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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Kayaker who wrote (65740)6/12/2006 12:28:30 PM
From: B O Trust  Read Replies (1) of 206098
 
That Lord has his own agenda. Who can take him seriously? If the oil price goes down many oil companies just have to drop production from marginal fields with no or negative profit and another thing Tom Pope points out is Browns statement:

"
these two statements are mutually exclusive. At $25 oil sands don't work.

But is is very likely that oil prices will range in the medium term around an average of $40 (per barrel). In the long run it could even be $25 to $30."

and this, in the next para:

The extraction of crude from oil sands also bore great potential, he added.

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