Recent News
The Inelegant Investor Summarizes Munger's Comments to the LA Times. Munger derided compensation consultants, declaring that "I have always said that prostitution would be a step up for these people." Munger pointed out that the problem was not that CEOs were evil, but that..." envy-driven compensation mania... brings out the absolute worst in good people." |
Ethanol-Biofuels Big Oil Still Reigns Supreme
| Big Oil Still Reigns Supreme |
| Written by Miranda Marquit | |||
|
Big Oil show no signs of going away, as it dominates the Fortune Global 500 list.
Even though Exxon (XOM) lost its throne to Wal-Mart as the world's largest company, it is still number two. And the rest of Big Oil appears to be doing just fine as second quarter earnings roll in and Fortune puts together its Global 500 list. Big Oil continues to fly high with more than adequate earnings, and this means that these stocks are likely to remain staples of energy portfolios for quite some time. CNN Money reports on how Big Oil continues to dominate earnings:
And with some predicting that a green blacklash will soon end the current love affair with alternative energy investing, that means more dollars for Big Oil to pick up in the future. If you're looking for up-and-coming Big Oil players, you might consider Sinopec (SHI). The Chinese oil company busted into Fortune's Global 500 list's top 20 this year, and with demand for oil set to explode in developing Asian economies (especially China and India), it looks as though Sinopec may be well placed for the future. Disclosure: I do not own XOM or SHI.Site disclaimer.
|
Latest Postings
- Bought AAPL at $329 this morning 03-17-11
- Energy Stocks Got a Boost Monday
- 12 Interesting Things I Learned at The Feast
- In a Warming World Coastal Forests Are the Only Defense
- FDA Approvals and What They Mean to You
- What Happens to the Stock Market if Obama Becomes the CEO of America?
- Global Bailouts Will Lead to Global Inflation: How to Play It
- Global Bailouts Will Lead to Global Inflation: How to Play It
- Exxon Mobil (XOM) Works On Its Eco Image
- Bush's Final Legacy: Stealth Tort Reform
- Amendment 58 in Colorado Seeks to End Subsidies for Big Oil
- Have the Numbers Gotten Too Big to Understand?
- Why Paulson Can't Clean Up the Pollution on Wall Street
- Will the Real David Icke Please Sit Down
- Beyond Growth: The Wealth of Community
- Big Oil Falls with the Stock Market
- The Rebirth of the System: From Caterpillar to Butterfly
- Pain Relief Without Addiction
- Why I Like Obama on Energy
- The Feast: Social Innovation Conference
- Vaccination Side Effects, Sponsored by Merck
- We Won!!!
- Reframe It: Reading Between the Lines
- The Next Great Pandemic
- Tesoro (TSO) Fights California Ethanol Mandate