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  • Is Exxon Betting on $100 Oil? [View article]
    XOM along with Total has been excellent in ROI and ROE. XOM is losing production, pumping less each quarter. clearly, XOM views Africa as long term and I agree with the other blogger who suggests long term here is 10 to 15 years out.

    It isn't bad having a Chinese partner who can legally do things with the host government you can't. Or a proven African partner like Total whose French government keeps a special and semi secret intelligence organization whose sole purpose is the French corporate colonization of former African colonies.
    Yeah, XOM is looking at the long term, alright. We just don't know who her partners are going to be yet.
    Oct 07 11:51 am |Rating: +1 0 |Link to Comment
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