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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: russwinter who wrote (36668)11/17/2004 6:41:28 PM
From: quehubo  Read Replies (1) of 206182
 
Yes but the majority of the extra oil from OPEC's maximization is heavy.

#2 oil is becoming a major issue, I dont know where the hell the demand is coming from. But with the USD where it is oil prices need to be very high to attract #2 oil imports.

Now we look forward to 2005 where Jim_P and the EIA are the only two voices expecting FLUSH production or an increase in production. Data indicates a steep drop off in production for several years and many quarters of very high drilling activity levels. So I guess the incremental wells to be drilled now at higher prices are the more prolific ones and the thousands of wells drilled in the last year are just flush production and not FLUSH production.

Down to 10% cash, nice entry opportunity off of the EIA data with all the confusion after the data.
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