OIL

Oil company profits Oil companyEstimated net income Financial Times profit predictions BP$4.8 billionUp 85 percent Chevron$3.7 billionRoughly doubled Conoco$2.0 billionMore than doubled Exxon$6.8 billionNet income roughly doubled Shell$4.0 billionUp about 30 percent 2011 Projected 1 st Quarter Net Profits for Major Oil Companies What is net profit? Net Profit is total revenue minus total expenses, in other words, after all the bill are paid (salaries, equipment, facilities, research and development, etc…)

Price per barrel 3/1/2011

Energy demand will increase 58% over the next 25 years. Trillions will be spent to secure the world's energy supply... and all sources are on the table. Oil, Natural Gas, Solar, Wind. Fortunes stand to be made.

What's Waiting for Us in 2011 The return of $100 oil China's energy scramble reaches new heights Exxon Profit Rises 53 Percent Soaring Oil Profits, Declining Discoveries, and Danger Signs

Honestly, how come oil prices are jumping The honest answer is the reason oil prices keep setting records is that demand for fossil fuels is growing faster than the world’s oil producers can find new sources to satisfy that demand and replace the oilfields that are used up. Prices of commodities in limited supply are set by the market, not the producer. Congress has no more control over oil prices that you do.

Why are Oil Prices so High? "One of the things I think is very important to realize is that the growth in the world oil consumption is not that strong” "...There is substantial evidence that the large amount of speculation in the current market has significantly increased [oil] prices." spike-all-hype/?playlist_id=87185http://video.foxbusiness.com/v/ /oil- spike-all-hype/?playlist_id=87185

OPEC

What is OPEC An organization consisting of the world's major oil- exporting nations, OPEC was founded in 1960 to coordinate the petroleum policies of its members and to provide member states with technical and economic aid. OPEC is a cartel that aims to manage the supply of oil in an effort to set the price of oil on the world market, in order to avoid fluctuations that might affect the economies of both producing and purchasing countries.

U.S. Oil Reserves