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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (828815)	1/9/2015 1:27:18 PM
From: combjelly	1 Recommendation Recommended By tejek Read Replies (3) \| Respond to of 1575181

He is right. They won't last. Right now prices are low because the Saudi's want them that way. Whatever their reasons, that isn't going to change over the next few months. Nor are the economies of China and India going to reverse in that time frame. Given that the tar sands have a break even point of around $62 a barrel, that part of the pipeline won't be used any time soon. It may be viable at some point, but it may not. Regardless, it isn't a top priority. Especially in light of the fact that the Canadians have sharply cut back on investment. By the time prices are up again, we will be producing even more oil. So, not many jobs. Questionable amount of production. So what are the reasons again?