Mmarrkk

Is Exxon Betting on $100 Oil?

Alan:

XOM invests for the long term. For those on Wall Street, "long term" means something more than 1 or 2 quarters out!! Just wanted to make sure you knew that. XOM is looking 5-10 years out. Oil >$100 in 2015-2020: almost a dead-certain cinch!

While you talk about political risk in Ghana, the current U.S. Congress and Administration make investing in the U.S. much more risky. For example: at their whim, the Congress is talking about completely changing the tax rules for only the major oil companies. We have that blubbering idiot Sen. Markey wanting to re-write contracts with companies just because prices are high and Congress wants to! Thanks, Supreme Court, for reminding him that when you sign a contract, you adhere to the terms on that contract!! Investing in capital projects in the U.S. carries an ever increasing amount of risk due to a) overwhelming budget deficits, b) nothing on the horizon that shows our government will do anything about spending c) in fact, rapid rises in social giveaways and increased government control and spending d) the desire to change tax law to continue to soak the successful e) the desire to change tax law to discriminately tax single industries or companies deemed as not "politically correct".

Sorry, I vote with XOM over the next ten years! They have more money in the bank than most banks have in the banks! And have proven management, not like our political leaders who are only proven as failures.

Houston to Obama: Smell the Oil

Jack Gordon: you are right; My Republicans are spending like drunken sailors. Unfortunately, if you listen to what the Annointed One is promising to do, he will spend MORE! Nationalized healthcare, carbon taxes, or cap and trade, more $1000 checks/bribes to get people to vote for him, the list goes on and on. He has not met a group of people yet that he hasn't promised something to that will cost other people money. Except for those who supply 90% of the tax revenue. Those SOB's are going to get soaked! But the 50% of the country supplying little-to-no tax revenue, he promises to give them lots of goodies! How could he not win the election? over 50% of the voters pay little or no tax. He promises to give them lots of money. It cost them nothing so they say "heck yeah, I'll vote for that guy. He's giving me something for nothing." Now the guys who have to pay for it (that's me and probably you) have no choice. They are in the minority, they will get outvoted by the takers and the law requires they give up their hard earned money for redistribution to the takers.

Put a little weight on the guy, teach him spanish and he's a dead ringer for Hugo Chavez!

Houston to Obama: Smell the Oil

Please don't mistake my quote of the "Redistribution" comment as my support for same. In fact, I am in violent opposition to redistribution and I think eventually it may take a violent opposition to get the government's hands out of my pocket. With an Annointed One's election, I fear a tax revolt may be the only option. Hence his opposition to the Second Amendment and our right to bear arms. You don't put in place policies like he is eschewing and spewing without an armed military to back them up. Just ask Hugo!

Houston to Obama: Smell the Oil

CT: we agree on many things. However, your view that the tax cuts were not a good idea is where we diverge. With expenditure cuts, the tax cuts would have been a great idea and I still think they are a good idea. Look at the revenue...our tax revenue has continued to soar well beyond the rate of inflation. How can that be? we cut taxes so why is revenue continuing to go up? we need to limit gov't revenue growth to something around the GDP growth rate. or inflation.

Now you say you won't vote for McCain...that basically says you will vote for the Chose/Annointed One. either directly or indirectly. So I guess you approve of a massive increase in spending, even beyond what's happened during GW's watch? His new medical plan; his other give aways. And guess what, he won't be pulling the plug on Iraq...that money will continue to go there one way or another.

Look for an even greater share of your money going to the governtment to use on a highly ineffecient set of programs. Congrat's. If you don't mind that then why not just write a big extra check to the gov't on your own. Donate.

Houston to Obama: Smell the Oil

CT: "One of the roles of government is to re-distribute wealth"...man my copy of the Constitution must have gotten messed up. I can't find that in there anywhere. Yes, we have a tax and over the years, the Great Society and other giveaways have become progressive taxes. I believe we are a lot closer to socialism than you believe...when over 25% of everything I make is taken away from me and squandered? And at this point, 33% of every new dollar I make is taken away? I don't mind paying for the military and I wish I were paying to keep our borders protected/secured but that's another big kettle of fish. But give-aways these goofy stimulus checks, welfare, etc. is just stealing my money and giving it away. I would prefer that I be allowed to choose where I donate my money and that those who get it show just a little bit of gratitude. And that they would have to work for it!

Houston to Obama: Smell the Oil

Oooohhh...mixter...ano... racist!!! The Annointed One will find you!!

Houston to Obama: Smell the Oil

bmes...a startup would struggle to build a deepwater drilling rig...the complexity involved as well as the total cost is staggering. Would you say a start-up could build a new fighter jet?? Well, that's the technological scale of a deepwater drilling rig. Be realistic.

User239762...you speak badly of the Annointed One...you must be a racist!! Ha Ha...tongue planted firmly in cheek.