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

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To: Jim P. who wrote (186910)	12/5/2014 7:00:29 AM
From: dvdw©	Read Replies (1) of 206338

You said" Until recently most oil companies did not believe or were skeptical of the sustainable profitable growth in light crude via shale." Largely true. most oil companies are staffed with folks educated to the belief oil is a fossil fuel. We could not expect them to go against their sustainable education platform that guaranteed their existence....could we? One of the very best examples of counterprogramming entrenched inertia, was the early willingness of Statoil to buy Brigham and get into the differences in mining particulate versus the old school. They paid 4.4 billion to take over the company, a cursory analysis is that they have cash flowed 12.5 billion at a minimum from that action. Further they are now positioned with the understanding about the product which they did not have when the risk was taken. We will see them make better investment decisions as a result of their willingness to get in the trenches in the laboratory that is the Bakken. Mexico looms large so don't be surprised if they become smart money. Capital will continue to flow to better methods and practice.... knowledge is a phenomena of mind and those hoping for a sustainable future, within this space, are not going to sustain much at all. Beliefs based on mythology lead to mal investments, assumptions and concepts like sustainability....locks in conditions of inertia as primary features of the organization holding onto them.. sustainability is the key word in the vocabulary of those who wish to remain" Only Fully Prepared for the Past." whenever the word is used....consider the user, a mouthpiece of a bought and paid for matrix.

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