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Gold/Mining/Energy : Peak Oil - Not If but When -- Ignore unavailable to you. Want to Upgrade?

To: veritas501 who wrote (99)	1/31/2011 8:17:15 PM
From: Drygulch Dan	Respond to of 129

Thats okay, they grossed 30 bills and spent 5 bills on stock buybacks this past year. I don't look a gift horse in the mouth and wouldn't recommend it to my friends either. I like Orwell he wrote some pretty creative stuff. I've made some pretty good coin off of the big X so far this year and I hope to make a bunch more.

To: veritas501 who wrote (99)	2/15/2011 2:48:47 PM
From: Drygulch Dan	Respond to of 129

Well it took a couple of weeks, but here is some of that type info from Exxon: "Says additions to Proved reserves in 2010 Totaled 3.5 billion oil-equivalent barrels" "Reserves additions replaced 211 percent of production." "Proved reserves increased to 24.8 billion oil-euivalent barrels" "reserves life at current production rates is 15 years." "Reserves base is split between 47 percent liquids and 53 percent gas" "Reserves include 2.8 billion oil-equivalent barrels from XTO" all from a news release today. 15 years is okay for me, since I tend to trade on the 3 to 5 day basis.