It's my impression Central Valley farmers pay $1000 for 1 acre/foot of water. Wonder how that compares to revenue for moving oil? The water is basically free probably.
The Feds just released new regulations for fracking on federal lands designed to prevent contamination of water resources. The rules sounded reasonable to me but doubt the oil companies agree.
Continental Resources just bought 160 more acres in the Bakken field in a state auction...for $3.2M. Some of the acreage is underwater but near a well they already operate.
The top paid football coach: Nick Sabin ...$7,160,000. The 113th on the football coach list is the U of Idaho where the coach is paid $400,000, the same as the US president. Idaho hasn't had a winning season in decades. Makes sense...right Phil2u?
The top paid basketball coach: Mike Krzyzewski...$9,680,000. The 45th on the list is Louisiana-Lafayette where the coach is paid $400,000, the same as the president. Mike is paid 24 times more than the president...for a part time job. Sweet!
The highest paid public employees in 40 of the 50 states are college football and basketball coaches (plus one hockey coach). In the other 10 states the highest paid employees are mostly medical school deans. No elected official is the highest paid public employee in any state. Also, those football and basketball coaches all make more than the US president.
The Saudi's are not trying to kill fracking, or UDW, or the Russians. They are trying to kill Iran. They don't want a neighbor, and enemy, with nuclear capability.
It posted its worst day (today) in two months...according to one "expert" because of rate worries. Rate worries? Seems very unlikely...that's old news thats been circulating for months. Might it be due to Republicans trying to sabotage the Iran nuclear negotiations? That just happened.
The compensation committe was really tough. The poor guy was only paid $20,000,000....I pity him. Also, that fine had nothing to do with events in 2009. They broke the law in their dealings with mortgage holders. And you can bet that $50,000,000 was a fraction of the money they stole from the mortgage holders. Stop defending criminal conduct!
No, not jealousy. I've done OK during my work career. It's that I'm always amazed at the disparity between the importance to society of what people do and what they are paid for doing it. Often the lowest paid work is the most important work, and vice versa. Very strange!
For example, the oil/gas (KMI) analyst at Goldman Sacs probably makes much more than Janet Yellen. Yet he has no responsibility for the accuracy of his opinions and is largely ignored. Jamie Dimon has a trillion dollar business buying and selling derivatives and CDO's. What is the value of that for 95% of Americans? None. And the same applies to the millionaires that run companies making fashionable shoes and clothes, or mine gold and diamonds, or operate casinos. And, as we all know, the lowest paid workers grow and harvest the food we eat.
No. And I'm not assuming Dimon could run the Federal Reserve either.
It's a question of relative responsibity. Janet is responsible for ensuring the entire complex US economy is healthy.and growing...and to a degree the economies of the entire world. Dimon is only responsible for keeping one company healthy and growing. By that measure either Janet is grossly underpaid or Dimon is grossly overpaid...in terms of their relative responsibility for the assets they oversee.
To me that is strange but true. Janet would have to work 100 years to make what Dimon makes in one year.
In Dimons league? You must be kidding.
If Dimon is so smart why did JP Morgan break the law in 2011-12? $20,000,000 of that $50,000,000 fine should have come from his salary. He has a big advantage Janet does not have...he sets his own salary. As I said...to some people this makes sense.
And let's not forget the 241 US servicemen killed in 1983 in Beirut by a suicide bomber! Funny how people who complain about Bengazi never mention this happened when their hero Reagan was president.
Federal Reserve Chairman Janet Zellen is paid $201,700/year.
JP Morgan Chase CEO Jamie Dimon was paid $20,000,000 in 2014...100 times more than Janet.
To some people, I imagine, this makes sense. Also, today JP Morgan Chase was fined $50,000,000 for unlawful mortgage lending practices in 2011-12.