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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 385.42-0.3%Dec 8 4:00 PM EST

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To: Haim R. Branisteanu who wrote (36167)6/27/2008 10:40:32 AM
From: elmatador   of 218262
 
PBR presently estimates lifting costs of $8.21/bbl. But let's predict
> disasters and triple that to $25/bbl. That is half the price of
> mining, washing, and cracking tar sands. PBR has stated that as long
> as crude sells for > $35/bbl, they will be profitable. If you think
> crude will ever again sell for $70/bbl, I have a pickup truck I'd like
> to sell you.

finance.google.com

Oil production, or lifting, costs in Brazil jumped 20 percent from a year ago and edged up 1 percent from the preceding quarter to $8.66 per barrel.

SOURCE:
straightstocks.com
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