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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Moominoid who wrote (67239)8/11/2005 2:36:54 PM
From: energyplay  Read Replies (2) | Respond to of 74559
 
Exactly ! Why pay 2 million dollars to run a seismic survey on land you won't drill for 7 more years ?

So various people take the reserve number, divide by consumption numbers, and predict the sky will fall.

I'm trying to find an easy way illustrate this.

Look at the cash you have in the bank, divide by your monthly expenditures, and wait for the sky to fall. Just ignore any stocks or real estate you own when you do this.