- #701
Astronuc
Staff Emeritus
Science Advisor
2023 Award
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Umm - there is a big difference. I imagine that few in the bottom 90% has any significant equity in oil/gas leases or rights. In much of the west, the mineral rights are owned by very few people. Most land owners west of the Mississippi do not own the mineral rights under their property. The why people in Texas, Oklahoma, Colorado and most, if not all western states, may find an oil right on their property or next door.russ_watters said:They aren't fundamentally different from stocks (and much of that actually is just stocks). So really, it's about half of the population of the US who sees that profit.
For example - http://www.lavetaforsale.com/Mineral-Rights.php
Meanwhile, the economy sheds jobs and some formerly hot companies are downsizing or not expanding.
ADP shows biggest job loss in nearly 6 years
Private-sector jobs decline by 79,000 in June
http://www.adpemploymentreport.com/The ADP National Employment Report® is a measure of nonfarm private employment, based on a subset of aggregated and anonymous payroll data that represents approximately 392,000 of ADP's 500,000 U.S. business clients and roughly 24 million employees working in all 19 of the major North American Industrial Classification (NAICS) private industrial sectors.
Starbucks to close 600 U.S. stores, cut 12,000 jobs [not inlcuded in the 79,000 lost jobs above]
Blockbuster drops bid for Circuit City
But Yahoo shares are up after news (rumors) that MS is considering a new bid.
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