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Loopholes
Posted by tech_ed@...
5th Jan 2012
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Recovery of reserves of shale gas?
Recovery of reserves of shale gas? Why don't you call it by its more commonly recognized name, fracking?
Posted by lmarks@...
4th Jan 2012
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It's more than just 'fracking'
Hydraulic fracturing, which is often abbreviated to "fracking," is one method, and certainly the most controversial, that's used to unlock unconventional gas in shale formations. It's not the only method. It's also often used in combination with horizontal drilling.
I use "technically recoverable reserves" as an entry point to explain what this often misunderstand jargon term means.
I use "technically recoverable reserves" as an entry point to explain what this often misunderstand jargon term means.
Posted by kirsten korosec
5th Jan 2012
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Did U.S. companies make out like bandits in these deals?
Considering the rapid depletion rates of these 'fracking' wells (I've read estimates from some insiders that many of these well sites are running at 28-36% of peak production on average within a year), I'm suspicious that these foreign buyers are purchasing more hype than actual recoverable reserves. See: www.theoildrum.com/node/8212 My sources may be wrong, so I'd appreciate comments and links from those who know more than I do.
Posted by Economist Cory
4th Jan 2012
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Loopholes
Yeah, and I'll bet that not a single one of those companies that made money on these sales have or will pay a single penny in taxes on the profits they made due to tax loopholes...like GE and Exxon, and other huge american companies! *THAT'S* what's wrong with the USA. Big business making huge profits and not paying any federal income tax...if Companies are people (as in donating to political parties) then they should be *TAXED* like people!
GE made over 14 billion (billion...with a "B") dollars in profit for 2010. Yet paid nothing in federal taxes. Their 2010 tax return was over 57,000 pages long. If it were to be printed out on paper, it would have made a stack over 19 feet high...yet they paid nothing in taxes...While their subsidiaries in China *DID* pay chinese taxes...what's wrong with this picture?
GE made over 14 billion (billion...with a "B") dollars in profit for 2010. Yet paid nothing in federal taxes. Their 2010 tax return was over 57,000 pages long. If it were to be printed out on paper, it would have made a stack over 19 feet high...yet they paid nothing in taxes...While their subsidiaries in China *DID* pay chinese taxes...what's wrong with this picture?
Posted by tech_ed@...
5th Jan 2012