PEAK OIL - The New Y2K or The Beginning of the Real End? Message Board

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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End?

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To: Doug R who wrote (855)	8/11/2005 2:02:58 PM
From: Triffin	of 1183

Doug R. 83%! A slight adjusment. And .. It's still a hell of a deal @ $60.00 oil !! Invest $2.7 billion to produce 36.5 million barrels per year .. or in other words a capital cost of $74.00 per barrel of production .. results in $2.190 billion gross revenues .. Obviously there are lots of other costs; but the payback looks to be pretty quick .. No wonder everybody is expanding production .. Triff .. crude @ $66.00/barrel today

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