It's Thursday, April 28th, and this is Market Foolery. I'm Chris Hill and joining me in studio today for Motley Full Asset Management, Bill Mann, and from Income Investor James Early. Guys, good to see you. Thank you, Chris. We have got

earnings from Baidu and Procter and Gamble, but we are going to start with the world of

oil. ExxonMobil and Royal Dutch Shell both reported big jumps in first quarter profits

beating expectations so James I guess higher oil prices they're good for someone

that is right Chris the obvious thing you have high oil prices, you're going to have high oil profits from oil companies.

Everybody else, though, tends to suffer. Oil is basically interwoven into the fabric of our lives through transportation through

chapstick through so many other things.

The problem with a big oil, a lot of other things besides chaps to too.

The oil companies are, bacon, can't pump enough oil,

which is one issue.

And the second thing to think about

is that big oil companies are not just big oil companies anymore.

They're big oil and gas companies.

And natural gas is kind of the sleeper ahead.

It's doing very well these days because prices are so cheap, especially with the Japan

disaster because a lot of the companies, a lot of the

countries and companies that are pulling back on nuclear are replacing that with natural gas because

it's very quick, very cheap to ramp up.

So look for that to be a catalyst going forward and look for

the negative catalyst might be the talk of some type of windfall tax, which I am opposed to.

I think it's a bad idea, but every time you see oil companies making these big

profits when fall tax comes up yeah I was going to say cn't be seen was reporting

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