Lazy Al

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    • Fri Oct 3rd 13:25 PM | Rating: 0 0
      Commented on:
      Getting Uglier and Uglier
      OK, dc1, I'll add something constructive:

      In the year from Sep 2001 to Oct 2002, IBM went from $120 to $56-- a much steeper decline than during the past year. It pays to keep things in perspective.

      Now YOU can add something useful--or shut up.

      View article »
    • Thu Oct 2nd 22:03 PM | Rating: 0 0
      Commented on:
      Getting Uglier and Uglier
      Your article proves beyond doubt the market has fallen sharply in the past year.
      Duh.
      Look at charts from the bear markets of 1987 and 2002, maybe you'll learn something.
      View article »
    • Wed Sep 3rd 16:12 PM | Rating: 0 0
      Commented on:
      Oil: The Inconvenient Truth
      Mr. Fitzsimmons,

      Which inconvenient truth are you addressing here?

      That the world is inexorably exhausting it’s hydrocarbon reserves; or that energy investors are currently losing their shirts?
      View article »
    • Mon Sep 1st 19:30 PM | Rating: 0 0
      Commented on:
      Exxon Shareholders Suffer a Windfall Loss of 13.7%
      Instead of criticizing and penalizing the oil industry you should be thanking them.

      If our source of oil was seriously disrupted, the United States would descend into total anarchy within a matter of days, if not hours.

      I hope Exxon moves their headquarters to Kazakhstan and tells you all to make your own goddamn gasoline.
      View article »
    • Sun Aug 31st 21:25 PM | Rating: 0 0
      Commented on:
      Exxon Shareholders Suffer a Windfall Loss of 13.7%
      I'm not sure I understand your point here.

      Exxon's shareholders haven't done well in the past four months--but it the past four years they've doubled money excluding dividends.

      Perhaps a retroactive windfall profits tax could be imposed.
      View article »
    • Wed Aug 20th 19:57 PM | Rating: 0 0
      Commented on:
      Oil Will Only Fall So Far
      Old Wizard,
      The Saudis did in fact welcome the American military in 1991, as did other the Arab countries. Saddam Hussein had made a career out of killing his fellow Muslims, and the Americans were certainly seen as the lesser of two evils at that time. The problems arose when we stayed long after the war had ended.

      I certainly don’t mean to portray Al Qaeda as “noble guardians” of Islam. They are radical extremists who twist moral and religious principles to suit their own narrow vision of a new world order. Nor do I think that the American military presence in Arabian Peninsula was remotely sufficient to justify the attack on the World Trade Center.

      For a brief time after 9/11, world opinion was largely in the American court. Even the Muslim world was horrified by the hatefulness of these attacks. But in the seven years since, the United States has squandered the opportunity to win hearts and minds, attacking first Afghanistan, then Iraq. The result has been untold suffering and uncounted thousands of deaths in these two unfortunate countries--in addition to another four thousand Americans lives lost.

      All for what?

      View article »
    • Tue Aug 19th 22:27 PM | Rating: 0 0
      Commented on:
      Oil Will Only Fall So Far
      Mr. Old Wizard-
      Yes, Bin Laden and an overwhelming number of Saudis and other Muslims viewed the American military presence in close proximity of their holiest shrine as an outrageous and blasphemous provocation-- on the equivalent of a large, well-equipped Al-Qaeda training camp based in northern Virginia.

      View article »
    • Sun Aug 17th 23:10 PM | Rating: 0 0
      Commented on:
      Oil Will Only Fall So Far
      Debka’s armada is tinker toys compared to this one…

      www.taphilo.com/histor...


      View article »
    • Sat Aug 16th 22:06 PM | Rating: 0 0
      Commented on:
      Oil Will Only Fall So Far
      Mr. Fitzsimmons, you say “US/Israeli policy to secure Israel is almost assuring the destruction of Israel in the long run”.

