VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: bela_ghoulashi who wrote (1822)	9/16/2000 11:48:47 PM
From: Sully-	Read Replies (1) of 65232

Hasn't that tax been around for a while already? The article notes that even if oil went down to $25 US, it would only mean a few cents less for Euro consumers. I still think that a lot of wells that shut down when oil went below $10/bbl will be pumping for all their worth soon/already & some wells are now profitable to pump again because new technology has dramatically dropped the cost of extraction. It's not a question of adequate supply IMO. Price will bring a lot of non-OPEC oil to market as long as oil stays above $20..... that's a long way for prices to fall & still make black gold..... gold :-\| Ö¿Ö Tim

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