a blog dedicated to the discussion of MASTER LIMITED PARTNERSHIPS and the day to day news related to the group...along with perhaps a few other things...as long as the conversation is kept civil. Although i have no problem telling you what i am doing regarding my trades...PLEASE DON'T ASK ME WHAT YOU SHOULD DO REGARDING WHETHER TO BUY, SELL OR SHORT!!! i am not in the stock business.
I've got to believe the threat of taxing MLPs is overblown at this point. The liberal in me thinks it's probably a good idea, while the realist in me counts on the Republicans to be far too "business friendly" to allow this to happen.
Hopefully MLPs keep selling off. Seems like a big buying opportunity.
By extension, Obama's bleating to eliminate 4 billion in oil company tax breaks will undoubtedly extend to MLP's. It will also exacerbate energy supplies in the U.S. as smaller, independent oil and gas companies will no longer be able to write off intangible drilling costs. It's all part of Obama's willingness to sacrifice our economy, jobs, and standard of living to embrace alternative energy which is, at this writing,k not economically viable.
I've got to believe the threat of taxing MLPs is overblown at this point. The liberal in me thinks it's probably a good idea, while the realist in me counts on the Republicans to be far too "business friendly" to allow this to happen.
ReplyDeleteHopefully MLPs keep selling off. Seems like a big buying opportunity.
Grant,
ReplyDeleteBy extension, Obama's bleating to eliminate 4 billion in oil company tax breaks will undoubtedly extend to MLP's. It will also exacerbate energy supplies in the U.S. as smaller, independent oil and gas companies will no longer be able to write off intangible drilling costs. It's all part of Obama's willingness to sacrifice our economy, jobs, and standard of living to embrace alternative energy which is, at this writing,k not economically viable.