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Gold/Mining/Energy : TLM.TSE Talisman Energy

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To: Zeev Hed who wrote (1084)	10/1/2000 3:48:25 AM
From: Vincent Ramirez	Read Replies (4) of 1713

Agree with your premise. My 50 year forecast posted at members.aol.com About $30 is where oil shale and tar sand becomes interesting, but remember, it is heavy oil, and has its own scale of economy. These are long term projects with high initial capex and anyone starting this activity has to be relatively certain that these oil prices are sustainable - and nobody will believe that for a couple of years anyway - so that puts these resources 7 years out for significant production. Hello Zeev, it's been a long time - I am living in Russia now. I was motivated to move here by the above mentioned price forecast. We are buying Russian oil in the ground at 15 cents a barrel. Thats a different game than the stock market, but both are long term strategies. Vince

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