The Smartest President Ever Can't Drill His Way Out of This Problem

Townhall.com ^ | December 11, 2014 | John Ransom

[thackney]

I think it is safe to say, mergers and acquisitions is a very normal part of the oil industry business cycle.

[gogeo]

Businesses tend to be complacent when profit margins are high because businesses are run by people, in fact businesses ARE people...

There's a name for those companies in a cyclical industry, WHICH PETROLEUM IS...bankrupt.

Those who last a few cycles are the survivors. The joke from the nineties in Houston...How do you call a geologist?

"Hey, waiter!"

[gogeo]

Oh yes. I think only those who have worked in the industry can understand how brutally cyclical it is.

The 'rich' will keep getting richer, because they understand...and that's why one should never apologize for the healthy margins on the upside.

[thackney]

From earlier today:

...we could as easily write the same article from the perspective of those that are buying the assets, instead of from those selling.

Goodrich pares spending plans, considers selling Eagle Ford assets
http://www.freerepublic.com/focus/f-news/3236055/posts?page=3#3

[American Constitutionalist]

Office Depot ? Xerox ? IBM ?