Gold Price Monitor Message Board

STOCKTALK

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.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: goldsnow who wrote (50300)	3/12/2000 10:46:00 PM
From: Hawkmoon	Read Replies (2) of 116759

Create alternative energy? Like we would'nt try if we could with oil at $23 as compared to $30? That is damn argument.... Goldsnow, I wouldn't count alternative energy out quite yet. You only have to look at the breakthroughs that are being made with regard to Gas-to-Liquids, or fuel cells (BLRD being a currect hot play and have raised $500 million in VC $$$). GTL technology is getting down to the point where it is cost effective in a $20/barrel market. As for disinflation caused by OPEC... when their average cost of production is $12/barrel, you can hardly call a 100-150% markup a justifiable solution. Certainly not when every other industry is facing increasing competition from more productive operations. It seems that most of you folks out here are die-hard patriotic capitalists. What is so wrong with more productive energy producers capturing more market share? The bottom line is as I predicted in previous posts, it is not in the interest of OPEC for oil prices to surge as it encourages cheating and alternative energy production. Iran showed that they finally understood the issue (probably under some pressure from the Saudis) by agreeing last week that oil prices were too high. OPEC will eventually cut its own throat. It's membership with fight a squabble from within as they once again seek market share increases. Regards, Ron

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next