[Wardad]

Yea, Well... I thought it was simplistic too.

My wife has always bought Texaco, and to please her I buy it too. Now that Mobil bought them out it's time to reconsider. I might buy Citgo from now on.

Ok, some OIL companies are intergrated operations and have mideast holdings etc... or just can't avoid mideast oil. These companies have regular oil shipments to their refineries.

Some companies like Armanda Hess are smaller and do buisness elsewhere. Psst.. they also had a great P/E of 5 Last year, with a decent dividend, and healthy 3 yr grotwth rate. Damn, I wish I bought their stock.

Other independant refineries and stations buy on the spot market or contract for whatever is available. So they could be selling mideast oil and oil products if the big companies can't move it.

Also in Texas years ago because of Gov regulation the local crude would get higher prices than the imported crude. So some oil brokers just forged paper work and made a bundle.
So I don't believe everything the oil companies report to the DOE. If we make an issue about mideast oil, we will get lied to and have to pay extra for the lip service.

I remember the Valdez disaster when nearly everyone stop buying Exxon. It really hurt the Exxon station owner/operators, but had little effect on Exxon corporate income. BUT... I still do not buy Exxon and I still feel good about it.

So maybe boycotting outlets for mideast oil won't do much, but I'll feel a little better when I'm pumping gas.


P.S. I do not expect gas to go to $3.00 a gallon in the US anytime soon. I also did not expect 9/11 or the new Israel/Palistenian war either.


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Damn, Want to buy yesterdays tech stocks? Please?