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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (44617)	6/4/2005 8:48:48 PM
From: Tommaso	Read Replies (1) \| Respond to of 206363

Thanks--takes a minute to download and then open Adobe (anyone know how to reconfigure Internet Explorer so it does not send PDF files to MS Word?).

To: Dennis Roth who wrote (44617)	6/4/2005 8:58:12 PM
From: Elroy Jetson	Read Replies (2) \| Respond to of 206363

For a major oil company, there is little problem with sitting on an oil or gas deposit for many decades until the rising price of oil: a.) improves the economics of the project; b.) creates increased demand for the project which offsets concerns for many; c.) provides such a large economic surplus that more expensive mitigation measures can be afforded; d.) and the progression of technology makes better production techniques available. In the 1980s I worked on projects which Chevron first began in the 1930s. Nothing unusual with that. Major oil companies do have a problem when a corrupt President directs his government to steal their project while they are patiently waiting. .