Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Back to story
Big Oil
Loser: Big Oil
Sure, soaring crude prices were a big reason Big Oil firms posted record profits this year. But so was the hands-off approach of the Republican Congress, which kept the industry unburdened by new regulation, and allowed it to work on exploration efforts freely.

But even with Democrats taking the House, oil stocks rose after the industry dodged the bullet of California's Proposition 87, which would have put a big tax on oil and put the money toward alternative energy.

Still, the industry's long-term prospects aren't as good, according to Fred Dickson, chief market analyst at D.A. Davidson & Co. Democrats are more likely to try to regulate the industry and renegotiate leases that are favorable to oil companies.

That could lead to curtailed earnings, and less new oil discoveries.
Salary Secrets and Myths Employers seem to have the better hand in pay negotiations. But here are 6 ways to better read the cards they hold. (more)
50 ways to cut your health-care costs Cut hospital bills by 25% and drug costs by 35%...there are more ways to save than you ever realized. (more)
Which places are low on taxes that affect small business? Exclusive rankings for FSB.com from the Small Business & Entrepreneurship Council. (more)