Released on: September 15, 2008, 3:37 am

Press Release Author: Richard Drake

Industry: Financial

Press Release Summary: Cornerstone worldwide: The pullback in share values of oil
majors represent buying opportunity.

Press Release Body: Despite the short-term realignment in share prices of the global
oil conglomerates, Cornerstone Worldwide are apparently encouraging investors to see
the situation as an excellent buying opportunity.

“The days of cheap oil are well and truly over and any reductions in demand from
developed economies won’t make up for that of China and India”, suggested an unnamed
commentator at Cornerstone Worldwide.

As stocks in BP, Royal Dutch Shell, Exxon-Mobil and others continue to retrench
along with the crude oil price in general, Cornerstone Worldwide have warned
investors not to be seduced by sensationalism in the media. “The US economy needs
oil prices to fall and the tactic in use at the moment is the focus on the demand
side of the equation. Eventually, the supply side will come to the fore,” said the
source.

“Once investors begin to realize that all the talk of oil shale, oil sands and all
the other ‘Great White Hopes’ being touted as potential solutions to the world’s
energy problems are going to prove very expensive to implement, oil majors will
soar”, the Cornerstone Worldwide source concluded.


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