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Bernie Sanders

deregulation

Betting with Deregulation – A Risky Proposition

By Energy Rant No Comments
Energy is a commodity, and like all commodities, it is wise to hedge risk; not go the other way and place bets. Unless you are a certain presidential candidate with privileged information on cattle futures, I would stay away from betting, er investing in, commodities in general, and energy specifically. To digress for a moment, recall when gasoline cost $4 per gallon, there were all kinds of calls to investigate price gouging and rigging the market. Bill O’Reilly would ignorantly rant about the “speculators”. I said then, in 2008 just before this blog was born, that was poppycock. Senators Chucky…
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Petroloons

By Energy Efficiency, Energy Rant, Government, Tax Stuff, Utility Stuff No Comments
A few weeks back in Evil v Clueless, I attempted to clarify populist, rhetorical BS that crops up in times of rising gasoline prices. True to form, a couple really stupid death-spiral proposals have surfaced: ending “tax breaks” for oil companies and reigning in speculators. Bashing big oil has surfaced this gem again: we need to end tax breaks/subsidies for big oil. The angry mob of medieval grunts raise their clubs and swords to the air and roar approval. The “tax breaks” they are talking about are the same ones every company in the US uses and rightly so: depreciation…
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