kernelpanic

http://news.yahoo.com/s/ap/earns_exx...kxBHNlYwN0bQ--


I should have bought back in the first quarter last year, but I talked myself out of it



The horribly outdated stock photo is funny, though

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kernelpanic

Quarterly revenue ballooned to $99.66 billion from $83.37 billion a year ago but came in shy of the $100.72 billion Exxon posted in the third quarter, which was the first time a U.S. public company generated more than $100 billion in sales in a single quarter.

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sfera

yep you really cant lose in oil since the gov will allow them to do what they want pretty much. however its too hight to buy into now, i would wait till u can get it at sale

stickyfingerz

Why should the government regulate the prices? I thought we lived in a free market. The market should regulate the prices. If the prices goto high people will stop buying as much gas, and driving less. That will result in lower prices.

kernelpanic

Yeah, there is no way I'm going to buy in now, given the massive exposure the oil sector is getting among the mainstream investing population. Once some of the hype goes away, in a few months, then I'll probably buy. I can't forsee anything that is going to get in the way of ever higher future profits, at least not in the next few years (except for possibly the 2008 election)

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kernelpanic

And more alternatives.


Oil is still one of the cheapest forms of energy around. People will move to alternatives once they become cheaper over the life of the car as compared to gasoline-driven models, and that time will come within the next decade, as alternatives become competitive in both power and cost.

As for electrical generation, oil is going to be critically important for at least another decade, and possibly longer once oil shale and oil sand extraction methods become sufficiently advanced to be price competitive with drilling methods.

Oil as a source of home heat is not going anywhere for a long, long time, among those who currently use it.



The last thing we need is for some idealistic politician to interfere with market forces and force movement to alternatives, ahead of the time at which it would be economically feasable to do so.

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Ace_luffy

few company more profitable without thinking the massive headache of the masses, gov more blind for some few except of political issue and stability

they all shits!!!

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