| 29.07.2009 - Big oil ain't what it used to be |
| From Forbes: A year ago, the world's major oil companies were at the peak of a commodities boom--fueled by volatility in other areas of the financial marketplace--that had pushed up the price of black gold to nearly $150 per barrel. The recession put paid to that particular bubble, and on Tuesday BP revealed its second-quarter profits had halved over the year, to $3.1 billion, more or less in line with the 50% decline in oil prices over the year.........Full Article: Source |