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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: arun gera who wrote (18358)3/7/2009 1:12:40 PM
From: zamboz  Respond to of 71456
 
Hmmm. Looking around the web, I do see costs like that for some countries. That may only include the cost to get it out of the ground. Here is a link that includes all costs, though it does not break it out by country. It is more in line with what I had been thinking.
eia.doe.gov
As always, any insights or counter arguments appreciated.



To: arun gera who wrote (18358)3/7/2009 1:16:07 PM
From: Real Man2 Recommendations  Respond to of 71456
 
No. 60% of current supply is unprofitable at this price, and
the death of oil demand is exaggerated. Basically, oil
has to return to $85 plus, and $60 plus soon.





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