Replies to post #1323 on Exxon Mobil Corporation (XOM)

[ChitForBrains]

You could be right short term, but long term, no way. Too many nations adding cars like China just adding more consumption.

http://finance.yahoo.com/news/Pickenss-View-Unchanged-Oil-indie-2043120796.html?x=0&.v=1

Noted energy investor T. Boone Pickens sees oil's recent price pullback following the death of Osama bin Laden as a temporary phenomenon, saying "Oil prices are going to go up, I think," in an interview with Bloomberg Television. Pickens said global oil consumption is expected to reach 90 million barrels per day in the fourth quarter, but that the oil industry cannot produce much more than 88 million barrels per day.