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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (36448)	7/29/2005 1:12:52 PM
From: GraceZ	Respond to of 306849

The world's biggest oil companies are failing to get value for money when they explore for new reserves, according to research by Wood Mackenzie, the energy consultant. I see a plea for government assistance and tax breaks in our future! I guess Exxon-Mobile might have a place to spend that record profit after all. You'll also see rising average cost in just getting oil to market....why? Because a higher sale price for oil gives marginal producers a reason to fire up those less profitable operations. Low price brings out efficiency in operations even while it tends to squash exploration. High price brings out the cowboys and those who tend to throw money down the toilet.