Personally I think that as more oil production comes on line and the middle east settles down prices will ease and we'll see $2.50/gallon gas again.
Full Version: i smell 4 bucks per gallon...
QUOTE(Sammy @ Aug 7 2006, 11:24 AM) 
I own shares of Valero, Shell, Sunoco, Tesoro, and ConocoPhillips.
BP does own Arco, but chevron and Exxonmobil could swallow up BP and still have room left for desert.
Errr ... ExxonMobil may be slightly larger than BP, but BP is substantially larger than Chevron even after its Unocal aquisition.
(2005 revenue: BP = 262B$, Chevron 194B$
Otherwise, Arco doesn't exist any more other then a BP brand name. Eaten and digested ...
QUOTE(anthony @ Aug 7 2006, 04:49 PM)
Personally I think that as more oil production comes on line and the middle east settles down prices will ease and we'll see $2.50/gallon gas again.
You might want to bone up on the idea of "peak oil":
http://en.wikipedia.org/wiki/Peak_oil
As for the notion that the middle east will "settle down" anytime soon, let's just say I've seen nothing to suggest the various "interested parties" are planning to significantly change their approach to the problem.
For a fairly apocalyptic view, check out:
http://www.rollingstone.com/news/story/720...long_emergency/
I'm putting the book from which the RS article is exerpted on my reading list.
Skip
Bigbohr, I stand corrected.
BP has a market cap of 234.76B,
Chevron has a market cap of 148.13B
But........ if we look at profitability, Chevron has a big lead.
BP = $21.38 billion EBITA
Chevron = $37.04 billion EBITA.
So BP is more expensive but Chevron makes more money.
BP has more debt, just over $19 billion compared to chevron's $12 billion debt.
On the surface it looks like BP is way over-priced when compared to CVX.
Either that or chevron is severely under-valued. Must have something to do with oil reserves.
BP has a market cap of 234.76B,
Chevron has a market cap of 148.13B
But........ if we look at profitability, Chevron has a big lead.
BP = $21.38 billion EBITA
Chevron = $37.04 billion EBITA.
So BP is more expensive but Chevron makes more money.
BP has more debt, just over $19 billion compared to chevron's $12 billion debt.
On the surface it looks like BP is way over-priced when compared to CVX.
Either that or chevron is severely under-valued. Must have something to do with oil reserves.
Here is another twist! From folks at the Quantico Marine base, they said that this is a supply and demand issue and the demand for fuel for the war machine will keep going up if peace is still a dream for the future! Not enough refineries and thus we are left with a bucket a fuel to fight over at inflated prices. It kinda made sence in a perverted way but ya never know.
Just a thought.
Just a thought.
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