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To: RightWhale
Heard that a thousand times. It’s been fundamentally wrong every time.

Exon and Shell have some new technology to heat the oil in place and tests have led to costs of $30. It is just a stop gap until ethanol can be made from cellulose and coal gasification looks good also. Lots of new stuff is not viable with crude prices where they are at.

66 posted on 10/17/2007 2:47:17 PM PDT by mountainlyons (Hard core conservative)
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To: mountainlyons

The cost of producing Saudi oil is still $2. Nobody will process oil for $30 plus. They can’t compete.


67 posted on 10/17/2007 2:51:51 PM PDT by RightWhale (50 years later we're still sitting on the ground)
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