UDS operates convenience stores, and Tesoro runs gas stations in the Pacific Northwest and Hawaii, as well as exploring for gas in Bolivia. Improved natural gas prices could help some San Antonio-based energy companies. Howard Bonham, an independent oil and gas investment researcher in Houston, said he measures the merit of stock prices by comparing the market price to the value per share if the company were to be liquidated. Shareholders watching economic cycles cannot rely on inflation to automatically buoy the value of their oil stocks, as occurred in the 1970s following the OPEC oil embargo, he said. There's some evidence that deflation is more likely.
Inflation is a dead word now.
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