jetcareers - View Single Post - An honest, informative discussion on energy/oil

wheelsup · May 9th, 2008, 00:53

ExxonMobile has stopped exploring for oil that requires extensive capital investment. Instead they have stepped up dividends and stock buybacks. They are doing this because they forecast a price point of $30-$50 per bbl in the long term. They've effectively "bet the company" on it.

[...source...]

I've actually been investigating CNG cars. Retro kits are around $3000-$4000 depending on the size of the car and installation. The problem with it, is A) UT has the cheapest CNG and most stations available, Cali for example is $2.50/gal vs. UT's pennies and B) if the prices of CNG goes up, that wipes out your savings. I'd still prefer some sort of diesel car burning biodiesel.

May 9th, 2008, 00:53	#28
wheelsup Old Skool Join Date: Mar 2004 Location: _ Posts: 4,825	Re: An honest, informative discussion on energy/oil ExxonMobile has stopped exploring for oil that requires extensive capital investment. Instead they have stepped up dividends and stock buybacks. They are doing this because they forecast a price point of $30-$50 per bbl in the long term. They've effectively "bet the company" on it. [...source...] I've actually been investigating CNG cars. Retro kits are around $3000-$4000 depending on the size of the car and installation. The problem with it, is A) UT has the cheapest CNG and most stations available, Cali for example is $2.50/gal vs. UT's pennies and B) if the prices of CNG goes up, that wipes out your savings. I'd still prefer some sort of diesel car burning biodiesel. __________________