oil baron

Want to Profit from Sky-High Oil? Avoid the Majors

Exxon alone has 275 billion in treasury stock and cash and can probably acquire most if not all of the second tier independents.
Redbaron is on target with majors reserves heading south sooner or later (I think sooner) they will come a calling for names such as chk,dvn,apa,hk to name a few.
It is much more important for these majors to book reserves whether through the drill bit or by acquisition than what they pay for these reserves. When was the last time we heard of a major's large discovery other that Chevron? 5yrs ago, 10yrs ago?