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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End?
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To: Doug R who wrote (771)6/20/2005 2:16:19 AM
From: Raymond Duray  Read Replies (1) of 1183
 
Re: The cost of extraction is not the only metric upon which value should rest.

If only it were so simple. Perhaps you are too young to remember the Carter-era experiments with oil shale in western Colorado.

Believe me, cost of extraction is the only metric that matters more than specific gravity.
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