Big Oil Is Bailing, and It's a Good Thing Too

I'm going to guess that if you were in a contract that paid a return of less than 1%, you would do the absolute minimum possible until that contract expired, right? That is exactly what Exxonmobil (NYSE: XOM  ) , BP (NYSE: BP  ) and Total (NYSE: TOT  ) have done recently with their contracts with the Abu Dhabi Company for Onshore Oil Operations -- also called ADCO. These big oil companies just let their contracts expire with the company after years of not doing much in the region. And who can blame them? They were only getting $1 per barrel of oil in contracting fees anyways.

Tune into the video below to find out what this means for comapnies like BP and Total and whether it will make any significant impacts on your investments.

Meanwhile, this company is taking on OPEC's stranglehold of the oil markets
Imagine a company that rents a very specific and valuable piece of machinery for $41,000... per hour (that's almost as much as the average American makes in a year!), and it's only one of the many things that this behind-the-scenes energy giant excels at. The technology this company is providing the energy industry is redrawing the borders of power, and OPEC is getting scared. In our exclusive, brand-new Motley Fool report, we reveal the company we're calling OPEC's Worst Nightmare. Simply click here give you free access to uncover the name of this industry-leading stock!


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