I own several oil company stocks, and the
neither dividends nor price appreciation has not followed
reported profits... yet...

"Wayne.B" wrote
Then you haven't owned them long enough.

heh heh since 1978. If that's not long enough, what is?

What I meant by my comment above is that *current* price
trends are not reflecting profits (or at least not in
proportion), and the profits are not being passed on.

... Oil will be king until
alternative energy sources are developed, and that won't happen until
gasoline hits 5 to 10 dollars a gallon. On second thought, that might
happen sooner than we think.


Well, depends on what you mean by 'developed.' There are all
kinds of alternative energy technologies out there. Problem:
they all cost more & deliver less HP-per-gallon than petroleum.

And in some places, gasoline already costs $9/gal.


My guess is that WW III will be all about oil and that history will
not be kind to the US energy policies of the last 30 years.



Agreed. Totally.


NOYB wrote:
Heck, WWII was about oil. Japan attacked Pearl Harbor as a result of the
oil embargo we imposed upon them.


Largely, yes.

DSK