They were hitting on all cylinders. ... It's good news for Exxon shareholders and likely to continue in '06. |
They're not taking any chances, |
They're on the right track, they're doing a good job, stay tuned. As long as we have $60-plus oil, I think they're all going to do well. |
This administration has created more profit for the industry that it has made since its inception. The oil industry will be the big winner during the (Bush years). We can count on the fact that oil prices are not going to go lower. If they move they will only go higher. |
This global tension, led by the stalemate between Iran and the U.S., could lead to oil prices about $80. People are really afraid that something is going to happen, and soon. |
This is a very very freaky market. The the bad news is this was a very bad quarter. The good news is next quarter is going to be better. |
This is an industry in crisis. Every oil company will reduce their production forecast as lower spending will immediately be followed by lower production and lower reserve replacement. |
This is evidence that we really don't have to worry about shortages, |
This is evidence that we really don't have to worry about shortages. |
This market has been driven by speculation. |
This rally is the perfect storm. It's surreal, it's like watching a movie. |
Traders are using the conflict to push prices higher. Everybody now is hiding behind the umbrella of the Iran nuclear stalemate, but we have to remind ourselves that Iran cannot afford to stop its shipment of oil. |
Unless (energy) prices collapse, earnings in 2006 will make 2005 look like a cake walk. |
Until and unless the stalemate with Iran is resolved one way or the other, I think we're going to see prices higher. |
Volatility will continue and we are going to see higher highs and lower lows. |