RE:Credit ratings- the PETROLEUM industry will NOT be VULNERABLE to CREDIT RATINGS in the future as MOST OF THEM will be NET DEBT FREE {MINIMUM SUSTAINABLE LONG-TERM DEBT OFFSET by HUGE CASH BALANCES}
- they will be SUPPLIERS of CAPITAL instead of CONSUMERS of CAPITAL like the CENTURY OLD GENERAL ELECTRIC USE TO BE with GE CAPITAL
- I "CAN SEE" oil companies SETTING UP CAPITAL VENTURE FIRMS to INVEST in NEW ENERGY TECHNOLOGY like EXXON [before the merger with MOBIL] did in the LATE 70s and 80s
- of course, NOT all oil companies are CRACKED UP to PARTICIPATE in these kinds of SPECIAL FINANCIAL VECHICLES
z173