yaj strebor

Peter Grandich: Bullish on Oil, Uranium and Canadian Banks

I believe we should a minimum (for arguments sake, say $2.50 per gallon). Whenever the market drops below that, the customer would be charged $2.50 per gallon with the difference between market price and $2.50 to go into a trust fund exclusively for the development/enhancemen... of alternative fuel sources. It is insane to send money overseas to buy a product when the proceeds are used to fund terrorist activity, and fight jihads with anyone who does not see the light. With the huge future consumption demand in Asia looming over the horizon, it makes no sense to continue drilling holes in the bottom of the boat.

The Cheap Gas Dilemma

Wouldn't it make sense to have a minimum price for crude oil ( for the sake of argument $2.50 per Bbl)? If the market price is below $2.50, the difference could be put in a trust fund for bridge and roads infrastructure or even to grow the NPR. If mkt price goes above the benchmark, of course the market price would prevail. The petroleum industry would be able to fund long term projects without the fear of low prices during the the buildout and payout periods and the auto industry would have a better grasp of what models to make and how many to produce.

Occidental Petroleum: Stock Price Doesn't Reflect Company's Real Value

I worked for OXY for 20 years and retired in 1989. In those days Hammer ran the company. I can't remember one year that OXY earned it's dividend. It also carried (not surprisingly) a huge LTD. Dr. Irani has done a superb job with this company but he is in his seventies. Someone will eventually replace him. My worry is where are they going to find someone who understands both the oil and chemical parts of OXY, keep a strong balance sheet & profitably explore options overseas (when you look at OXY's past efforts in Ecuador, Bolivia, Venezuela, and the North Seas, not to mention domestic efforts in oil shale and geothermal, profitability is not a given). I don't know what experience Chasen brings (assuming he is the heir apparent) but, as stockholders, shouldn't we know? I don't think Hammer knew the oil business from Adam's off ox. It would be a shame to repeat that error.