netrashetty
Netra Shetty
Polaris Industries (NYSE: PII) is a manufacturer of snowmobiles, ATV, and neighborhood electric vehicles. Polaris is based in Medina, Minnesota, USA. The company also manufactures motorcycles through its Victory Motorcycles subsidiary. Polaris no longer produces watercraft.
Robin (a subsidiary of Fuji Heavy Industries, which is the owner of Subaru) develops and supplies all-terrain vehicle (ATV) and snowmobile engines for U.S.-based leisure equipment maker Polaris Industries Inc. Starting in 1995 with the Polaris Magnum 425 4-stroke atv and in 1997, with the introduction of the "twin 700" snowmobile engine Polaris started the development and production of in-house produced powerplants, know as the "Liberty" line of engines, now found in many models across their current production lines. This production makes many Polaris products 100% American made. Fuji Heavy Industries now also maintains a US based production plant, in conjunction with Polaris, so that all engines are now American Made.
In late 2005, Polaris Industries announced that it would purchase a portion of KTM Motorcycles. Through this venture KTM has developed their own ATV and Polaris has developed Sport ATVs which utilize the KTM 525 and 450 powerplants that have seen great success on the ATV racing circuit.
In 2008, Polaris started backing H-Bomb films freestyle/race team The Bomb Squad. Alongside the Bomb Squad, Polaris also sponsors their own team, which has racers in all the GNCC, WORCS, WPSA, and ITP QuadCross series.
In Venezuela, oil generates 80% of the country's total export revenues and contributes 50% of total government income. Oil accounts for 95% (!) of government revenues in Nigeria and 76% of government revenues, and the it accounts for 60% of export revenues in Russia. It's little wonder that these countries leaders want to control this key resource and source of government revenues. Imagine if this were the fiscal scenario in the U.S. and the U.S. Congress were looking for new sources of revenues to fund social programs like Social Security or Medicaid -- isn't it likely that Congress, always fearful of hiking taxes, would, look to a great money-generator such as oil for a few extra dollars? Especially if much of the oil output were not going towards U.S. consumption, but rather was being exported, say, to China.
Of course, as a democracy and a country where property rights are inherently supported, such nationalism is rare. However, recent rising oil and gas prices have only added to geo-political instability in the world's oil- and gas-producing regions. Energy nationalism in practice can mean everything from expropriation of assets (e.g., in Bolivia, where natural gas assets have been literally taken over by government) to heavy-handed negotiations of royalties with foreign investors. The former is viewed negatively, while the latter is somewhat par for the course in developing oil and gas assets. The average government take from local oil projects, in terms of royalties, tax revenues, etc., is 60% of total revenues generated, so governments are tending to get their share.
Top Gas Exporters don't fare much better
Robin (a subsidiary of Fuji Heavy Industries, which is the owner of Subaru) develops and supplies all-terrain vehicle (ATV) and snowmobile engines for U.S.-based leisure equipment maker Polaris Industries Inc. Starting in 1995 with the Polaris Magnum 425 4-stroke atv and in 1997, with the introduction of the "twin 700" snowmobile engine Polaris started the development and production of in-house produced powerplants, know as the "Liberty" line of engines, now found in many models across their current production lines. This production makes many Polaris products 100% American made. Fuji Heavy Industries now also maintains a US based production plant, in conjunction with Polaris, so that all engines are now American Made.
In late 2005, Polaris Industries announced that it would purchase a portion of KTM Motorcycles. Through this venture KTM has developed their own ATV and Polaris has developed Sport ATVs which utilize the KTM 525 and 450 powerplants that have seen great success on the ATV racing circuit.
In 2008, Polaris started backing H-Bomb films freestyle/race team The Bomb Squad. Alongside the Bomb Squad, Polaris also sponsors their own team, which has racers in all the GNCC, WORCS, WPSA, and ITP QuadCross series.
In Venezuela, oil generates 80% of the country's total export revenues and contributes 50% of total government income. Oil accounts for 95% (!) of government revenues in Nigeria and 76% of government revenues, and the it accounts for 60% of export revenues in Russia. It's little wonder that these countries leaders want to control this key resource and source of government revenues. Imagine if this were the fiscal scenario in the U.S. and the U.S. Congress were looking for new sources of revenues to fund social programs like Social Security or Medicaid -- isn't it likely that Congress, always fearful of hiking taxes, would, look to a great money-generator such as oil for a few extra dollars? Especially if much of the oil output were not going towards U.S. consumption, but rather was being exported, say, to China.
Of course, as a democracy and a country where property rights are inherently supported, such nationalism is rare. However, recent rising oil and gas prices have only added to geo-political instability in the world's oil- and gas-producing regions. Energy nationalism in practice can mean everything from expropriation of assets (e.g., in Bolivia, where natural gas assets have been literally taken over by government) to heavy-handed negotiations of royalties with foreign investors. The former is viewed negatively, while the latter is somewhat par for the course in developing oil and gas assets. The average government take from local oil projects, in terms of royalties, tax revenues, etc., is 60% of total revenues generated, so governments are tending to get their share.
Top Gas Exporters don't fare much better
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