Wadhamite

The Oil Business Could Be Worse (But Not Much)

All of the oil companies made money. Say the same for the auto companies? Where would you rather invest?

Good times will return. Buy low and watch the profits rise.

The Bull Case for Big Oil

Interesting to compare the price of oil with the economy; but it's not completely reliable. In summer 2008, oil hit new highs but the economy certainly didn't. Going back to the early 1970s, oil was trading at 10% of today's price but the economy in general was well above that. The direction may be indicative, but not the amount.

Regarding COP and other oil majors, I am attracted to the triple-A credit rating of XOM (Exxon Mobil) in today's shaky market and feel it should be a strong consideration in purchasing and holding shares.

Americans Forget High Oil Prices Too Quickly

I am awaiting the day when China produces and sells in the USA a $10,000 fuel-efficient small car. Does anyone really doubt that it will happen? When it does, the implications for "big oil" and "Detroit 3" should be obvious. And, in today's cheap-oil and auto-bailout scenario, there might be just enough time for America to beat the Chinese. If we lose this opportunity, it's gone for a long time.

Getting Beyond the Fear Itself

Yes, there is plenty to be said for good old-fashioned thrift. Not everyone is a credit junkie. It is good to be reminded of some sound companies that are doing fine and will continue to do so.

Still an Oil Bull, Lame or Not

Compare oil prices to the DJIA or S&P and they are still strong.

Commodities are more valuable than fiat currencies. Yes, $250 a barrel is on the way, but oil will hold its value rather than the dollar. It's hopeful but wistful thinking that my salary will rise as quickly as the "price" of oil.

Oil: The Inconvenient Truth

Where is ethanol in all this? Don't get me wrong, I'm long on XOM and respect world demand and shrinking supply. But I'm not convinced doomsday has arrived. For a price, there will be fuel. It may be less than 100% petroleum derived . . . a lot less.