ERHC Energy Inc (ERHE)

[mugwump]

re: block one- chevron looks serious and exxon will go along:
Is the only reason the energy bull is back is because folks are dressed up like Eskimos? Sure, the record cold in the Midwest and the falling snow had something to do with it. And this huge snow maker is headed to the East coast as we speak. But the economy is a big part of it too. A vote of confidence was given to the outlook for energy when it was announced that Chevron said it would buy back over $5.0 billion in their stock and that's with their stock trading at lofty levels. Chevron also said they would invest $15.0 billion to increase oil and gas supplies. That kind of statement by Chevron shows that at least one energy company is bullish on the out look of oil. That kind of strong confidence helped the confidence of the market. Chevron's CEO has had the most accurate outlook on oil and is among the most bullish of all the big oil CEOs.