To: Crackingham
What's interesting is that at this price level less-economic oilfields and crude oil alternatives such as oil tar sands, oil shale and coal liquification suddenly becomes quite profitable. That could result in a lot of crude oil dumped into the market over the next few years and the result could be a price crash from US$62/barrel to under US$40/barrel in short order.
To: RayChuang88
Well, if Canada wants to sell all it can as quick as it can.
12 posted on
08/08/2005 8:14:43 AM PDT by
The Red Zone
(Florida, the sun-shame state, and Illinois the chicken injun.)
To: RayChuang88
don't worry - as soon as those supplies come on line at a $40/bbl oil equivalent - oil will be $38 a bbl to wipe out those investments. that's why those investments will never be made in the first place, the price of oil is manipulated.
To: RayChuang88
December 2005 price predictions anyone?
46 posted on
08/08/2005 9:12:10 PM PDT by
WOSG
(Liberalism is wrong, it's just the Liberals don't know it yet.)
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