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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: isopatch who wrote (184006)5/21/2014 8:37:50 PM
From: JimisJim  Read Replies (1) of 206181
 
Call me an optimistic cynic... I'll believe 4 million bbls/day when that number becomes a fact... I'm not saying it's not possible, just saying it's going to take the equivalent of a "Marshall" program to do it in the 4-11 year timeframe they're talking about especially with current production falling so quickly. It will take a huge effort and large sums of money just to stabilize current production -- which should be doable in 4 years. Increasing production beyond that will take significantly more money and effort beyond the initial effort and it will have to be a sustained effort for at least 10 years. Again, I'm sure that it is possible, just not sure it will happen given the history of oil in Mexico.
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