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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: DebtBomb who wrote (188052)3/3/2009 9:19:29 PM
From: energyplayRead Replies (2) of 306849
 
$300 oil in three years ? Maybe if the US Dollar loses 75% of its value.

At even $200, Brazil can drill all that below salt oil, Canada can gear up the oil sands.

Every stripper well will be scheduled to be reworked. Stripper produce under 10 bbl/day, usually around 2-3 bbl.

2 bbl per day is $200,000 per year. If you can spend $ 30,000 to double that prodcution for the new two years, how fast do you think that will happen ?

The conservation activity will go crazy... $ 8.00 gasoline.
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