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Countdown to $100 oil (39) - BigOil running out of oil
|
24
comments (24 topical, editorial, 0 hidden)
The money quote
(
4.00 / 2
)
"Big Oil is effectively telling the market that it thinks its shareholders can use their money more profitably in other sectors of the economy."
It's a profit warning going long.
You can't be me, I'm taken
by
Sven Triloqvist
on
Tue May 8th, 2007 at 05:50:22 PM EST
Exxon has be straightforward
(
4.00 / 2
)
about this for a decade. They were clearly upping returns and minimizing investment in the period when crude was low and refining margins were shit. Maybe they aren't all wankers after all. It was the right decision if you had no foresight. Compare that to Shell that wasted billions on investment with minimal return.
by
HiD
on
Wed May 9th, 2007 at 02:43:49 PM EST
[
Parent
]
Countdown to $100 oil (39) - BigOil running out of oil
|
24
comments (24 topical, 0 editorial, 0 hidden)
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