Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Big Dog who wrote (7752)	1/12/1998 8:28:00 PM
From: Broken_Clock	Read Replies (2) \| Respond to of 95453

Mike, You seem to know the oil bus. better than most here... re. the links i posted: 1.Is anyone discovering any new large oil reserves in areas previously not thought of? 2.What do insiders think of existing reserves and the capability to supply the increasing oil demand? My uncle got in on the last oil boom and bought up old reserves when prices were high.They would somehow pressurize the oil to drive it out(I think).It worked fine while the price of oil was high. He raced his formula 1 cars and had a great time...till the bottom fell out of oil!Now he works part time and lives on social security.He was completely wiped out at age 58.Just another 80's oil story. The point is, there must still be lots of oil in known reserves. It's just that the price has to come up to justify pulling it out of the ground.Is that correct? Dave