Strata Power Corp. (SPOWF)

[emperor3605]

Big oil must spend its money

If the grilling by congress is any indication life is going to continue to get worse for big oil. If Obama and his socialist agenda is elected taxes on profits are inevitable.CNBC Fast Money discussed that they have few options but must use profits on exploration and acquisition--even if extraction costs make such deals unattractive. Also keep in mind that while oil will fluctuate in price it will rise higher long term. Our asset grows in value as each year passes. If Shell makes a low ball offer it is prudent to take the painful path of development. Remember that can take years. However as each year goes by technology will make carbonate bitumen extraction more profitable. A buyout is inevitable whether now or several years. Time increases the value of our onvestment.