June, 2008 Posts
Speculation the Cause of High Oil Prices?
The rapid increase in the price of oil has led some such as Barack Obama to believe that speculation is the cause of this. This is an interesting but not so obvious theory. The demand for oil still remains strong in the US but is weaking with higher prices. Americans actually drove less miles this [...]
Exxon Mobil Nearing $500 Billion Market Cap
Along with record oil prices Exxon Mobil is nearing records and currently valued at $468 billion dollars. Some other companies have passed this mark in the past but now some of them are worth half of their $500 billion dollar + valuations. Will Exxon Mobile be the exception? Microsoft, GE, and Cisco were once all [...]