Comments on: ExxonMobil Corp. Flat Broke? http://www.dailyreckoning.com.au/exxonmobil-oil/2006/11/02/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 17:27:32 -0600 http://wordpress.org/?v=2.8 hourly 1 By: Christopher http://www.dailyreckoning.com.au/exxonmobil-oil/2006/11/02/comment-page-1/#comment-17 Christopher Tue, 07 Nov 2006 15:46:50 +0000 http://www.dailyreckoning.com.au/exxonmobil-oil/2006/11/02/#comment-17 It really comes down to Exxon's ability to adapt. Are they in love with their product, or what their product does for their customer. Does Exxon believe they are sweet crude business or are they in the energy business? It's happened in other industries and will happen again in the energy business. IBM constantly adapted and prospered, Smith Corona (made typewriters) didn't. The NOCs also need Western oilfield services companies like National Oilwell Varco (NSYE: <a href="http://finance.google.com/finance?q=NOV" target="_blank" rel="nofollow">NOV</a>). because the NOCs are incompetent. The NOCs won't be able to get the oil out of the ground and will be willing to pay in order to do so. It really comes down to Exxon's ability to adapt. Are they in love with their product, or what their product does for their customer. Does Exxon believe they are sweet crude business or are they in the energy business? It's happened in other industries and will happen again in the energy business. IBM constantly adapted and prospered, Smith Corona (made typewriters) didn't.

The NOCs also need Western oilfield services companies like National Oilwell Varco (NSYE: NOV). because the NOCs are incompetent. The NOCs won't be able to get the oil out of the ground and will be willing to pay in order to do so.

]]> By: richard42 http://www.dailyreckoning.com.au/exxonmobil-oil/2006/11/02/comment-page-1/#comment-16 richard42 Tue, 07 Nov 2006 02:16:39 +0000 http://www.dailyreckoning.com.au/exxonmobil-oil/2006/11/02/#comment-16 this article resonates with me,remember this is a corporate that has spent upwards of $100 million supporting anti global warming campaigns, and given the $$political lobbying that goes on in Washington, their influence on GeorgeW and his oil cronies must be huge. this article resonates with me,remember this is a corporate that has spent upwards of $100 million supporting anti global warming campaigns, and given the $$political lobbying that goes on in Washington, their influence on GeorgeW and his oil cronies must be huge.

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