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"So, Denis, we have different axes to grind. You must have a lot of Exxon stock to have enough dividends to travel very far since Exxon only pays 1.8%, less than the market average of 1.9%. 1,000 shares worth $89,000 this morning will only pay an annual dividend of $1,600. You might look into Canadian income trusts since those oil and gas companies pay a 10-15% dividend. For example Enerplus Resources of Alberta pays about $4,950 on an investment of $48,000 (10.5% on 1,000 shares). That would leave you with $40,000 to invest in something else using my 1,000 share example."
Yes, I have a lot of Exxon stock and I prefer to invest in companies HQ'd in the US. You forgot to factor in Canadian income tax on all dividends paid in the US.
My point very simply is that had we drilled in ANWR in 1997, we would be refining that oil right now. You almost slid one past me in referring to those poor lawyers working for the enviros up against the mean corporations. Wrong, those enviro attorney's are suing the federal agencies and hanging issues up for years. Since they're paid with tax exempt donations and our tax money is paying the justice department salaries, in essence the tax payers are covering the costs for both sides.
Yes, we need to find better ways to create energy. FYI, I have copies of ROAD & TRACK, FOUR WHEELER and PV4 with in depth tech stories written in 1981 on the premise that ethanol will turn out to be a disaster! The further I look back, the worse the future appears to be based on the musings of algore and the global warming cabal.
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