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Biotech / Medical : Biotech Valuation

CRSP 53.02

-4.1%

12:26 PM EST

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To: tom pope who wrote (21212)	9/10/2006 2:36:36 PM
From: IRWIN JAMES FRANKEL	Read Replies (1) of 52153

OT >>Show us the money, we'll find the oil. Said another way: When marginal revenue per barrel of oil exceeds the marginal cost (full cost) the production will increase. I certainly do not dispute that. But the suggestion in the press that the recent find in the gulf means that we are not at peak oil production is misleading many voters. That is important since it will The world is at peak production of oil from traditional sources. If world GDP continues to grow, the demands on the energy complex will force energy prices higher to fund increased production and refining from non-traditional sources. ij

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