There are still 5 to 6 real players in the oil business, the size factor gives a certain amount of power, but GE also made a higher margin and is right up there in size. Size is necessary in that business..what small business can leverage and put a dozen mobile rigs out in the ocean at a cost of 300-400million per that have a real chance of not paying back?

Oil makes a nice target because its a one game industry and everybody needs it. Same as people bitch when their electric bill goes up.