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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Tommaso who wrote (136069)6/24/2010 10:01:03 AM
From: Keith Feral1 Recommendation  Read Replies (1) of 206326
 
Nice time to be dreaming up peak oil. I find it hard to imagine that the market is going to pay 2 times the marginal cost of production for oil to companies like BP which has a fixed cost near $60. We might as well start suggesting that dayrates for offshore oil rigs are going to climb to $1 million per day and this is the ideal time to buy RIG. But, anything is possible.
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