Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: humint

Historically, a barrel of oil has cost 0.09 ounces of gold. At current gold prices, that means oil should cost around $40 barrel. Accordingly, I expect the price of oil to decline over the next few years. This will probably be helped by a major new oil find since explorers have an incentive (oil = 0.14 ounces of gold) that they haven't seen in 25 years, the last time there was a major find.


5 posted on 08/03/2005 8:18:14 AM PDT by SolidSupplySide
[ Post Reply | Private Reply | To 1 | View Replies ]


To: SolidSupplySide
From the EIA In June 2004, the Iranian News Agency reported that Iran had discovered two new natural gas fields in the Persian Gulf, one at Balal and the other beneath Lavan Island (with possible reserves of 7 Tcf).

Iran has huge natural gas reserves that it could use to run power plants. Can you think of any reason why they would want to waste their money on nuclear energy? The Russians have told them flat out that their business model is bogus if the plants they are building there are for energy production alone.

7 posted on 08/03/2005 8:28:21 AM PDT by humint (Define the future... but only if you're prepared for war with the soldiers of the past and present!)
[ Post Reply | Private Reply | To 5 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson