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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (41317)	10/14/2008 6:50:22 AM
From: elmatador	Respond to of 217802

Look this lurker from the BBR writing here! I guess all of them come here to drink from the fountain of wisdom that is Elmat's thread.

To: Snowshoe who wrote (41317)	10/14/2008 11:56:15 AM
From: koan	Read Replies (1) \| Respond to of 217802

>>we are making so much money from these high oil prices none of it matters<< >>Sorry Koan, Just like Klaser does with Elmat occasionally, I have to throw some cold water on your excitement. The Alaska Permanent Fund market value dropped from $34.2 billion on September 18 to $29.6 billion on October 9. Oil production on state leases is declining, and the price of oil is falling... Permanent Fund, oil income stung by financial quagmire STATE NOT PANICKING: Global meltdown has cost Alaska billions, but we're in relatively sound shape. adn.com; koan: " I was speaking of the long run. I believe we are at peak oil and we have over 100 billion barrels of additional heavy oil and lesser deposits which are economically viable, at prices above $80. We also have huge amounts of NG and coal, so I expect Alaska will continue to run large surpluses. I also expect oil prices to work their way up to $200 a barrel over the next five years based on Asian demand. NG deposits could surpass one quadrillion cubic feet, counting methane hydrates. Cheers, northern friend