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To: HamiltonJay
"THe problem though is OIL is basically overpriced right now due to market manipulation, NOT by a supply limit. And will, once the bubble pops return to $30-$40 a barrel range prices.. which will make shale oil extraction impractical. Spend all the money and time to start getting it out, only to see the price drop to where its unprofitable to pump it out."

BINGO!

We HAVE a winner!
(Nicely put, BTW)

30 posted on 09/02/2005 5:58:59 AM PDT by Redbob
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To: Redbob

...and what particular aspects of the supply/demand situation are you using to back up your assertion that this is an oil bubble? Other than saying so?


32 posted on 09/02/2005 6:03:04 AM PDT by Old_Mil
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