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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: patron_anejo_por_favor who wrote (57120)3/29/2006 5:22:29 PM
From: TobagoJack  Respond to of 110194
 
<<but how much does each person use in a lifetime>>

... I would use the usa standard, meaning 27 barrels per year per family member.

... in my case, my family will be needing 5,805 barrels, and at 64/barrel, makes USD 371k of the 2006 variety (looking at that number, i am guess USD 371k will have to be whittled down a bit else the world ain't going to make it at the usa standard, either that or oil will have to drop to the mid-teens)

should everyone buy an equivalent amount x their remaining life span, i would sell my barrels to them ... at the then price of USD 800/b, add some oil sand at then 50/b, and move to low energy intensive island, :0)

as matters stand, we hk residents pay USD 8+ almost 9- per gallon of gasoline for the SUV, so USD 800/barrel for crude seems reasonable aready.