i fail to see how all this negative sentiment around bp is going to affect the other energy players, yet they're all taking a hit. I figured it was a decent time to dabble in one of them. XOM also looks tasty but I opted for royal dutch instead.
costco is just a safe play I hope to grow over time
Thinking about jumping on rimm soon. but not yet
To remove first post, remove entire topic.
cost and rds/b
i fail to see how all this negative sentiment around bp is going to affect the other energy players, yet they're all taking a hit. I figured it was a decent time to dabble in one of them. XOM also looks tasty but I opted for royal dutch instead.
costco is just a safe play I hope to grow over time
Chanos is rumored to be actually shorting XOM...at least heavily implying he is. Rumor is just that, and he has outlined some interesting reasons for the short, but still...
I think the oils are in a very difficult bind. They make money, they are demonized by a hypocritical American public that swills oil and yet has no clue where it comes from or why.Major integrated oils are being shut out of replacement venues by nations.
Given the nature of the current administration, I could easily imagine for example any real boom in XOM profits as a bogus but highly popular excuse for a windfall profits tax...
But then that is the price you pay for not having an energy policy since 1973. Or a price of having am ignorant public 26% of which have no clue from what country the US declared independence .
Chanos is rumored to be actually shorting XOM...at least heavily implying he is. Rumor is just that, and he has outlined some interesting reasons for the short, but still...
I think the oils are in a very difficult bind. They make money, they are demonized by a hypocritical American public that swills oil and yet has no clue where it comes from or why.Major integrated oils are being shut out of replacement venues by nations.
Given the nature of the current administration, I could easily imagine for example any real boom in XOM profits as a bogus but highly popular excuse for a windfall profits tax...
But then that is the price you pay for not having an energy policy since 1973. Or a price of having am ignorant public 26% of which have no clue from what country the US declared independence .
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