Big oil: the ultimate sin stock
Despite massive investment in alternative technologies, fossil fuels are currently still the most profitable way to provide energy.
Welcome, Guest |
Login |
Despite massive investment in alternative technologies, fossil fuels are currently still the most profitable way to provide energy.
Saudi oil Minister Ali Naimi seems to be cooling the overheated market for crude. In a recent Financial Times article, Naimi called high oil prices “unjustified,” and said that Saudia Arabia could ramp up production by as much as 25% if market conditions dictate such an action.