Alternative Energy Resources are no Match for Oil Oil Prices Don’t Influence Demand as Much as You Think

Surviving Tough Times and Thriving During Good Times

Given energy’s commodity nature, it’s all about how [energy-company] management allocates capital in a capital-intensive business. What’s interesting is that the survivors in the worst times are the ones who are thriving now when times are good. It gets back again to managing through tough times, which I find a fascinating process to study.