Microsoft beats Exxon as 2nd most valuable

[HylianSwordsman]

ICStats said:

HylianSwordsman said:
Well oil is going to see a nasty decline in the coming decades as oil shortages force us to move to alternative energy sources, so this was inevitable. It did come sooner than I expected, but I'm sure Exxon still has some fight in it, so MS and Exxon will probably still be in range of each other for a while yet. We might start seeing more tech companies exceed oil soon, however.

You have it backwards.  Oil is declining due to current surpluss.  If we have oil shortages then oil prices will go through the roof before we move to alternative energy sources.

The declining price of oil hurts alternative energy companies.

I'm not referring to the current decline. I'm referring to the inevitable collapse as the oil age ends. The oil prices will go through the roof, so much so that it will hurt the companies, because alternative energy will actually be cheaper.