Don't worry Joe.
The shortages will not be caused by Government regulations, but by
two Governments. India and China. In 2001 China imported almost
no oil. They are now number 2 in the world, importing about 50%
of what we import. Starting in 2001 they have increased their imports
30-100 % each year. They are expected to be number 1 in 3-5 years
if that much oil can be brought online. We'll see.
OBTW, Warren Buffet said that oil stocks are where the action's
going to be for the next 5 years.
Bryan
Joe Lance wrote:
> Seen a lot of complaints, newspaper articles, TV programs, etc lately
> about the "excessive", "windfall", profits of oil companies expressed
> only in gross Dollars, but that is completely meaningless unless one
> also states profits in terms of percent of sales, return on investment,
> and other quantitative measures on a year-to-year basis that can be
> compared to other investments. The whole thing "works" only if some one
> is willing to buy something at a price high enough to pay a profit to
> the supplier, no matter what politicians say or do. Last thing I want
> to see are shortages caused by government regulations or so-called
> windfall profit taxes.
>
> Lance.
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