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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: CommanderCricket who wrote (73895)10/26/2006 11:48:55 AM
From: buckbldr  Read Replies (2) of 206151
 
>>>>With all those cheap reserves XOM has, why does their production keep dropping? $60 CL and they couldn't open a few more taps....<<<<

Does seem kinda greedy, doesn't it, Oh Hoppy One?

However, if you were looking at the possibility of a Demo victory in a coupla weeks, and the virtual certainty of things like windfall taxes, punitive regulations, arbitrary limits on availability of rational exploration and production areas, and a host of other detrimental effects on your future margins that such an elective outcome would produce (all these assumptions based on expressions of such intent by their party principals), isn't it prudent to act in such a "greedy" manner? Methinks its not so egregious.

Buck
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