Hi Jay - Re: Major oil companies for stable income -
Note thar all four - XOM, BP, RD, CVX - have been in a strong down trend since about March 6-9, 2005.
Safety is affect by a numeber of factors, not just the countries where they get oil. Having expetise and distribution provides leverage to negotiate with host countries.
Being associated with the major warlike Anglo Saxon nations also provides options.....
If ENI, an Italian company gets their oil fields in Ecuador grabbed, what can they do ? Get a settlement for the international court eventually ? The US and to some degree the UK could increase th echances of the government being replaced.
Or apply presure indirectly by taking pressure of the Columbian rebels in the south of Columbia, near Ecuador.
Having refining and distribution means they can make money even if the world price of oil drops. When oil prices were really low, the money made from the food stores attached to the gas stations was a large fraction of profits.
When gasoline prices are low, J6P can buy more beer, and XOM, BP, RD, and CVX will be happy to sell it to him. Also bottled water.
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The down trend is there, so waitng may pay off.... |
