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A capital gain or loss results from the sale, trade, or exchange of a capital asset. A lower capital gains tax is supposed to encourage people to sell stock and other at a price above the basis thus results in a capital gain, which is taxable.
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The poor industry turnout for the bidding round was attributed to bad timing, first and foremost, with oil companies scrambling to consolidate in the wake of an historic oil price downturn that kicked off in 2014, in combination with high expectations from the government on contract terms and the share of profits going to the state. The following is a list of notable companies in the petroleum industry that are engaged in petroleum exploration and production. The list is in alphabetical order by continent and then by country. This list does not include companies only involved in refining and marketing. National Oil originated from Moser Oil Corp. in 1940. This picture, circa 1933, was the original "Airplane Service Station" at the corner of what is now Highways 1 and 124 in Bluffton, Indiana. Marketers of Petroleum Products. National Oil provides fueling solutions for wholesale and retail customers in Indiana, Ohio, Michigan and Illinois markets.
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