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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: clutterer who wrote (186902)	12/4/2014 10:00:09 PM
From: elmatador	1 Recommendation Recommended By Ben Smith Read Replies (1) of 206272

U.S. oil production has soared to levels not seen in decades, and profits at some smaller energy companies have surged. But big international oil companies, which were late to exploit shale rocks, haven't capitalized on the boom in the same way. Shale-Boom Profits Bypass Big Oil Shell, Exxon Came Late to the Party, Then Made Massive Investments http://online.wsj.com/articles/SB10001424127887323997004578642391718255534 Big Oil cost structures cannot profitably explore shale oil. It is a typical phenomenon of old costly technologies and companies' structures when some new technology and changes in the market enables new ways of producing a good. It is has been always the new companies that capitalizes in the new trend and the old traditional cannot. The traditional producers tries to defend their position not by fighting the competition, the use their entrenched position to defeat the new comers. Big oil is happy to see Saudi Arabia lowering oil prices because it hopes it kill the smaller producers that are eating their lunch

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