More Tax Windfalls

(1) The 1970s are back for US oil output. (2) US oil trade deficit is tiny. (3) US frackers may be about to put a lid on oil prices. (4) Energy earnings have been energized. (5) Exxon planning on spending more to make America even greater in oil production. (6) Exxon has been paying its taxes on foreign earnings. (7) Valero planning to buy back shares with extra cash. (8) Mickey’s effective tax rate will fall from 35% to 21%. (9) MaBell used cash windfall to pay bonuses and for medical plan, and will spend more on capital equipment.