XOM in total free fall for the past 2 months.
XOM is not in a “freefall the past 3 months” It actually rose from $83 to $89 between Jan 1 and Feb 1 but then dropped by 13% in the first week of Feb along with the entire market correction. The share price has only dropped about $1 from Feb 8th to today’s price, which by the way is double what it was in 2002.
BP in total free fall for the past 3 months.
BP is the same situation, they went through the market correction in early February (9% correction) but since then have bounced around the same level of the first week Feb and are now down slightly (1%).
US Dollar in total free fall past 3 months.
The US dollar has weakened from its recent high in 2017 at $100 to a lowe in Feb 2018 of around $89 but strengthened and has remained on average around it’s current level since. At it’s current level it is much higher than the period from 2003 through mid 2014. It is measured against a basket of currencies and doesn’t necessarily mean the $US economy is weakening but rather can mean the basket economies are strengthening.
Truth: BP cannot even save itself.
From BP’s 2017 full year results
- Underlying profit up 139%
- Downstream underlying profit up 24%
- Upstream production up 12%
- Reserves replacement ratio 143% for BP Group
- Exploration delivered the most successful year for BP since 2004, with around 1 billion boe resources discovered.
rockdoc, Adam, etc have bags on head, "Cannot see Peak Oil at all".
More like "Starving Lion has rocks in his head and can’t see the keyboard for his drool".
There is a big difference between understanding what Peak Oil is and it’s potential impacts versus unreasoned doomer panic as demonstrated by you and other’s on this site.