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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Peter van Steennis who wrote (91138)9/25/2007 11:08:57 PM
From: Broken_Clock  Read Replies (1) of 206131
 
I wouldn't hang my hat on cheap oil in our future.

It is a scientific fact that the US, North Sea and Mexico are all in a declining production phase.

I doubt it matters how oil was originally formed. What matters is how much is available and at what cost to bring it to market. Seems to me that Putin would be pumping for all he's worth at $82/bbl. Maybe he's waiting for ???
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