satch63

Why Cheap Oil is Great for the Majors

Your understanding of BP-TNK issue shows how little you understand about the issue.
If you were assigned by BP your bonus and living package was soi in excess of other TNK employees it became an issue.
The out going President was so pro BP anti TNKBP it is no question he was causing the company problems.

The Market's View on Oil

Everything that goes up may come down. The idea that oil will come to $60 per barrel misses some factors. Normally and historically as oil prices come off historic highs oil consumption increase. The current prices have slowed consumption but it will come back as the warm season closes and the games in Beijing come to an end.