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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.93-1.8%Nov 14 4:00 PM EST
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To: Metacomet who wrote (6777)5/25/2006 6:49:47 PM
From: energyplay  Read Replies (2) of 217791
 
So roughly a marginal cost of $20 ? It is intersting to learn the marginal cost, since if crude falls, that will determine the price level where the tar sands plants will be shut down.

Longer term, the > $70 oil price will feed through to both new capital equiment prices and expenses.

Those giant tires on the mining trucks will keep going up in price.

Kurt Wulff on www.mcdep.com expects $ 150 oil and $ 30 Natural gas in 2010, about 4 years away.

I was surprised at those numbers. Mr. Wulff is not given to flights of fancy, he's pretty conservative.
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