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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 386.87

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4:00 PM EST

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To: elmatador who wrote (38080)	8/8/2008 10:24:08 PM
From: gregor_us	Read Replies (1) of 218160

Yes, that ultra-deep water, sub salt-layer oil will indeed be very valuable. It better be, because it's going to take gazillions to extract the stuff and shuttle it. (I assume there's no plan for a pipeline system that far away from shore). I think the CEO of Petrobras must have got his first bills for all the test-drilling recently. His comments to the press several weeks ago that 125 oil was looking "cheap" was a signal. I'm delighted PBR and Brazil have found all that expensive oil. It's just another brick in the wall of a quickly escalating cost level, of the incremental bbl. I currently have that level at 90.00. Higher than most. But, not that much higher. Best, G

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