[jficquette]

If Democrats paid as much in taxes as Republicans then they would be paranoid about them too. Democrats pay at most maybe 10-20% if the federal income taxes. Maybe if everyone pay a straight % then more people would get involved in how much money is being wasted.

All I am saying is the only reason Oil costs what it does now is to keep countries from going under. Has very little to do with costs of production.

John

[jficquette]

If Democrats paid as much in taxes as Republicans then they would be paranoid about them too. Democrats pay at most maybe 10-20% if the federal income taxes. Maybe if everyone pay a straight % then more people would get involved in how much money is being wasted.

All I am saying is the only reason Oil costs what it does now is to keep countries from going under. Has very little to do with costs of production.

John

[jficquette]

If Democrats paid as much in taxes as Republicans then they would be paranoid about them too. Democrats pay at most maybe 10-20% if the federal income taxes. Maybe if everyone pay a straight % then more people would get involved in how much money is being wasted.

All I am saying is the only reason Oil costs what it does now is to keep countries from going under. Has very little to do with costs of production.

John

[jficquette]

If Democrats paid as much in taxes as Republicans then they would be paranoid about them too. Democrats pay at most maybe 10-20% if the federal income taxes. Maybe if everyone pay a straight % then more people would get involved in how much money is being wasted.

All I am saying is the only reason Oil costs what it does now is to keep countries from going under. Has very little to do with costs of production.

John

[jficquette]

If Democrats paid as much in taxes as Republicans then they would be paranoid about them too. Democrats pay at most maybe 10-20% if the federal income taxes. Maybe if everyone pay a straight % then more people would get involved in how much money is being wasted.

All I am saying is the only reason Oil costs what it does now is to keep countries from going under. Has very little to do with costs of production.

John

[jficquette]

They make money at $10/BBL back in the 70’s.[/quote]

Cost of extraction in Iraqi and Saudi Fields is approx $4 per barrel.

John

[jficquette]

They make money at $10/BBL back in the 70’s.[/quote]

Cost of extraction in Iraqi and Saudi Fields is approx $4 per barrel.

John

[jficquette]

They make money at $10/BBL back in the 70’s.[/quote]

Cost of extraction in Iraqi and Saudi Fields is approx $4 per barrel.

John

[jficquette]

They make money at $10/BBL back in the 70’s.[/quote]

Cost of extraction in Iraqi and Saudi Fields is approx $4 per barrel.

John

[jficquette]

They make money at $10/BBL back in the 70’s.[/quote]

Cost of extraction in Iraqi and Saudi Fields is approx $4 per barrel.

John

[jficquette]

[quote=Eugene][quote=jficquette]
Russia owes $400B to mostly western banks. If oil gets back to where it belongs which is around $25 a barrel and stays there for a few months then Russia will likely default along with Dubai and probably others.

John[/quote]

This is only accurate if you include private debt (in which case, I’m not sure if it’s appropriate to talk about the default of Russia as an entity). Russian government public debt is around 100B, and only 40B of that is held by western banks.[/quote]

It includes private debt to Russian companies in the oil and gas business and other enterprises.

Here is an old article about it. http://seekingalpha.com/article/119590-russia-about-to-default-on-sovereign-debt-again

[jficquette]

[quote=Eugene][quote=jficquette]
Russia owes $400B to mostly western banks. If oil gets back to where it belongs which is around $25 a barrel and stays there for a few months then Russia will likely default along with Dubai and probably others.

John[/quote]

This is only accurate if you include private debt (in which case, I’m not sure if it’s appropriate to talk about the default of Russia as an entity). Russian government public debt is around 100B, and only 40B of that is held by western banks.[/quote]

It includes private debt to Russian companies in the oil and gas business and other enterprises.

Here is an old article about it. http://seekingalpha.com/article/119590-russia-about-to-default-on-sovereign-debt-again

[jficquette]

[quote=Eugene][quote=jficquette]
Russia owes $400B to mostly western banks. If oil gets back to where it belongs which is around $25 a barrel and stays there for a few months then Russia will likely default along with Dubai and probably others.

John[/quote]

This is only accurate if you include private debt (in which case, I’m not sure if it’s appropriate to talk about the default of Russia as an entity). Russian government public debt is around 100B, and only 40B of that is held by western banks.[/quote]

It includes private debt to Russian companies in the oil and gas business and other enterprises.

Here is an old article about it. http://seekingalpha.com/article/119590-russia-about-to-default-on-sovereign-debt-again

[jficquette]

[quote=Eugene][quote=jficquette]
Russia owes $400B to mostly western banks. If oil gets back to where it belongs which is around $25 a barrel and stays there for a few months then Russia will likely default along with Dubai and probably others.

John[/quote]

This is only accurate if you include private debt (in which case, I’m not sure if it’s appropriate to talk about the default of Russia as an entity). Russian government public debt is around 100B, and only 40B of that is held by western banks.[/quote]

It includes private debt to Russian companies in the oil and gas business and other enterprises.

Here is an old article about it. http://seekingalpha.com/article/119590-russia-about-to-default-on-sovereign-debt-again

[jficquette]

[quote=Eugene][quote=jficquette]
Russia owes $400B to mostly western banks. If oil gets back to where it belongs which is around $25 a barrel and stays there for a few months then Russia will likely default along with Dubai and probably others.

John[/quote]

This is only accurate if you include private debt (in which case, I’m not sure if it’s appropriate to talk about the default of Russia as an entity). Russian government public debt is around 100B, and only 40B of that is held by western banks.[/quote]

It includes private debt to Russian companies in the oil and gas business and other enterprises.

Here is an old article about it. http://seekingalpha.com/article/119590-russia-about-to-default-on-sovereign-debt-again

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