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

To: CommanderCricket who wrote (70443)	9/5/2006 10:36:00 AM
From: upanddown	Read Replies (1) \| Respond to of 206326

and let's not forget the PERHAPS in the 15 billion barrels. We are unlikely to see a drop of it without tens of billions in costs and a minimum of five hurricane seasons. I think it is wishful thinking to expect the oil majors to put that kind of money into the GOM after the damage inflicted by recent storms. Many of them have decided to spend their cash flow elsewhere.

To: CommanderCricket who wrote (70443)	9/5/2006 10:47:17 AM
From: ChanceIs	Respond to of 206326

>>>7,000 feet of water! It will take years and high priced oil to get this project moving<<< Hey. The Titanic is down 12,600 feet, and people have been married on her bow. 7K feet is trivial. <G> I agree with Sen Feinstein. We should raise the royalty payments on those GOM leases. That oil comes to the surface for free, and w/o risk or investment. <GGGGGG>