More Oil Gets Freed Up
Congress has finally passed a bill that will allow oil companies to drill for the 1.26 billion barrels of oil that sit below the Gulf of Mexico south of the Florida panhandle. Although drilling…
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Chevron will increase capex 20% next year to almost $20 billion. Exploration of new fields in the Gulf of Mexico are expected to fuel much of this. Conoco, on the other hand, is cuttin…
As OPEC Dawdles, Big Oil Waits
Stocks: (XOM)(COP)(SLB) Over the weekend, OPEC members sent a signal that they were unsure of what the would do with supply and inventories. Most members favor cuts as US stockpile rise, but it is…
Oil vs. Oil Stocks
From Ticker Sense While the press has been busy speculating on what the next major private equity deal will be, oil stocks have been quietly staging a rally. Even more impressive is the fact…