SandRidge Energy, Inc. (fka SDOCQ)

[GreenGenie]

A lot of misleading factoids or misunderstandings here:

1) Obama has never mentioned hitting big oil with a tax. It was a consumer tax, and it is the best time for it since prices are this low for oil. It's for infrastructure projects such as highways and bridges. Most economists back this plan up, even those on the conservative side of the spectrum. Only politicians and ideologues have a big problem with it. Naturally...

2) Buffett sold his Exxon position in the 4th quarter of 2014. Since the beginning of 2016, Buffet has dropped over $1 billion into the oil industry and now owns 14% of Phillips 66.

3) Nobody is making money in oil. The Middle East is experiencing more pain than anyone on a macro economic level. This is the result of a price war that would spell the death of several companies, but not of oil itself. There are casualties in war, even price wars.