2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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

GLD 366.07

-0.1%

Nov 6 4:00 PM EST

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To: dvdw© who wrote (100892)	6/3/2013 4:24:43 PM
From: bart13	Read Replies (1) of 217561

Truth on that Sagan quote, and there's also ones like "It's different this time" or "The market can stay irrational longer than you can stay solvent", the point being that there's more than enough room for both views to be wrong. As far as the Bakken, your use of "better" as in 'In the better Bakken' is very much what I'm saying. There are areas that can be profitable, but the losses elsewhere in the not-so-good areas are very substantial. And the gigantic depletion rates in all areas don't augur well. Technology can and will make a difference, and my view is that the full story will end up being much like the experiences at Cantarell and in Mexico as a whole. I'm not very optimistic, given that bankers are behind the whole shale & tight game.

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