That's an 8.5% annual yield. That means in 10 years when the trust runs out you would have gotten back 85% of your original investment.
"Before the 2003 invasion, President Bush and other senior officials cited the intelligence community’s incorrect conclusions about Saddam’s WMD capabilities and, on occasion, went beyond them." . . . . What is your point here ? That the author is stupid as well as a liar ?
MT currently trades for 1/3 of its book value and generates $2 billion/year in positive cash flow. Am I missing something here ? MT is grossly undervalued and looks like an excellent value investment.
"The greater fool" concept is why BPT trades at the price its at. If you had a choice, at this price, would you be long or short BPT. The answer to that question tells you everything you need to know about BPT.
The difference between 2009 and now is that in Feb of 2009 Saudi's cut their production by 4 million barrels per day. The Saudi's are not going to do that again.
Excess oil is bought by dealers that store it for future sale. When storage runs out, these dealers will no longer buy up this excess oil. If you're an oil producer, you will not be able to sell your oil. Its kind of like when your plumbing backs up in your house. You turn off your water. In this case, the oil producers turn off their production.
Fools continue to debate the issue. Learned individuals have accepted the facts. Which are you ?
Exxon works with the Saudi's, Iran's traditional enemies. Opening up Iran's oil fields does not help Exxon.
Its something to do while we wait for oil prices to cycle and Linn to begin recovering. Kind of like shooting crows off the fence.
I had thought there would be a turnaround in oil prices in 2nd half of this year, now I'm not sure. Additional supply coming to market, probably in the 2nd half of this year, means that any price recovery will be further into the future. With oil demand increasing @ 1 million barrels per day per year and a surplus of 1.2 to 1.5 million barrels per day on the market right now, add in another 1-2 million barrels per day and price recovery might not begin until 2017. I don't expect oil prices above $60/barrel until then.
"Military units were stripped of their able Sunni commanders which were replaced by Progressive Shia officers. So Sunni troopers left units." . . . . This was all done while George W. was president. When US forces took Iraq, the US refused to allow any Sunni officers to remain within the Iraq army, thereby "gutting" the Iraq army of any capable officers. This was occurring just about the same time that George W. was standing on the deck of an Aircraft Carrier and declaring victory.
There are those that benefit from conflict and tension. These people will not like the agreement. Similar to the people that disliked opening relations with Cuba. USA cannot keep picking fights with nations just because we can. It's time to be adult about our relationships with the rest of the world.
Something tells me if you were German you would rewrite history and have the Germans winning WW2, and denying the holocaust ever happened.