Unless of course you are the one who (a) owns the oil or (b) owns a lot of stock in the oil companies.
The downtrend in crude oil, line b, connects the April 29 and July highs.
B. purchased thirty oil-drilling rigs from a Chinese company.
Chart Analysis : The weekly chart of the December crude oil futures contract shows that it formed lower lows, line b, last week.
The Democratic effort to launch S.B. 940, known as the Close Big Oil Tax Loopholes Act, would have ended tax breaks for the top five most profitable oil companies.
Regardless of the price of oil, it still needs to move from Point A to Point B.
But it's one thing to put people in uniform, and another thing to have clear command structure, or the capacity to move troops from point A to point B, or the capacity to make sure that the troop carrier from point A to point B has got the necessary air in its tires or oil in its engine.
There is speculation that Marathon, an American oil company, may dispose of its 32.5% share in Block B, in southern Sudan.
Big oil is taking note of the opportunity as BP ( BP) and Royal Dutch Shell ( RDS.B) are investing billions in separate Brazilian ethanol ventures.
The general portfolio includes Berkshire Hathaway ( BRK.B), which pays no dividend, while the tax-managed portfolio substitutes dividend-yielding oil field services provider Schlumberger ( SLB) for Berkshire.
FORBES: The Corporate Tax Debate? Ignore It and Think About Your Taxes
What matters here are the economic and geopolitical benefits from (a) not having to design military and foreign policy objectives based on energy security to the degree the US has over the last 30 years, and (b) being able to reap the growth, employment and current account benefits of domestically sourced-oil and natural gas.
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