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From CNBC
President Barack Obama will propose a $10-per-barrel charge on oil to fund clean transportation projects as part of his final budget request next week, the White House said Thursday.
The proposal — which follows the passage of a bipartisan transportation bill last year — would have difficulty clearing the Republican-controlled Congress. In a statement, Rep. Steve Scalise of Louisiana, House majority whip, said the House would quash the "absurd" plan.
Oil companies would pay the fee, which would be gradually introduced over five years. The government would use the revenue to help fund high-speed railways, autonomous cars and other travel systems, aiming to reduce emissions from the nation's transportation system.
"By placing a fee on oil, the president's plan creates a clear incentive for private sector innovation to reduce our reliance on oil and at the same time invests in clean energy technologies that will power our future," the White House said in a statement.
Woo what's this move
They are lying about "deal" they are trying to take out key countries with big price drops. This is short lived. Whipsaw rallies. Nice to be in and on the right side though.
Silver to moon! Energy market crush will ripple into further problems stemming from Energy loans, derivatives, bonds all will accelerate and be crushed worldwide. When the market goes down metals go up.
Nice rally for all the longs, i moved to the D side today, i do think that 2's are a good price to hold some long term uwti at, and trade the rest ups and downs. I think we retest the 30's again :)
I heard they were going to back the dollar down as to not get too strong in a world wide sense but didn't see the impact it would have on oil. Stocks are my PT job.
Call me new, but my quote is 0 x 0? I see a last price...
Right on!!!
Nice EOD TRADE today.
Seems every time a financial stress is "repaired" something new comes along. Looks like it's knocking on our door. This time , and every time the resolution is found after tracing over every inch of the tangled web, and I believe this time, being a word wide issue, it may be sometime before we have all the pieces of the puzzle. Sleep well all, the morning will be here soon enough
So NOW!!!!!!
here we go!!
Buy Buy Buy !!!!
ERBB has HUGE following, and when it moves like it has been, others will be flooding in slapping the ask (imo)
just the beginning!!
Haha. I guess if you're in for the real long term like maybe 10 years.
Maybe time for some D
Early retirement on the way
Way to go GREEN!!!!!!
Next week new highs… Look out above…
Still a lot of oil out there
Sold out too.
Yep. :)
Nice. Saw that yester good we keep info moving.
something interesting brewing here…
Lol. Well I got that totally wrong. Thanks. I usually see though these things.
Wow. 16-25 is pretty far from current levels $1.85
Nice. I'd like to see a retest of last weeks lows first. :)
Yep. It's either gonna rain or be clear.
Looks like a rally for now.
I hear ya same boat here.
Confessed newb here, can you give me a quick explanation as to what this are we linked up to March contract means?
Why did I only find this stock at $380……
Ahhh, nice find.
Is their base revenue solely on advertising? Sheesh. As fas as I see, they don't sell a tangible object. All fluff.
This stock really kicks!!
I hope it drops more so I can buy more… LOL