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Tonight’s special at the local library was Oil Economist Richard Feinberg treatment of Senate Bill 21, progressive oil taxes and the negation of costs by oil companies when creating visuals of their profits over the last several years. Lots of graphs, discussion of definition/mis-definition of terms, and the elusive MARGINAL (not gross) revenue figures. The mantra of the night? : you have to look at reserves, oil prices and costs as well as net revenues!

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