Oil companies should no longer be valued by their reserves. New drilling technologies like fracking and horizontal drilling mean oil companies operate more like advanced manufacturers, which have much higher price-earnings ratios.
Sally Jewell's first moves as secretary of the US Interior Department show so far that she's embracing her dual legacy as an environmental steward with rare ties to the oil industry, Graeber writes.
Apple has just informed us that they plan to return $100 billion dollars to you, if you are a shareholder, over the next 36 months, Brown writes. If you stuck it out with Apple over the last year, you don't sell last night's news. You stick around.