Ballard Power -world leader zero-emission PEM fuel cells Message Board

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Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells

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To: Sid Turtlman who wrote (2475)	4/30/1998 7:53:00 AM
From: michael a. rowe	Read Replies (1) of 5827

<<<In that event, what would the price of oil be? About $3 per barrel in current terms. Why? Because the actual cost of finding more oil in the lowest cost locations is about $2 per barrel. In a world without governments all the oil would come from the lowest cost locations, just as all commodities do, and the costs are very low in places with huge reserves. The only reason that oil is $16 a barrel now is that the OPEC cartel artificially restricts supply.>>> I hope everybody read this statement that you made....its absolutely incredible!!! Your not even beginning to look at the actual costs invovled in producing and using oil. This just makes no sense at all to me. mike

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