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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 442.03-2.6%4:00 PM EST
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To: yoremopnhoj who wrote (92296)7/7/2012 9:51:45 PM
From: bart13  Read Replies (1) of 220055
 
He needs to do a lot more research on actual and total costs plus the fast depletion rates, even with multiple fracking on the same well.

I've done much research and am reasonably confident in the $85 current best guess, and am also willing to let him have his opinions.

These also seem to apply in the area, and not necessarily about his views.

"There can be few fields of human endeavor in which history counts for so little as in the world of finance.Past experience, to the extent that it is part of memory at all, is dismissed as the primitive refuge of the those who do not have insight to appreciate the incredible wonders of the present."
-- John Kenneth Galbraith


"One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of the bamboozle. We’re no longer interested in finding out the truth. The bamboozle has captured us. It is simply too painful to acknowledge - even to ourselves - that we’ve been so credulous."
-- Carl Sagan

"The propensity to swindle grows parallel with the propensity to speculate during a boom... the implosion of an asset price bubble always leads to the discovery of frauds and swindles"
-- Charles P. Kindleberger, economic historian
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