Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who wrote (2284)	10/2/2001 9:30:40 AM
From: Joan Osland Graffius	Read Replies (1) of 36161

Frank, I believe OPEC will keep the price of oil sufficiently low as long as they can so this oil does not come on line in a big way. The is approximately a $4 differential in the cost of production. You are correct in that at some time in the future this oil will come one line and be used. I have not looked lately at the number of years of oil reserves the Saudies have left. Joan

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