, new processes will allow drilling in what are now difficult places.

DEVELOP new forms of energy such as wind, geothermal, and solar. Large wind mills in the ocean off the east coast (out of sight of land) are now possible, but people say not on my coast. The coast belongs to all of us; it is the coast of our country. Exxon is working on a prduct that is going to advance electric cars.

I pay what is called a windfall tax now. it reduces my income every year and you want companies to pay shuch a tax? Do you want all companies to pay or just target the ones you like less?

I pay taxes on dividends from stocks and each company paid tax on the same dividend so that is double taxes on the same dollar. Having lived in Europe twice, I can tell you that you want to avoid their methods of taxes and benefits. The are going bankrupt quick.