Monday, October 3, 2016
- None.
- 32324, SI/NC, Hess, EN-Freda-154-94-2635H-12, Alkali Creek, no production data,
- 32325, SI/NC, Hess, EN-Freda-154-94-2635H-1, Alkali Creek, no production data,
**************************
The OPEC Announcement Means Squat -- WSJ
Link here.
- "cut" not big enough
- won't happen "soon enough"
- WSJ sees the "cut" to be as much as 700,000 bopd -- I don' t know Nicole sees, but I certainly don't see any cut -- in fact, John Kemp suggests OPEC production might even increase under the "cut"
- nothing in the article that regular readers don't already know
******************************************
Non-Bakken
The only thing we learned (again) from The New York Times this week: the rich don't pay taxes.
And, more recently, The New York Times paid no taxes in 2014:
As Forbes noted at the time:
… for tax year 2014, The New York Times paid no taxes and got an income tax refund of $3.5 million even though they had a pre-tax profit of $29.9 million in 2014.
In other words, their post-tax profit was higher than their pre-tax profit. The explanation in their 2014 annual report is,
“The effective tax rate for 2014 was favorably affected by approximately $21.1 million for the reversal of reserves for uncertain tax positions due to the lapse of applicable statutes of limitations.”
Meanwhile:If you don’t think it took fancy accountants and tax lawyers to make that happen, read the statement again.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.