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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: Yarek Szolomicki who wrote (5628)	12/2/1998 4:02:00 AM
From: oilfinder	Respond to of 24925

Lifting cost = cost of production for the Saudis since they own the oil = 1.50 dollar/barrel. MAD

To: Yarek Szolomicki who wrote (5628)	12/2/1998 9:02:00 AM
From: Kerm Yerman	Read Replies (1) \| Respond to of 24925

Yarek / Crude Oil This article may interest you. Message 6641679

To: Yarek Szolomicki who wrote (5628)	12/2/1998 12:23:00 PM
From: Doug	Read Replies (1) \| Respond to of 24925

Yarek/Saudis : I believe it is $5 nett. As you know, most of their wells are elephants. (>30,000 barrels/day). The Saudi deficit is much smaller than that of the S.Americans enabling them to sustain a price war much better than any one else. The best answer to the problem is for OPEC and The OIL world to develop a new Marketing Strategy. At the Oil pumps in China and India they should give away a Car Coupon valued 20c to the dollar towards the purchase of a new car within 3 yrs. That way they will encourage those populations to buy more cars and consume more OIl. Hows that for strategy.!