Seeking Alpha article:http://seekingalpha.com/article/938651-exxon-mobil-millionai...The key point for long term investors:In fact, from just a single share, dividend reinvestment, and quarterly recurring $100 investments over the past 40+ years would result in a stock position worth over $1 million. The single share was purchased on May 4, 1970 for $53.75. Then all dividends are reinvested as well as just $100 every quarter. This slow share accumulation shows patient investing. From just 1 share, the splits, dividends, and reinvestment eventually expand to 11,359 shares, worth just over $1 million.I'm just hoping it continues going forward. In a world where transportation is based on oil, I believe it will if world economies continue to grow. Maybe not as fast ....... but fast enough. It's going to be a long time before anything replaces oil in transportation.The IMF recently published a working paper looking at how future increases in the demand for oil might impact prices. http://www.imf.org/external/pubs/ft/wp/2012/wp12109.pdfFrom their conclusions:Our model performs far better than competing models in predicting either oil production or oil prices out of sample, in a field wherepredictability has historically been low. Our empirical results also indicate that, if the model’s predictions continue to be as accurate as they have been over the last decade, the future will not be easy. While our model is not as pessimistic as the pure geological view, which typically holds that binding resource constraints will lead world oil production onto an inexorable downward trend in the very near future, our prediction of small further increases in world oil production comes at the expense of a near doubling, permanently, of real oil prices over the coming decade.
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