      In 1938, Adolph Hitler opined, “Today I’ll be a prophet again. If international Jewry in Europe and abroad should succeed once more into plunging the people into a world war, then the consequence will not be the Bolshevization of the world and therewith a victory of Jewry, but on the contrary the annihilation of the Jewish race in Europe.

      I don’t mean to imply anything; just a historical parallel.

      View article »
    • Thu Aug 14th 21:11 PM | Rating: 0 0
      Commented on:
      Oil Will Only Fall So Far
      Gerrymandering,

      Yeah, in fact I’ve sent numerous communications to my elected representatives on this very subject.

      They’ve either been ignored, or answered with a form letter--sometimes comically inappropriate. I wrote Senator Evan Bayh of Indiana to suggest I’d rather see the oil industry regulate the government than vice-versa and received an email which began, “Dear Fellow Hoosier, I fully understand your concern about rising gasoline prices”.

      Vox populi.
      View article »
    • Thu Aug 14th 13:05 PM | Rating: 0 0
      Commented on:
      Oil Will Only Fall So Far
      I agree, the sector has become ridiculously undervalued. But even as I write this many energy stocks are probing new lows--again. It seems most investors would rather not try to catch the proverbial falling knife.
      View article »
    • Thu Aug 7th 14:49 PM | Rating: 0 0
      Commented on:
      Has Exxon Topped?
      It’s become increasing difficult to correlate the price movements in the shares of the oil companies with that of the underlying commodity. For example, Exxon’s share price was higher when crude oil was $30 a barrel lower.
      View article »
    • Wed Aug 6th 22:26 PM | Rating: 0 0
      Commented on:
      Crude Sell-off: Solid Entry Point into U.S. Oil Majors

      FourBane,
      You speak as if it were a small matter to discover and develop a 100,000 bpd wellhead.
      The international oil industry--and their numerous government regulators--are rapidly losing the option to drill at times, places and prices of their own choosing.
      It’s almost a certainty the world will rely predominately on hydrocarbon fuels for at least the next three decades; ergo, Priority One: Be certain we’ve enough oil, gas and coal for another thirty years. Priority Two: Start worrying about what about what the hell we’ll do when it’s gone.
      View article »
    • Wed Aug 6th 16:51 PM | Rating: 0 0
      Commented on:
      Crude Sell-off: Solid Entry Point into U.S. Oil Majors
      John Pseudonym:

      I did look at the COP chart--along with the rest of the fundamentals of the stock--and to me it appears a strong buy.

      At seven times earnings, it’s selling at a huge discount to the general market. The stock is currently priced to reflect $75 crude oil. The fair valuation on the stock at current oil prices is a over $100 per share.
      View article »
    • Thu Jul 3rd 14:19 PM | Rating: 0 0
      Commented on:
      Does Big Oil's Apathy Justify Proposals to Tax Windfall Profits?
      From The Energy Information Agency:

      “Through 1972, Americans had become accustomed to expanding energy consumption with minimal concerns about the constancy of supply or sharp price escalations. In 1973, however, expectations about energy supply changed dramatically. The turmoil started early in 1973, as customers experienced electricity brown-outs and rapidly rising prices for fuels and other necessities.”

      From Daniel Yergin’s Pulitzer-winning “The Prize: The Epic Quest for Oil, Money and Power” (1991)

      “Yet Hydrocarbon Man shows little inclination to give up his cars, his suburban home, and what he takes to be not only the conveniences but the essentials of his way of life. The peoples of the developing world give no indication that they want to deny themselves the benefits of an oil-powered economy, whatever the environmental questions . And any notion of scaling back the world’s consumption of oil will be influenced by the extraordinary population growth ahead.”

      From ExxonMobil’s 2008 Annual Report (“Long-Term Business Outlook 2008-2030”)

      “Oil, gas and coal are expected to remain the predominant energy sources with approximately 80 percent share of total energy. These well-established fuel sources are the only ones with the versatility and scale to meet the majority of the world’s growing energy needs over the outlook period.”

      Adage

      “Those who fail to learn from history are condemned to relive it.”


      View article »
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