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

To: CommanderCricket who wrote (135063)	6/15/2010 3:47:48 PM
From: Eric	Respond to of 206209

That's correct CC. But remember oil is priced in the "world" market. Not ours. In the end UDW will bury inself in ever increasing costs vs returns. The coffin corner is coming.... Only a matter of time.

To: CommanderCricket who wrote (135063)	6/15/2010 3:50:21 PM
From: Elroy Jetson	1 Recommendation Respond to of 206209

Since BP's large competitors already use and pay for industry standard safety equipment and practices they will not incur any additional costs. On the other hand, pirate firms like BP will see their costs spiral, and rightly so as they have been endangering the entire oil and gas industry. What will cost legitimate oil and gas firms more is additional funding for their industry co-ops, Marine Spill Response Corp and Clean Seas in Alaska. While well capable of dealing with routine spills, these co-ops have never been resourced to deal with a disaster the size of BP's blow-out. This is a legitimate criticism, yet the required resources are going to be very small as a percentage of industry profits. This under-funding has not been economically rational. The reality is no one in the industry expected that a member like BP would operate in such a dangerous manner. .