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

To: energyplay who wrote (82126)	3/30/2007 3:33:24 AM
From: elmatador	Respond to of 206189

Sell the 60% stake the government has on PBR.

To: energyplay who wrote (82126)	3/30/2007 3:45:51 AM
From: elmatador	Respond to of 206189

Ok I agree to tell something nice about PBR, but only this time: If you have a sedentary life -get ready for a long story- your muscles get flaccid and your stamina diminishes. If you get oil at $1 to $8 out of the gorund, your oil company doesn't have to make much effort even though the oil at $1 to $8 out of the ground is in one of those places surrounding me here. But if you are used, not to sedentary life, but to hard work, your muscles are in top shape, and you have higher resistance and your heart is like a V8 engine. (I can recall when I was on my twenties climbing microwave towers, I was like a horse.) Now if you have no oil on shore, have to drill below 1.000m of water to get your oil, after a 3 decades you have become and expert on this tough ways to get your oil. When the peak oil occurs, it is similar to that black out in N.Y. No local transport. You have to walk 8Km back home. Next day you decide to go pedal your bike to work. The fit guy does that whistling his way to work. The sedentary guy calls sick. Peak oil here, PBR can go and be "the largest bidder for offshore exploration rights in the western US Gulf of Mexico for the last two years." because the sedentary guys don’t understand too much about drilling under water, then under the rock, then under the salt layer to get oil. Thus PBR was forced to go through a lot of effort to get their oil since 1973 while the other companies were happily getting easy Middle East oil. Now they can't pedal the bike but PBR goes pedaling whistling...