I have 1600 shares of XOM and buying more. Also CVX. BP, COP, some other producers and refiners. Spent years in the oil business. Public opinion can be and usually is WRONG. I nominate you for membership in the Flat Earth Society, which as you may know was also "Accepted Science" at one time in the past. I never saw or heard of anyone else ever seeing a fossil in any crude, except for La Brea, where animals fell into the oil and drowned. Oil could well be abiotic. FYI, good management plans for a range of probable events that might occur within some reasonable time frame. Not forever!
It's been a while since I studied geology, but I recall hearing that the mass of the Earth was increasing from extra-terrestrial sources including the Sun.
Mark Levin opened his show tonight declaring that if the Constitution were still relevant and the republic were still in place, Obama would be impeached over this Iran deal.
He also played clips from the hearing today with Kerry in the hot seat, saying how absolutely astonished he was that Kerry hasn’t even read these side deals with Iran. He says this administration doesn’t even care enough to read these side deals when so much is at stake. He called them the keystone cops!
Read more: http://therightscoop.com/mark-levin-on-iran-hearing-i-am-sitting-here-in-absolute-astonishment/#ixzz3hKsGyqR2
Supply of Crude running out???? More oil discovered EVERY DAY! Are you still reading newspapers from 10 years ago on peak oil? Your beliefs are OBSOLETE.
I hope that XOM buys back lots of shares. XOM has reduced the number of shares outstanding by 20% in the last few years. At some point XOM might go private again and those who still own shares will make a major killing.
The U.S. Department of Justice announced plans to investigate the group that produced undercover videos showing Planned Parenthood employees admitting that they harvest and sell organs ripped from the bodies aborted babies. Politico reported the news of the coming DOJ investigation earlier today:
JUSTICE TO PROBE CENTER FOR MEDICAL PROGRESS — While congressional committees investigate Planned Parenthood’s practices, the Justice Department agreed to look into whether the group that released the sting videos obtained the footage legally. In response to a request by House Democrats, Attorney General Loretta Lynch said Wednesday afternoon that Justice would “review all of the information and determine what the appropriate steps moving forward would be.” Planned Parenthood has staunchly defended its practices and claims that the Center for Medical Progress illegally obtained its footage, then excessively edited it to misrepresent what the organization does.
The DOJ investigation of the Center for Medical Progress, which, unlike Planned Parenthood, is not in the business of killing healthy, viable unborn babies in order to sell their organs for cash, was announced after several Democratic lawmakers called for the organization to be targeted:
Four Democrats in Congress — Reps. Jan Schakowsky, Zoe Lofgren, Jerry Nadler, and Yvette Clarke — have written to Attorney General Loretta Lynch and California Attorney General Kamala Harris, asking them to open investigations into the Center for Medical Progress. The Democrats say the videos were filmed as part of an “elaborate scheme” — using “fake identification” and without the approval of the Planned Parenthood doctor who appears in them.
Samuel, you are trapped into thinking of oil used as fuel only. About 1/3 of the oil is used for fuel, the other 2/3rds is used to make a huge array of other products. There is another posting on this board of a partial list of products that REQUIRE petroleum to make or build. Get away from the silly talk that Environmentalists are pushing. They have no more knowledge than you do, and we see what you have.
Nonsense, buying up producers on the cheap then allowing the oil price to rise again. XOM produces only a small percentage of what it refines and distributes. Input costs go down, but profit margins increase. XOM wins both ways.
Add Pet Coke, Ink Oil, solvents, asphalt for roads and roofing, Bunker C, WW kerosene to cure tobacco.
Big Oil has lots of cash to buy up overextended producers on the cheap. XOM and CVX will be bigger and stronger after this temporary event.
Inspectors General ask for criminal investigation on Hellery. Would Obama dare to allow a real investigation? Dirty Hands says NO!
Urban Democrats are on WELFARE. And both hate anybody whiter than they are.
Kerry did exactly what Oshit wanted, he Unconditional Surrendered