seriously, Medicare is paid for by a payroll tax. everyone's benefits are pretty much the same, and people with large earned income pay more.
The chart for GAIN was flat for two months and then it suddenly dropped. They declared the same dividends for the three months in the quarter but at the last report, NII was a little short. Then they had a press release regarding sale of one of their investments at a profit without stating how much profit. I suspect some of the dividend will be capital gain and resulting in a fall in net asset value. The next quarterly report should clarify.
Haven't read it. Sounds like I should. Reserves are economically recoverable. As the price goes up, reserves increase. As technology changes, reserves increase. You may be right, but it is very hard to know. Remember what reserves were in the 1970's. Much more than that has been extracted in the last 40 years
good analysis, and at $150, capital flows back into drilling and fracking and the price plummets again. The only uncertainty is the time frame. Might not happen by 2018. Some of us remember. In the late 1970's, the experts predicted we would be out of oil by now. And this was not just government experts. Exxon invested over $500 million in the Colony oil shale project back when $500 million was a lot of money based on their prediction that oil would go to over $100/barrel. And of course, eventually we run out oil because it is a finite resource, but this is a lot longer in the future than previously thought.