rbblum

World Oil Snapshot: Big Picture and Investable Advice

Oil men don't give a damn whether the billions they pay in royalties and taxes are wasted.

Perhaps . . . but oil men of the United States are also not going to be caught flat-footed and have the real possibility of revised US tax laws and regulations wantonly rape and pillage their bank accounts either. Already relocating to Zug, Switzerland has been Noble Corp, Transocean, Foster Wheeler and Weatherford International. And as the national deficit climbs to a more unsustainable level coupled with the value of the US dollar drifting lower, time will determine whether the class warfare in America continues and the companies of the oil energy sector will be huge targets of our current administration and congress; thus, increasing the incentive to move on . . . from US shores to a friendlier territory.