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Capital Investing
, Market
, Peak Oil
by michael on May 9, 2006
This company's profit margin after expense is about 10.5%. Their 2006 1st Qtr. cash and equivalents as compared to the first quarter of last year realized a 34% increase.
Apparently, high prices are high times for oil companies everywhere. I wonder what percentage of their profits they situate into R&D to ensure not only their longevity but ours as well.?
Permalink: Norwegian Oil Profits
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/21720
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Vote for Norwegian Oil Profits:
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Rating: 8.00 out of 2 vote(s) cast.
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Response from:
Everyday Economist
(05/15/06 5:05pm)
Response from:
michael
(05/15/06 6:24pm)
Just wondering what they plan to do? Can oil be extracted from coal or do they plan to get into FutureGen like investments? Thank you.
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They often don't see the implications of what they are saying.
Apparently a lot of big oil firms are, in fact, purchasing land in remote areas like the Rocky Mountains.
No, there are no oil fields in the Rocky Mountains. They are purchasing coal.
That should tell you where Big Oil expects profits in the future to come from, and that they expect coal to be more lucrative in the not-to-distant future than the next oil field.