sharksm

Not Calling Crude Oil Prices a Bubble For Now

We don't need wind energy. Just harness all the hot air coming out of the Politicians and our energy problem is solved. Until that happens, I will be long CHK, XTO, COP, XOM, EP, WMB, HAL, SLB, NE, NBR, PDC, PDS, etc. etc

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

An Alternative to America’s Gasoline Crisis

The fact of the matter is that there are 200,000,000 conventional cars in the U.S. that run on Gasoline and the owners cannot afford to junk them in favor of hydrogen, electric or other forms of power. What they must have is gasoline at lower prices. This will never happen, with this Congress and if Obama gets elected. More drilling and production and refining is necessary , and as long as the Democratic party is in the pocket of the pseudo greens, people betterv get used to $4.00 and $5.00 gas, just like the rest of the world has. France gets 90% of it's electricity from nuclear power, while we get 10%. Our cheapest form of power generation is coal, which we have huge quantitites of, but the Democrats hate coal as well as any other fossil fuel. They talk about wind and solar, which is all well and good, but anyone that figures a way to run a car with either of those will win a real Nobel prize, not the political joke Al Gore walked away with. Al Gore, with all his bullshit, perdsonally uses more energy than most small towns and more gasoline in his limo's and private plains than a fleet of cabs. I'm a twice wounded Korean War Vet, whose father was wounded in World War I and is turning in his grave seeing what America's youth has turned into. The Greatest Generation , that went to war gladly in 1941n when we are attacked at Pearl Harbor no longer exists. Our youth has turned into a bunch of self centered, spoiled sissys, that would no more defend this country than they would voluntarily give up their S.U.V.'s. They have about as much knowledge of economics as a sludge and think Obama's ideas of taking that from those who earned it and giving it to those who haven't is great. What a country!

Oil Majors' Divergence from Crude at Record

These morons who want to end "speculation" and "hedging" and buying "futures" are too dumb to realize that oil is commodity traded world wide. Speculators and hedgies can buy and sell on the London or other exchanges, whereas eliminating such activity here will have no effect on priceds, demand or supply. The Congress is the problem, not the solution to high energy prices. To tell OPEC to up their production while refusing any more production increases here in the U.S. is idiotic and just typical of the hacks we send to Congress election after election. The people who blindly continue to vote for their Congressional Reps and Senators who refuse to allow more drilling for oil deserve $8.00 gasoline, not $4.00. And they will get it, should Obama get elected.

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.

Nationalizing Oil: Well-Intentioned, But Wrong

If you want to know how efficient Government is, just look at OTB (Off Track Betting) in New York. It's the only time in recorded history that bookmakers actually LOSE money!!!!!!!!!!

Nationalizing Oil: Well-Intentioned, But Wrong

If you think Maxine Waters is clueless, spend a little time listening to Obama. He makes her sound like a P.H.D.

Nationalizing Oil: Well-Intentioned, But Wrong

Maxine Walters is a well known idiot and probably one of the least intelligent in Congress, which is saying a lot. In a group made of the most mediocre "executives" in the world, she shines as the worst. The fact that the American people continue to re-elect such morons to Government never ceases to amaze me. The older I get, the more demoralized I become about our Political situation. Having to vote for the least "worst" of the candidates election after election makes one wonder if we wouldn't be better off with a benevolent, but intelligent dictator.