scott146

Oil and Gas Drilling: The Price is Right But The Industry's in Trouble

A logical explanation for lack of investment in exploration by oil majors lies in the idea that 80% of the world is controlled by state oil companies and is, therefore, unavailable for competitive investment and drilling. Since future oil finds are likely to be controlled by state companies, oil majors could reasonably either return capital to shareholders through dividends, or alternatively focusing on refining; purchasing crude at market prices and relying on the crack spread for profits.

Oil Trading Volume Surge: Desperation Of The Roaches

Interesting information I personally wasn't aware of...thanks for giving us some info the mainstream press ignores...

Oil's Slippery Slope: Why Crude and Oil Stocks May Be Headed Down, Fast

I agree 100% with this analysis. Thanks for pointing out a number of facts that are being largely ignored these days.

Scott