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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: SOROS who wrote (1452)	4/23/2006 5:49:46 PM
From: philv	Read Replies (1) \| Respond to of 50106

If I could be so bold as to venture a guess, his point would be that Exxon-Mobil is not investing it in oil projects, although there are a lot of opportunities. Some people believe oil is due for a correction, and that would make buying oil companies and projects cheaper. In other words, oil is ready for a fall? I believe that has been Slider's point all along. It is the old Simmons/Slider debate. <g>

To: SOROS who wrote (1452)	4/23/2006 9:20:50 PM
From: saylavee11	Respond to of 50106

Is it because there is no need for Exxon to be conducting R&D, etc, since there is an ample supply of oil at this time and will be for some time to come, ie - no need to spend the money when the R&D and drilling is not needed. What they have is adequate.

To: SOROS who wrote (1452)	4/24/2006 3:32:06 PM
From: doublebooker	Read Replies (1) \| Respond to of 50106

<Please do tell us -- Why is Exxon-Mobil still sitting on that $30 Billion Dollar hoard of cash? I remain, SOROS> Could it be to fund the next CEO's retirement package?

To: SOROS who wrote (1452)	4/25/2006 7:43:48 PM
From: surelockhomes	Respond to of 50106

I would say it is the 30b cash itself. Nobody wants USD now. Everyone is going into inflated assets. After the bubbles burst and all assets deflate, USDs will be worth a lot more. The main culprit: 1 in 10 no Equity >>* Nearly one in 10 households with a mortgage had zero or negative equity in their homes as of September 2005, according to First American Real Estate Solutions, an arm of title-insurance company First American Corp. The study of 26 million homes in 36 states and the District of Columbia found that one in 20 home borrowers was upside-down by 10% or more. * The situation is even grimmer for recent borrowers. Of those who bought or refinanced homes in 2005, 29% had zero or negative equity, and 15.2% were underwater by 10% or more. * Interest rates on about a quarter of all mortgage loans outstanding, or $2 trillion, are scheduled to reset this year and next, according to Economy.com. Homeowners who opted for extremely low teaser rates in recent years could see their payments eventually double, said Christopher Cagan, First American's director of research and analytics. * Defaults and foreclosures are already on the rise, thanks in part to higher interest rates, cooling real-estate markets and overextended borrowers. Nationally, 117,259 properties entered some stage of foreclosure in February, according to foreclosure-monitoring firm RealtyTrac, a figure that's up 68% from February 2005.<< Listings have more than doubled in many areas from this time last year, and they are piling up fast.