Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: cyesp who wrote (115867)	12/28/2008 6:19:05 PM
From: Elroy Jetson	6 Recommendations Read Replies (2) \| Respond to of 206087

You're trying to confuse yourself. When we take the U.S. Dollars owed to us in royalties in the form of $130 a barrel oil, instead of U.S. Dollars, we are not getting a bargain. We merely paid $130 a barrel for oil that won't be used for many years. If we traded royalties or U.S. Dollars for oil at $34 a barrel we would have all been far better off - receiving nearly four times as much oil for our royalties or U.S. Dollars. The best time to fill a Strategic Oil Reserve is when the price of oil is cheap, unless you're running some kind of scam. .