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BIDEN BLOWS UP OIL PRICES BY CANCELLING DRILLING IN U.S. NOW BEGS OPEC
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<blockquote data-quote="bacha29" data-source="post: 5154097" data-attributes="member: 58386"><p>Dodd Frank was passed to clean up the mess created by Graham Leach Bliley. That fine piece of legislation crafted by Texas banker and senator Phil Graham which repealed Glass Steagall which separated merchant banks from investment banks. Well, that repeal allowed investment banks to use merchant bank deposits that being people like you and me and use our deposits on the merchant end to back stop potentially much more profitable but much higher risk investments made by the investment bank side. Well, we all saw what happened later. Dodd Frank restored a significant number of the provisions of Glass Steagall so that it doesn't happen again. Helps to explain why Graham resigned before finishing his term . </p><p></p><p>Now this AM Michael Wirth CEO of CVX was on CNBC spelling out his companies 3 objectives going forward.</p><p>1. Supply management</p><p>2. Capital and shareholder equity preservation</p><p>3.Carbon reduction.</p><p>Might help to explain why CVX stock has gone up 61% year over year. Oh, BTW CVX is raising it's dividend 6%</p><p></p><p>If you want to truly find out what's actually going on get off Fox News and get to something you can actually use like CNBC In fact CNBC is on at my house all day long. In your case that's not easy given you host country's critical shortage of the used car battery's you need to power your tent.</p></blockquote><p></p>
[QUOTE="bacha29, post: 5154097, member: 58386"] Dodd Frank was passed to clean up the mess created by Graham Leach Bliley. That fine piece of legislation crafted by Texas banker and senator Phil Graham which repealed Glass Steagall which separated merchant banks from investment banks. Well, that repeal allowed investment banks to use merchant bank deposits that being people like you and me and use our deposits on the merchant end to back stop potentially much more profitable but much higher risk investments made by the investment bank side. Well, we all saw what happened later. Dodd Frank restored a significant number of the provisions of Glass Steagall so that it doesn't happen again. Helps to explain why Graham resigned before finishing his term . Now this AM Michael Wirth CEO of CVX was on CNBC spelling out his companies 3 objectives going forward. 1. Supply management 2. Capital and shareholder equity preservation 3.Carbon reduction. Might help to explain why CVX stock has gone up 61% year over year. Oh, BTW CVX is raising it's dividend 6% If you want to truly find out what's actually going on get off Fox News and get to something you can actually use like CNBC In fact CNBC is on at my house all day long. In your case that's not easy given you host country's critical shortage of the used car battery's you need to power your tent. [/QUOTE]
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BIDEN BLOWS UP OIL PRICES BY CANCELLING DRILLING IN U.S. NOW BEGS OPEC
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