Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: BigBull who wrote (38646)	3/2/1999 10:36:00 AM
From: Big Dog	Read Replies (3) of 95453

Where did all the oil go? Within days, state oil monopoly Petróleos Mexicanos is expected to announce that the nation has proven hydrocarbon reserves -- crude oil and its equivalent in natural gas -- of around 30 billion barrels. This is approximately half the 60.2 billion barrels announced by Pemex Director General Adrián Lajous only a year ago. **Important** One of the biggest reasons for the lowered estimates is that the count is based on a drastic drop in oil prices. Reserve estimates are not just a measure of the amount of oil in the ground. They reflect the amount of oil and gas that can be profitably produced. Is this the first of things to come...??? Reserves around the world will be downgraded at $12 oil...sit and watch. Oil surplus? Not at this price. Not for long. Slider...I bet you are licking your chops. See full article at: chron.com big loosbrock.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next