Gold Price Monitor 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 : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: PaulM who wrote (29661)	3/10/1999 8:29:00 AM
From: long-gone	Read Replies (1) of 116764

<<"If it weren't for politics, every barrel of oil would be pumped from the gulf">> The Economist shows just how little they know about the world of oil. While it is easy to haul oil around the world via pipelines & super tankers, it just ain't that easy to haul natural gas in them tankers. AND there is the rub. Just as most gold miners also produce some other minerals(often from the same mine) most wells produce BOTH oil & gas. At times the production of the natural gas from these wells is so economical as to make the oil which also comes out very near free. Natural gas is, to some greater or lesser degree, a "local use" commodity, while the oil is a world use commodity. Yes, one will see a cross border pipeline, but few(if any) cross ocean. Wonder if the Economist also knows so little about other natural resource economics?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next