Canada has given oil sands a dirty reputation, but a breakthrough, commercially viable technology has caught the eye of a former Exxon Mobil president who is putting it to use to clean up Utah's billions of barrels of oil sands.
This is a story about trust. About why many Americans have tuned out and lost hope in financial “experts.” It's about the insights, foresights, reckless predictions and lack of conviction from media outlets, Wall Street analysts and talking heads that monopolize today’s market dialogue.
Is Exxon Mobil doing God's work? Ahead of the Pope Francis's encyclical on global warming, Exxon CEO Rex Tillerson is trying to explain the good the global energy production does for the global economy and the human race at large.
Harold Hamm, CEO of Continental Resources, recently had these words of advice for fellow American shale producers: “Save that money. Avoid selling that production in this poor market and wait for service costs to fall [further] before completing those wells.”
Even with the recent rebound in the price of crude oil, don't look for production cuts to stop. Oil is breaking out as it is clear that crash in oil prices significantly changed the fundamentals and the future production growth curve.
Apple hit a record high market value above $700 billion. Two years ago it stole the crown as the world’s most valuable company. The recent acceleration means that Apple has increased by the equivalent of the next 15 names on that list ranked by market cap. Investors must be asking whether history will repeat itself.