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Gold/Mining/Energy : Oil & Gas Price Economics
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To: Vincent Ramirez who wrote (299)10/9/2000 6:41:35 PM
From: excardog  Read Replies (1) of 350
 
Vincent, excellent piece one question though it was written in July of 1999 have opinions changed regarding the predicted severe price pressure between 2004 and 2010? It would seem to me that consumption rates may be a bit higher than one may have expected when this piece was first written. Your question regarding depleation rates leads me to believe you may be asking yourself the same question. FWI most of the E@P's I follow had lower production rates in Q2 of this year but I'm waiting for Q3 numbers to see if a trend is forming. Will also be on the watch for year end reserve replacement numbers, although the PV10's should be higher due to pricing one will need to dig into the actual reserves to get a true picture. Thanks for any input.
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