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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (2484)3/18/2004 11:24:24 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 116555
 
NIMBY: not in my back yard (LNG, refineries, more) / jw



To: mishedlo who wrote (2484)3/19/2004 12:59:09 PM
From: excardog  Respond to of 116555
 
One thing to keep in mind on the the oil majors is they are demanding a 20% return on any project or they walk. This is one of the reasons our boys passed in SA.

Not sure why 20% but on big projects the investment runs into the billions so there aren't that many players.


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