Oil is at an all-time high. The supply of oil has now exceeded the demand. Oil companies are enjoying high profitability like never before. However, hard times lie ahead for oil companies.
The world is not completely tapped-out of oil. Oil companies are drilling in foreign lands never before thought to have had oil. But finding new places to drill for oil is becoming more and more difficult. Look for oil companies to begin stimulating research and development in alternative ways of oil consumption and alternative fuels around the globe. If they don

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