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  • The cost structure at big oil companies has grown dramatically, Jim Chanos says, with the cost of finding a marginal barrel "up and rising - a very, very negative trend." Singling out Exxon Mobil (XOM -0.8%), "it’s still not generating enough cash to cover all its cash needs," he says. "There’s a reason the stock has lagged despite its being the bluest of blue chips."  [View news story]
    Ok, first, Chanos is a famous bear on on oil. He will pick on ANY little thing to prove his point, which he doesn't, but the point is, I'm chuckling at this. Here sits one of the FEW remaining fiscally sound remaining companies on our economic planet, and Chanos wants us to believe that because the costs of its product increase they will not be able to get a profitable price point on sales? This is only because he does not value that sales price point because he is bearish on oil! Let me be clear: if ANY...ANY company on the face of this planet can steward their solvency through rough waters, it is ExxonMobil. Period. If they cannot, then we as a planet of people are not long for this world. But these current waters are not even rough, except to Chanos' wishful thinking.

    How low must he feel he has to go to send out cheap shots, HOPING to disrupt trust in a proven guardian of investment. It is as if nothing else troubling or traumatic ever happened to this company between now and the 1920's. The only way Chanos will be made happy is if XOM suddenly changed its BOD and filled it with the likes of the jerks who pilfered Wall Street. This company is very different and always has been. And that is what irks Chanos so much.
    Oct 18 03:59 PM | Likes Like |Link to Comment
  • 6 Stocks For The Coming Civil War [View article]
    Wow, talk some more like that and it might be a great propoganda tool for electing Romney!

    "Start thinking like a Mormon and hunker down. Vote for Romney, who'll be thinking like you."

    Or something similar...
    Oct 10 04:12 PM | Likes Like |Link to Comment
  • 6 Stocks For The Coming Civil War [View article]
    Sorry for that duplicate post about turning in gold. I do not think it would be Obama doing it, but after him. At least it would mean there would still be some kind of market for gold. You cannot burn it, eat it or barter it realistically. I just think gold is one of those old-thinking commodities that may not have the *Red Dawn* value it once did in an apocalyptic world.
    Oct 10 04:09 PM | Likes Like |Link to Comment
  • 6 Stocks For The Coming Civil War [View article]
    Great article, Larry. Just one question:

    Concerning Gold, what if Obama (or his successor) pulls an FDR and demands that all Americans turn in their gold? It happened before and it can happen again...
    Oct 9 06:32 PM | Likes Like |Link to Comment
  • Is Apple a Better Investment Than Exxon? [View article]
    Just a thought here. Aside from market cap, the only other thing these two have in common is Choice of Political Correctness (the elephant in the room). If you like feeling all warm and fuzzy about the planet, if you have to have the cool investment to save face with your family and friends, you are gonna run screaming from XOM and jump right into Apple's arms. What does XOM have to offer to those who think these things matter? It's like Apple is Obama and XOM is McCain and it's 2008 again. The COOL factor, whether there is anything behind the facade or not. For those who don't think these kinds of thoughts enter an investor's mind (not every investor by a long shot is a serious pragmatic one), then you probably voted for that Hope and Change...
    Aug 12 03:03 PM | Likes Like |Link to Comment
  • Covanta's Modern Day Alchemy: Turning Trash Into Profits [View article]
    Could this company be a takeover target by WM? Thanks.
    Aug 11 01:42 AM | Likes Like |Link to Comment
  • Why I Love/Hate the Oil Companies [View instapost]
    Awesome post. You, sir, "get it". Thanks for writing this.
    Aug 9 10:12 PM | Likes Like |Link to Comment
  • All Democrats.. There is a financial way out ! [View instapost]
    You are too funny, but in a big bite way. Kudos! :-))))
    Aug 9 08:53 PM | Likes Like |Link to Comment
  • The Green thing and the modern truth [View instapost]
    Love it!
    Aug 9 08:12 PM | Likes Like |Link to Comment
  • The True Cost of an Education [View instapost]
    Right on, dude! That's what my husband and I and our darling daughter did for her college and we are all glad. She went her first year to the local junior college, groaning all the way. We had to really hard-sell the student loan risks, because all her friends kept telling her that was her way out to a big 4-year school. We let her go off the second year provided she work and contribute to her costs and no loans. She stayed her soph year in a dorm, then wanted an apt., got roomies, and worked more. Cut to chase: 4 years, on time, degree in hand and hat tossed skyward, one unpaid internshio and one paid internship where she WAS hired permanently, thus becoming one of the 2% of the 2010 grads who got jobs in their field. Best of all? She often thanks us from the bottom of her heart that she does not have one cent of loans to repay, and has said it might be the gift of her life, particularly when she listens to her many friends who are sucked underground by theirs.
    Aug 9 08:01 PM | Likes Like |Link to Comment
  • Despite Historically Low Interest Rates, Demand for Mortgages Is Waning [View article]
    My husband and I tried to refinance. We are a dream client, but the lenders' stubborn insistance on forcing us to carry the insurance and taxes in the monthly payment when we had not done that for 10 years and owe only 50% of our home's deflated value, had us telling them no thank you.
    Aug 9 06:50 PM | Likes Like |Link to Comment
  • Cramer's 'Buy' List to Ride Out the Storm [View article]
    You know, I'm really sick and tired of Chevron being a parasite value of XOM. I cannot wait for Chevron to get out of the refining biz and go explore itself to oblivion. I'm equally tired of blowhards like Cramer always dissing XOM any way they can.
    Aug 8 03:46 PM | Likes Like |Link to Comment
  • Cramer's Stop Trading! The Exxon of Coal (1/31/11) [View article]
    Just watch and see Jeffrey "U Just Thought I Was For Green Energy" Immelt fight in his new Jobs job to get Keystone XL pipeline phase III approved to move Canadian crude down to XOM's Beaumont Tx port for export to Europe and beyond.....then watch to see if Cramer eats his words and quits dissing XOM over trivial b.s. Unfolding this spring as the world's crisis events cooperate beautifully...

    Just hide and watch....

    Coal who?
    Feb 1 10:09 AM | 2 Likes Like |Link to Comment
  • The End of America? Not Quite [View article]
    Tim, I get your point here and I hope to God you are correct. However, I do wish you had stayed away from the charts tracking the change in the so-called luxury items and here's why: Moore's Law as applied to non-essential consumer goods doesn't work with food and energy and shelter (the stuff we have to buy in order to live day to day). While I am well aware that some would say their iphone is every bit as necessary as bread and energy, I'm trusting you know what I mean. And I think you proved that overall, we'll still be able to buy the basics. If Glen Beck is wrong, that is, lol, and food doesn't sharply rise in price over the next 1-5 years (food storage, anyone?) Okay, just a little joke....Peace out. xoxo
    Jan 25 03:37 AM | Likes Like |Link to Comment
  • 10 Pair Trades for 2011: Hedging and Managing Risk in Dangerous Markets [View article]
    The helium comment isn't very funny (XOM should be getting kudos for diversifying) and by the way, there is no "e" on ExxonMobil.....cheers.
    Jan 25 12:32 AM | Likes Like |Link to Comment