Quote:
Originally Posted by KenE
Makes me wonder now how politically important the 'energy crisis' around the world is. Obviously record oil company profits doesn't upset congress as much as baseball player's reported steroid use. Go figure.
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Its okay. I don't think big oil's record profits are going to last. None but Marathon are increasing their capital expenditures so they're just buying back shares and giving away huge dividends. There just aren't enough projects out there for them to get any bigger.
So for any buying big oil stocks you better be doing it for dividends only because there is no growth potential there.
It's big oil's twilight really. Let them have their limelight as their business model is not sustainable. Anyone who thinks 20 years from now they will have these sort of profits off oil isn't taking a hard look at the facts.