mkwin wrote:skyemoor wrote:threadbear wrote:MonteQuest wrote:The stock market and business has always been short-sighted. Hell, we make decisions based upon quarter profits.
Can you say this short-term play will not bear rewards?
Probably. But I sold off my energy shares a couple of years ago, to wash the tar, mixed with blood, off my own hands. It was a purely ethical decision.
Ah, but as the price of remaining barrels oil increase in an unending spiral, how many oil company execs are going to have the same ethics you are? Oil will truly become black gold, so oil stocks will continue their upward march inexorably.
Exactly! Your saying there won't be the capital to invest in infrastructure/new drilling/more exploration/Increase deployment of IOR techniques?
It's not being invested now. If refining capacity is limited now and contributes to the increased cost of gasoline, why aren't new refineries being built? Because it keeps the price of gas high.
Likewise, why invest in energy infrastructure to bring the price down, when keeping the price high via limiting production reaps obscene profits? That's why the oil major are buying back stock.
Nationalization of the US oil infrastructure and operations? Far too massive, and such a transition would take years, be rife with confusion, and require draconian measures. Would this be acceptable in the US? Well, we have the "Patriot" Act, so perhaps it just might. That doesn't mean it would work by any means.