NanO49

Big Oil: Dark Skies Ahead?

Did I miss the point here? A couple of years ago when oil was still in the $40 range, the oil companies were a pretty fair investment, slow-growth, but paying divi's. After a year of record oil prices and a return to previous levels, why "hard choices?" When you make less, you spend less -- DUH! There will continue to be expenditures for exploration but bonues and high dividends must go!