It rose two centavos. That's 3/100 of one percent.
Never mind OIL even NATURAL GAS Is tanking !! Excess Return (UGAZ) 11.64 -0.44 -3.60
Weald of Swabia
Bankrupting the Oil Industry and OPEC
Germany has evolved from decentralised to centralised government over the past 400 years, allowing politics to dictate the path of technological, industrial and social development: A professional bureaucracy was developed which systematised collection and analysis of information and rationalised taxation by increasingly focusing it on wealthier persons; educating students with low and high ability in separate schools has maximised outcomes; state-funded institutes and universities enabled pioneering work in quantum theory and development of quantum mechanically based technological centres; government-owned railways and state-led research consortia promote coordination; Green land policies and high land prices have ensured that 99% of living space is occupied by Europids, providing an equally effective limit on birth rates of culturally dubious groups; the Energiewende will make oil obsolete and improve community hygiene. Since 1960, state subsidies have achieved supremacy in plasma reactors, diamond tools, ion beams, nano stepper motors, producing optical fibres, crystal machining and lasers: German organisations now supply more than half of all lasers. High-to-low thermal flux plasma systems reduce the tonnage of chemicals needed to process yarn, textiles, hides and three-dimensional metallic, plastic, silicate and wooden components, and energy and labour demand therefrom, by more than 99%. Supremacy in chemical manufacturing technologies and electron-, ion-, plasma- and laser-based production aids deployment of solar cells, fuel cells, batteries, supercapacitors, energy-efficient lighting systems and power electronics. As direct current displaces alternating current in high-rent buildings and then systemwide, energy demand will decline. Production technologies for micro- and nanostructured ceramics and organic frameworks, such as nano grinding mills, plasma systems and kilns, decrease battery recharging times by an order of magnitude, nearly triple ranges of electric cars and enable increases in combat power and fuel efficiency. Technological supremacy has enabled $4,7 trillion in trade surpluses and the accumulation of vast foreign assets.
Operation Paperclip enabled American leadership before 1990 but since then Germany has surpassed the US. The high-temperature electronics and sensors the US military subsidised in the 1980s, which were commercialised in the 1990s, reduced oil production costs and collapsed prices; the next-generation devices, which have been developed exclusively by Germany, will bankrupt most oil producers. Nanoengineered ultra-high-temperature sensors will improve energy efficiency and performance of jet engines, metallurgical works and power plants. Optimised combustion systems and nanoengineered bearings, coatings and superalloys will reduce the tonnage of coal burned per power output and demand for oil and gas. Concurrent with the escalating wars in the Middle East, state subsidies enabled deployment of dry-adhesive robotic gripping systems that rival nature's highest standards. Plasma reactors for manufacturing nanofunctionally stratified magnetoresistive integrated circuits will improve the functionality of robots. Carbon-nanotube production technology enables deployment of robotic skin with sensors for detecting human auras. Green radar subsidies have funded three-dimensional (3-D) satellite mapping and robotic inspection systems. German dominance in nanostructured polymer- and glass-based optics, nonlinear crystals, infrared and diamond optics, massively-parallel laser imaging systems, light detection and ranging and hyperspectral, terahertz, X-ray, night vision and 3-D cameras is decisive. Production technology for fabricating gradational-refractive-index metamaterials enables manufacturing of tactical invisibility cloaks and long-pulse-duration optics for "Turbolasers", facilitating automation and increases in combat power. Laser, camera, radar, electric sensor, magnetic sensor and dry-adhesive gripping systems facilitate deployment of industrial and military robots, enable automated ultra-precise inspection of components and reduce recycling costs, demand for raw materials and oil demand. Nanotechnologically optimised, durable and low-maintenance food processing surfaces facilitate replacement of energy- and labour-intensive systems with robots. Microchannel reactors increase energy efficiency and production rates in drug manufacturing, facilitating replacement of workers with robots. Robotic, laser and plasma systems, multi- and high-frequency furnaces and nanotechnologically optimised bioreactors reduce the energy, labour and material costs of manufacturing carbon yarn, glass fibres and synthetic silk thread, of machining dies, moulds, machine elements and large polymer composite components and of producing apparel, automotive textiles, automobiles, aircraft, rolling stock and ships. Reductions in densities of materials and sizes of machines enable greater industrial energy efficiency, precision and economies of speed. High-performance radio-frequency identification systems enable more intensive mechanisation of factories and displace low-wage jobs at hotels, office buildings and warehouses. Robotic systems will reduce demand for manual labour in Europe, the US and Japan, imports from the Third World, employment and birth rates of immigrants from and residents of the Third World and usage of oil, gas and petrochemicals.
I can't believe this is happening to XOM! Absolutely no reason. The market is truly fixed
I've seen this before, some one major is liquidating, this might take awhile. Weeks for sure
The last time XOM did something like this it blew up. google awe-som*sto-cks - they offer pretty good trade alerrts. you dont have to trade their tickers but it definetly helps you recognize possible patterns for stocks you're trading.
Rex is sure as #@$%! doing a GREAT job for his old buds, while working for President BOING-G-G, ain't he ? XOM headed to the 60's...
Exxon WILL go bankrupt. Not this year or nest, but by 2020. Oil is a thing of the past. Exxon has ruined the planet. Oil is highly toxic. TOXIC!!! It kills everything. Men, women, children, animals, insects, bacteria, fungus... EVERYTHING. And it will kill you.
I expect this to get thrown off the Valueline Dividend Portfolio.
Xom vs Cvx I think an investment decision boils down to where you think oil prices are going in the near future. We need to understand that xom is a buyer of crude to run their refineries and chemical plants. Cvx is geared toward upstream growth of production. On the financial front, I feel xom is in a much better position than Cvx. The dividend for xom is much safer than the dividend for cvx. Xom is weaker than I have seen in two decades. Tillerson made two mistakes during his time at the company. The xto acquisition was not timely, and they could have bought at much lower prices. Although xom positioned themselves as the go to company for Russia to develop their reserves, geopolitics shut that huge upside for xom down. Their are no guarantees that relationship would have ended well for xom, even if they had continued the work. Putin is glad to do business with you as long as their are no over budget problems. Ask rds-b about doing business with him.
Crude Oil 47.55 -1.27 (-2.60%) Electric cars are coming fast and oil demand is falling fast and fed hiking rates is not going to help this situation ! Plus they tell me XOM has much higher oil percentage of revenues and reserves than natural gas is this true ?
Top Fed official tells AP: Bond portfolio could shrink soon
A top Federal Reserve official suggested Monday that the Fed will likely announce next month that it will begin paring its bond portfolio — a step that could lead to slightly higher rates on mortgages ...
Sector rotation soon. Energy will be up and financials down. Long XOM and short TBK (stock offering with low volume will hit market soon likely causing massive stock decline for TBK)
shouldn't oil go UP, when there are huge international problems...i.e. NORTH KOREA??
whooz yor daddy
Tomorrow is ex-divy date. 0.77 payable 9/11
GE just hit a new 52 week low and XOM is near the same situation ! hmmmmmmmmmmmm
All GE fault oil price went down.
according to xom press release x-div is after the close on 8/14. yahoo said its at 8/10. we will see which is correct.