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Strategies & Market Trends : The Ego Forum -- Ignore unavailable to you. Want to Upgrade?

To: Amark$p who wrote (11955)3/20/2013 4:40:01 PM
From: JimisJim  Respond to of 12175
 
Agreed. That's what makes unconventional and ultradeep economical to pursue. When I think about the ave. cost of making holes in the '80s when I first got in the biz vs. now? Makes my brain hurt. You gotta make that money back or there's no reason to go after it. Is this what's happening in gold? The difference being you don't consume it so you don't HAVE to get more if demand says we're not going to pay the price for finding and processing it.



To: Amark$p who wrote (11955)3/20/2013 5:19:10 PM
From: Zincman1 Recommendation  Read Replies (1) | Respond to of 12175
 
<There is no more cheap oil left.>

How would we ever know this to be fact?

Not meaning to be a smart-ass, just raise the serious question of how would anyone ever vet this assumed fact.


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