Omaha_farm_boy

Transocean: An Opportunity in Falling Oil

Interesting. Boone Pickens was here in Nebr. today -- pimping his project, of course. BUT ... look / Google for an article in the NYTimes on Peak oil. No politics even -- and yeah, it WAS the NYT! Just Google this phrase "oil production has begun falling at all of the major western oil companies" ... to find the sources.

BUT it makes the point that the "Big Seven" traded oils (XOM, COP, TOT, CVX, etc) control only 13% -- the rest is held by the "Nationals" like PeMex.

MY point is that even the Nationals are gonna need help -- RIG is making deals with PetroBras NOW ... and I'll wager they will with PeMex too. OFB