Oil prices and record profits
It’s probably impossible for you to ahve missed this “news” but it’s equally impossible for me not to comment on it. Oil prices are over 72.00/barrel. I’m quite surprised and have no idea how long it will last. For now, though, companies like Exxon are making more money than ever before (as are their former executives). A few related articles from this blog:
Invest in oil or water?
Value over growth although oil companies seem to be growing at a pretty good clip these days!
Was there really a buying opportunity in February?
Investing in airlines – I’ll never do it in today’s oil climate.
How long have oil prices been rising? I blogged about how hard it is to find reasonably priced oil companies in 2004!