Occidental Petroleum Corp (OXY)

[fourdint]

Symbolic hurricane? No real hurricanes out there at the moment and only a couple of months left in hurricane season so assume symbolic. Which is true statement. It takes 100s of billions to develop an oil field (capex) and with green taking over and hostile oil lobby, there is going to be no new fields -- just no return on capital. So what you see is what you get. Oil prices will remain high ... gas prices will remain high into the foreseeable future. And yes, so it follows, that inflation caused by increased energy cost is also permant.. inflation will level off, but to go down takes a depression and, well, nobody benefits there except thoes authoritarian governments. This is now and oil is king!

So OIl, existing oil, will remain king. They'll pull in profits and start their evolution to new bussiness ... carbon happen. (Maybe they'll caputure enough to kill plant life and destroy the planet ... hurray for carbon capture), chemical, perhaps manufacturing or just as investment firms, but they will evolve as it is survival of the fittest ... oil profits gives them the capital to evolve ... into what we shall see, for sure. But everyone knows that will hoppen.. I see no better place to be than in oil, in OXY. Just my opinion.