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

To: upanddown who wrote (70444)9/5/2006 5:12:27 PM
From: Brumar89  Respond to of 206326
 
We are unlikely to see a drop of it without tens of billions in costs and a minimum of five hurricane seasons.

True.

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.

I don't think its wishful thinking. There are a limited number of "elsewheres" that are open for investment.


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