k45

Low Oil Prices Kill Energy Investment

Government manipulation of markets is inefficient and almost always wasteful and destructive. Look at the mess with the ethanol/corn fiasco.

If an industry cannot exist without government manipulation, then it should not exist.

The only thing worse than incompetent corporate management is letting politicians (almost all with no real world experience) manipulate the real world.

Still Considering Oil

"Investing in oil"? I think you mean "speculating". If you really mean ***investing***, then invest in a quality company and hold it long term. I've held Exxon stock since 1993. That's investing, not speculating.

Whither Canada's Tar Sands?

Alternate energy is good, as long as it is done intelligently and not like the ethanol boondoggle/scam. There is too little quality with alternative energy and too much wasted time and money.

Whither Canada's Tar Sands?

I remember when the tar sands required $40/barrel to break even. What happened to double that? Excessive growth?

Exxon has been criticized for being slow to increase spending for exploration. They are a wise company, they read the bubble.

But I think you also touched on why it is important for the U.S. to work on "energy independece". Each time we do so (remember the shale oil development in the 70's?), the global price of oil comes down to kill it off. Coincidence, or cause and effect?