Is BHP Billiton (ASX: BHP) a serious oil player? Or, let’s put it this way. Does the fact that oil touched US$127 in futures trading contribute to BHP Billiton’s earnings and its war chest for its pursuit of Rio Tinto (ASX: RIO)? BHP thinks the answer is yes. BHP Billitons’s oil projects showed up in a research report we reviewed yesterday. The report tried to answer the question of where future global oil production would come from. There is a 32 million barrel per day gap between what the world…
May 14th, 2008 | Dan Denning | 0 comments | Continued