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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?


To: GraceZ who wrote (7641)3/11/2006 10:14:58 AM
From: Lhn5Read Replies (3) | Respond to of 24758
 
<<I might be thoroughly motivated to sell the oil in my field but if it takes more money to lift it than I can get in price it'll stay in the ground.>>

C'mon, Grace...if it takes more money to lift it then you have NO motivation.

Aha: Another question...if there is so much more oil supply that will be coming 'sooooooooooooooon' from all over the world, why did US production peak and decline over the past years? If the other sources around the globe will provide massive supply now that prices are higher, that is fine, but at some point the supply won't dwindle? Where do you get the theory that oil fell into earth from space and there is hundreds or thousands of years of supply to find? I would like to read more about it.