My guess is they will be beefing up their corporate legal department at the same time…..:)
There are a LOT of PO’d attorney generals from several states that will be on them….like white on rice.
I guess the “look” of looking at science again is meant to persuade the public (and possible future jurors) that Exxon is really a “good citizen” looking for the truth.
FOX News/WSJ: “Where truth and journalism are dead.”
Speaking of Exxon….here is an interesting chart on the Exxon stock. The following link shows you a chart of XOM from 1992 through today. The reason I am showing this….is that the “form” of the chart….shows the future demise which we all know is coming.
FUNDAMENTALLY…..there are a few things that are now at work on Exxon (and oil companies in general).
1) Large investors are continuing to DIVEST THEIR HOLDINGS IN THE STOCK. In other words…they are slowing selling their stock
2) Electric cars while now only eating at the fringes of the oil market….is gaining mass QUICKLY….and in a few years from now….will be much larger. This will decrease demand for oil.
3) Solar energy continues to grow quickly…and when COMBINED WITH ELECTRIC CARS….will destroy a lot of demand for fossil fuel products.
The chart link I showed above….will show you a chart that shows Exxon Mobil (ticker symbol XOM) now down at about $80. In the SHORT TERM….I expect Exxon to likely “bounce” at about the $57 – $60 area. A quick push down to that area….may find some buyers….and may find a BOUNCE for a COUPLE YEARS back up to the $90ish dollar range.
AFTER THAT BOUNCE UP…..which will likely be in a couple of years…..Exxon will continue its plunge SOUTH in price.
They had the chance…..like the large French oil company Total…..to get into the solar business. But they are now too late to the party….and are too leveraged to do so.
Total (the French oil company) bought 50% of the US solar company “Sunpower” (SPWR). Total also was the only large oil company to announce that they would NOT drill in the Arctic. Total “gets it”. It is not an “oil company”…..it is an “energy company”….and they see where the market is headed. Exxon didn’t.
My guess is they will be beefing up their corporate legal department at the same time…..:)
There are a LOT of PO’d attorney generals from several states that will be on them….like white on rice.
I guess the “look” of looking at science again is meant to persuade the public (and possible future jurors) that Exxon is really a “good citizen” looking for the truth.
FOX News/WSJ: “Where truth and journalism are dead.”
I’d like to see Gavin Smith, Richard Alley or Andrew Dessler (among others) apply for that job.
Speaking of Exxon….here is an interesting chart on the Exxon stock. The following link shows you a chart of XOM from 1992 through today. The reason I am showing this….is that the “form” of the chart….shows the future demise which we all know is coming.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=xom&time=100&startdate=1%2F4%2F1990&enddate=12%2F2%2F2015&freq=3&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=8&x=37&y=13
FUNDAMENTALLY…..there are a few things that are now at work on Exxon (and oil companies in general).
1) Large investors are continuing to DIVEST THEIR HOLDINGS IN THE STOCK. In other words…they are slowing selling their stock
2) Electric cars while now only eating at the fringes of the oil market….is gaining mass QUICKLY….and in a few years from now….will be much larger. This will decrease demand for oil.
3) Solar energy continues to grow quickly…and when COMBINED WITH ELECTRIC CARS….will destroy a lot of demand for fossil fuel products.
The chart link I showed above….will show you a chart that shows Exxon Mobil (ticker symbol XOM) now down at about $80. In the SHORT TERM….I expect Exxon to likely “bounce” at about the $57 – $60 area. A quick push down to that area….may find some buyers….and may find a BOUNCE for a COUPLE YEARS back up to the $90ish dollar range.
AFTER THAT BOUNCE UP…..which will likely be in a couple of years…..Exxon will continue its plunge SOUTH in price.
They had the chance…..like the large French oil company Total…..to get into the solar business. But they are now too late to the party….and are too leveraged to do so.
Total (the French oil company) bought 50% of the US solar company “Sunpower” (SPWR). Total also was the only large oil company to announce that they would NOT drill in the Arctic. Total “gets it”. It is not an “oil company”…..it is an “energy company”….and they see where the market is headed. Exxon didn’t.
Says you have to have an engineering, economics, or science PhD., and participate in IPCC stuff.
Says they’re looking for someone who can “think independently”. ……….. BwhaahaahahhHAAAA! Wish Monty Python were still together for this.