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Energy firms (XLE -3%) take a beating as they expect to see more regulation in Pres....

Energy firms (XLE -3%) take a beating as they expect to see more regulation in Pres. Obama‘s second term, with less access to federal lands and water; it's likely to add costs to explorers and producers. But Forbes says Obama may not hate Big Oil as much as Big Oil thinks he does; WTI crude gained ~$30 in four years, so maybe the industry didn’t do too badly in the first term.
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  • PalmDesertRat
    , contributor
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    bot some xle today at 69.72
    12 Nov 2012, 09:44 AM Reply Like
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