SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Booms, Busts, and Recoveries
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: AC Flyer who wrote (55503)11/3/2004 3:59:00 PM
From: Snowshoe   of 74559
 
>>50.00 a barrel is plenty to ensure increased production and increased exploration<<

The big oily companies were repeatedly burned by falling oil prices, so they're conservatively basing their current project planning economics on $30 oil. Doubt we'll see that again, but I think it could bottom out at $40 within the next two years.

Oil stocks could be a good buy when oil drops to $40. Yes, despite my dislike for dinosaur energy I do trade these stocks. Gotta save up for my electric TZero, you know... acpropulsion.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News