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

To: Elroy Jetson who wrote (115869)	12/28/2008 6:22:49 PM
From: tom pope	Read Replies (1) \| Respond to of 206089

The royalties are unaffected by the price of the oil that generates those royalties?

To: Elroy Jetson who wrote (115869)	12/28/2008 9:42:10 PM
From: XoFruitCake	26 Recommendations Read Replies (3) \| Respond to of 206089

"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." Heh heh, you make it sound like Bush is so stupid that he tried to put oil in SPR when oil price is high, except, of course, the critic is an armchair quarterback looking back in history.. Can you tell us what is your prediction for oil price for the next 10 years? You know, future presidents will owe you a great gratitude for foretelling the future so that they make the right choice in getting the cheapest price for SPR and save us all a lot of money. By the way, did you foretell the great fall of the oil price and made a great fortune in the last 8-9 months when oil price dropped so much? I would love to read your previous posts on that effect... If you cannot foretell this oil price fall, why should you expect anyone else to do any better? To the best of my knowledge, a lot of oil company and traders were hurt by the dramatic oil price move as well. What make you ingle out the current administration? Would the next one do any better? I would strongly suggest you submit your resume (and you posts that proved that you can predict oil price) to be our next under-secretary that in charge of SPR... I would love to save some money as a taxpayer too...I am rooting for you...