BHP Mines China Gold: Top miner BHP Billiton is yielding gold from its China ties, with record profits and Olympic sponsorship minting its Beijing presence, reports Reuters' Dan Sloan.


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Mad About Options: Transocean's Rigged for Profits:
The Mad About Options crew reviews Jim Cramer's recent bullish comments about Transocean and offers options strategies for traders and investors. Also hear options ideas for Apple and Cal-Maine Foods.

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Q: You're a believer in the peak-oil thesis, which says that global oil production has topped out. How much time do we have left before the supply dries up?

A: We aren't going to run out of oil in the next 100 years, but it will keep getting harder and more expensive to obtain. Most people don't even realize that production is falling. In 1956, M. King Hubbert, an analyst at Shell Oil, said that production in the lower 48 states would go down by 1970. Sure enough, 14 years later, it started going down. And it's kept sliding since then. We've found over 50% of everything we are going to find here. Once you find 50%, you naturally go into a decline. And here we are, 38 years later, and, my God, think about the amount of money that's been spent trying to find more! We spend more every year and get no more net production. And the list of countries whose oil production has peaked keeps growing, including Russia, which for eight consecutive months has had year-over-year declines. Companies have the same problem. The latest results from Exxon [ticker: XOM] showed that its production was down about 3%.

Now it is so much the opposite that it is scary. If you look at Exxon (XOM), you are struggling to see if it can hold $65.

GOOD SOLID CO. INTEGRATED OIL STOCK HAS GOOD TRACK RECORD

MadAboutOptions: Coca-Cola KO'd:
The Mad About Options crew reviews Jim Cramer's recent bearish comments about Coca-Cola Co. and offers options strategies for traders and investors. Also hear options ideas for Apache and Entergy.

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My best trade is XTO Energy (XTO). “The stock is down 30% since the end of June and valuations look okay,” he says. Other trades Adami likes include Schlumberger (SLB) and Exxon Mobil (XOM).

It's Exxon

It's hard to find a sizable energy company that's trading for more than 10 times next year's estimated earnings. As the table below shows, the major oils -- ExxonMobil (ticker: XOM), Chevron (CVX), BP (BP) and ConocoPhillips (COP) -- now fetch five to seven times next year's projected profits. The majors have rarely had such low price/earnings ratios.

It's hard to find a sizable energy company that's trading for more than 10 times next year's estimated earnings. As the table below shows, the major oils -- ExxonMobil (ticker: XOM), Chevron (CVX), BP (BP) and ConocoPhillips (COP) -- now fetch five to seven times next year's projected profits. The majors have rarely had such low price/earnings ratios.

Too Large in oil services

Obesity

They spilled all that oil

pollution

large integrated oil company with little upside

pick a name, any name amoug the intergrateds. If oil pulls back you are going to get killed. I know, I know, it will never pull back.

stagnant for next 5 yrs

they maybe full vultures right now, but as it goes with everything demand will subside as soon as other source of supply arise.

Never got over Valdez, believer in COP and love their Nat Gas

not raising dividends