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

To: energyplay who wrote (57081)	10/29/2009 7:47:23 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 218178

here's a question: underneath the city of paris, i'm told, is one of the largest oil reserves in the world. any thoughts on that?

To: energyplay who wrote (57081)	10/30/2009 4:02:12 AM
From: Elroy Jetson	Respond to of 218178

Large oil firms typically sell or lease out marginal oil and gas properties to firms with lower overhead. Declining oil prices have created a new portfolio marginal properties. The capital of large firms is best redeployed into new projects which require massive amounts of capital and engineering talent which few others have access to. Also it is obvious that Conoco-Phillips and many other oil firms are less optimistic about future oil prices than others in the market. .