Marathon Oil knows that U.S. gasoline demand won't decline forever - Joseph Lazzaro

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Marathon Oil knows that U.S. gasoline demand won't decline forever
Apr 20, 2009 11:00 PM UTC

Joseph Lazzaro

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MRO		04/20/09	+18.55%	11/05/09

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Readers of the this space know that two preferred sectors are integrated oil and refining sectors. Would that the United States could wean itself from oil relatively quickly and transition to a cheap, environmentally-friendly, alternative energy source (natural gas, electric, fuel cell) for auto transportation. Unfortunately, as researchers remind us, that goal is at least a decade away, which means companies like Marathon Oil (NYSE: MRO) will remain in the catbird seat.

Marathon Oil recently concluded that, rather than spin-off units, it is in the best interests of its shareholders to remain an integrated business. Net result? Earnings stability for investors, thank you.

Continue reading Marathon Oil knows that U.S. gasoline demand won't decline forever

Marathon Oil knows that U.S. gasoline demand won't decline forever originally appeared on BloggingStocks on Mon, 20 Apr 2009 18:00:00 EST. Please see our terms for use of feeds.

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