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I heard about the situation in Dubai. Some people got stuck there when they were suddently fired and had no money to get home. And the 10 million your business partner lost, well, that's some serious coin!
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Thanks for the link Klutch - good information.
According to the article, although each company does end up with some other companies gas due to the comingling in the pipeline each company is responsible for their individual purchase amount of gas. Each company does make an intelligent choice of where it purchases its amount of crude. No doubt it is all too involved and political to draw a concrete line but as a consumer I do try to buy in accordance to the freedoms I cherish of the U.S. and other freeedom loving nations.
Who knew that a Mach 1 could bring about such intense investigation of the facts. This is good.
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If you haven,t heard the news about how much profit the U.S. Oil Companys have made this last year . It is the largest U.S. Oil Companys profit EVER . It,s about time we call the theft the U.S. Oil Companys along with the GREED of the U.S. Government who keeps adding more taxes and sercharge,s . If you are now seeing gas prices starting to drop because some one told the people about these nightmaire sized Profits . It is sad you can,t past all the nonsense BULLSHIT that we have been told all the time . The Government has past laws so we are not allowed to own any menarol rights ever . The Government took that right away from us a very long time ago . Doe,s anyone know the reason we are charged a 9/10th of a cent per a gal of gas on ever gal of gas that is sold in the Country . We got some cheap gas mayed a vote for the head of the Country . The Gas just keeped climing ever sense untill just now . Who is in who,s pocket now . I think the OIL Companys should have to give all people back their money they have ripped off . Give the people them self,s the MONEY in HAND not the Lipservice we are all hearing NOW !!! C . L .
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^^ Not sure what you're talking about specifically concerning mineral rights, but lots of people still own the mineral rights to their property.
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(05-28-2011, 09:41 AM)Klutch Wrote: I heard about the situation in Dubai. Some people got stuck there when they were suddenly fired and had no money to get home. And the 10 million your business partner lost, well, that's some serious coin!
Before the economy tanked I was in the franchise finance business, we did SBA loans. Basically it meant we helped get you money if you were trying to open a Burger King or Wendys or any major franchise.
So if I had invested the way we were planning, Id be living in a box on skid row. I tried to warn my friend but high rollers keep rolling, he was worth about 50 mill at the time so it didn't hurt him, hes now on a yacht traveling around the world. The smartest thing I did in my entire life was NOT invest in Dubai.
I see this thread heading in a Government direction, let please get away from that.