sharksm

Can Big Oil Balance Shareholder Interest Against National Interest?

You play the blame game. If the cost of producing oil has gone up, it must be some sort of conspiracy. The facts are that easy to find oil is gone and Asia is sucking up all excess supply for their rapidly expanding economies. XOM is no responsible for the price of oil than you or I. Oil is traded on a world wide basis, and those who blame "speculation" and say control futures traders, would find themselves laughed at by the traders in Hong Kong, England and Europe. This country has already regulated business to the point where it is far more reasonable to establish a new business overseas. Your view is the typical Liberal view that someone else is responsible for the world's ills. When we have politicians who insist Saudi Arabia produce more oil, when they refuse to allow more production off shore, in the Rockies or in Alaska, they should look in a mirror when they blame others for the high cost of oil. When they say, "well, it will take five years to get production from Anwar", it's the same thing they said ten years ago. XOM is no more responsible for $4.00 gasoline than I am for some poverty stricken bum who wants to sit on his ass and get supported by some Government program, that we taxpayers have to pay for. Only in America, I cannot be forced to support my own adult children, but can be forced through my taxes to support the children of some illegal alien. With guys like you, what a country!

Can Big Oil Balance Shareholder Interest Against National Interest?

I see no reason why an oil producer is responsible to find a product that will put them out of business. That sort of technology is best solved by private Industry. Oil companies have no more moral responsibility to the public than the food industry which charges high prices for foodstuffs and has higher margins than XOM or CVX. The oil companies sole responsibility is to their stockholders, not "some over all good" which is a socialist concept.

20 Guidelines for the Individual Investor

About the only think he forgot to say is "don't buy after they go chapter 11"

20 Guidelines for the Individual Investor

Just about the most useless example of advice I have had the misfortune to read. Filled with generalizations and names that have already have had good run. Advising to sell when an insider sells stock in most cases is not as meaningful as who the Insider is and how his annual pay is computed. Watching a CEO & Management buy is far more bullish than watching a director sell. Adice such as seal at a "peak" ridiculous, unless you have a ouija board, to tell you what the peak is. Successful Investors do not sell winners, but losers and let the winners run. I have a position in PM, MO & KFT that started 30 years ago with 1,000 shares and now is 20,000 MO, 20,000 PM & 13,000 KFT. When should I have sold? My dividends amount to over $75,000 a year, twive what I paid for the original position. What "peak" would he have had me sell at? I did the same with PG, JNJ, XOM, etc

Reasons to Love 3-Digit Oil

Nerf: What's your point? I'm not arguing against more fuel efficient cars , hydrogen cars, etc., etc. I'm merely stating that COP, XOM, CVX, etc are oil and natural gas companies. It's not their responsibility to develop anything other than more oil and natural gas. I suggest all the gasbags in Congress who are asking for alternative energy, raise a few billion dollars and form their own company. I have been invested in energy since it was $12 bbl and nat. gas $1.75 mcf. It's not my responsibility to help out the morons in congress who want more oil at cheaper prices and refuse to allow drilling.

Reasons to Love 3-Digit Oil

Trying to make XOM, COP, CVX, etc responsible for developing alternatve energy sources is crazy. They are in the oil and natural gas business and no corporation should be forced to use it's profits to develop a technology that will put itself out of business. Of all the hot air coming from the morons in Congress could be harnessed, the energy problem would be solved. All this talk about alternative energy isn't going to solve the problem of the 200 million conventional gasoline fueled cars on the road. The Politicians seem to believe that the average American should simply trash his car and spend $45,000 on a new electric or some other "alt. energy" vehicle. As the elitists that they are, they can't pit themselves in the place of the average American. If Obama gets elected, with his friends running Congress, we better get used to $5.00 or $6.00 gas. For the U.S. to blame OPEC for not producing enough oil, when we ourselves refuse to do so is idiotic.