Chandler Lutz

A Tale of Two Industries

I have to say, that the decrease in capital expenditures for the oil companies is quite troubling from both a political and shareholder point of view. Maybe the government should work on ways to encourage oil companies to increase exploration such as opening the gulf or windfall taxes on companies with decreasing capital expenditures...Also, I'm bearish on the major oil companies in the short run regardless of the political situation. After all, with falling prices and falling production may mean falling profits.