Whether or not oil firms can generate huge earnings like they did this summer is debatable. With the price of oil below the $50 a barrel mark, there are many who think it may take as many as 5 years for there to be any possible return to the huge profits that we witnessed in July. I believe they are right. (Click below to read the whole article)
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My Comment:
Hey Guys, this is a VERY important article that references many things I have been saying to some of you over the last year and a half and my only comment is that I now sense that we have a 5 year window at the most as a country where we can make ourselves more independent from OIL. If we do, then BIG OIL will be no more and from this point on, we can refocus the funds that once went to greedy, heartless industries to green, human rights abiding industries and groups. Just a thought and a HUGE prayer. Let us pray for President Elect Obama to make the right decisions and Congress to follow suit. This is an historic chance to break a long ugly cycle!
pd