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<blockquote data-quote="roadrunner2012" data-source="post: 1041572" data-attributes="member: 40736">My friend,You keep posting this &#039;paid taxes twice&#039; malarkey. He is only taxed on his capital gains, not his capital. Of course if you undervalue your capital and put it in an IRA, you avoid paying those pesky taxes. That&#039;s like me putting Brown Stock into an IRA and saying it&#039;s worth .25 a share, and ignoring the last 90 years of splits. It would be illegal for me to do that, but in Romneyworld, it&#039;s perfectly fine, as long you&#039;re an oligarch.here&#039;s who he is working for:Harold Hamm, Courtesy of USA<img src="http://oilprice.com/js/common/tinymce/jscripts/tiny_mce/plugins/imagemanager/files/AE634.png" alt="" class="fr-fic fr-dii fr-draggable " style="" />We&nbsp; will avoid treading on the overwhelming territory of Big Oil and the&nbsp; power of Chevron, Exxon, the American Petroleum Institute and all their&nbsp; combined oil moguls who make the Koch Brothers look like car salesmen.&nbsp; Instead we will focus on one particular oil baron who stands out for his&nbsp; Bakken ambitions. Hamm is the mastermind of Continental&nbsp; Resources, which is leading a massive campaign for drilling North&nbsp; Dakota’s Bakken formation. During the first quarter of 2012, Continental&nbsp; Resources “completed the equivalent of 43 wholly owned wells into the&nbsp; Bakken,” according to <a href="http://www.forbes.com/sites/christopherhelman/2012/07/26/oil-tycoon-hamm-reports-blistering-growth-from-drilling-in-the-bakken/" target="_blank">Forbes</a>,&nbsp; and “unlocking those reserves helped Continental boost its proved&nbsp; reserves nearly 50% in the past year to 610 million barrels”.Hamm&nbsp; is the 76th richest person in the world, with his 68% stake in&nbsp; Continental worth $7.7 billion. He plays a sizeable role in what we will&nbsp; call the “Romney Energy Team”, and has <a href="http://www.washingtonpost.com/lifestyle/style/for-oil-driller-harold-hamm-bakken-boom-brings-more-billions-and-a-chance-to-dabble-in-politics/2012/08/12/3906740a-e227-11e1-ae7f-d2a13e249eb2_story.html" target="_blank">donated</a>&nbsp; (on the record, at least), almost $1 million to the Restore Our Future&nbsp; Foundation, which is directly supporting Romney’s presidential bid. For&nbsp; Hamm, it’s all about the Bakken oil boom, and of course, the Keystone&nbsp; XL pipeline, which will ensure a transit route for Hamm’s oil.<a href="http://oilprice.com/Energy/Crude-Oil/Oilprice.coms-5-Most-Influential-Oligarchs.html" target="_blank">Oilprice.com&#039;s 5 Most Influential Oligarchs</a></blockquote>

[QUOTE="roadrunner2012, post: 1041572, member: 40736"] My friend, You keep posting this 'paid taxes twice' malarkey. He is only taxed on his capital gains, not his capital. Of course if you undervalue your capital and put it in an IRA, you avoid paying those pesky taxes. That's like me putting Brown Stock into an IRA and saying it's worth .25 a share, and ignoring the last 90 years of splits. It would be illegal for me to do that, but in Romneyworld, it's perfectly fine, as long you're an oligarch. here's who he is working for: [B]Harold Hamm, Courtesy of USA[/B] [IMG]http://oilprice.com/js/common/tinymce/jscripts/tiny_mce/plugins/imagemanager/files/AE634.png[/IMG] We will avoid treading on the overwhelming territory of Big Oil and the power of Chevron, Exxon, the American Petroleum Institute and all their combined oil moguls who make the Koch Brothers look like car salesmen. Instead we will focus on one particular oil baron who stands out for his Bakken ambitions. Hamm is the mastermind of Continental Resources, which is leading a massive campaign for drilling North Dakota’s Bakken formation. During the first quarter of 2012, Continental Resources “completed the equivalent of 43 wholly owned wells into the Bakken,” according to [URL="http://www.forbes.com/sites/christopherhelman/2012/07/26/oil-tycoon-hamm-reports-blistering-growth-from-drilling-in-the-bakken/"]Forbes[/URL], and “unlocking those reserves helped Continental boost its proved reserves nearly 50% in the past year to 610 million barrels”. Hamm is the 76th richest person in the world, with his 68% stake in Continental worth $7.7 billion. He plays a sizeable role in what we will call the “Romney Energy Team”, and has [URL="http://www.washingtonpost.com/lifestyle/style/for-oil-driller-harold-hamm-bakken-boom-brings-more-billions-and-a-chance-to-dabble-in-politics/2012/08/12/3906740a-e227-11e1-ae7f-d2a13e249eb2_story.html"]donated[/URL] (on the record, at least), almost $1 million to the Restore Our Future Foundation, which is directly supporting Romney’s presidential bid. For Hamm, it’s all about the Bakken oil boom, and of course, the Keystone XL pipeline, which will ensure a transit route for Hamm’s oil. [url=http://oilprice.com/Energy/Crude-Oil/Oilprice.coms-5-Most-Influential-Oligarchs.html]Oilprice.com's 5 Most Influential Oligarchs[/url] [/QUOTE]

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