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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: teevee who wrote (158725)10/21/2011 3:17:16 AM
From: clochard1 Recommendation  Read Replies (2) of 206094
 
Reverse-engineer the logic of the oilmen and their limited investment horizon: the lack of any plans to build refineries and other value-adding infrastructure for tar sand oil and fracking gas can lead to any of the following assumptions:

1. The environmental damage of the extraction processes is so large that the oilmen fear the legal and liability backlash.

2. The depletion is so fast that the oilmen will have to move on to fresh fields to sully.

3. The economics are only possible during times of high energy prices and speculation funds provided by their partners in crime, the bankers.
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