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To: dirtboy

Velocity. Rate of production. Can production keep up with demand? It’s not what is in the ground, which is about equal to a six mile cube.


116 posted on 05/21/2008 1:03:40 PM PDT by RightWhale (You are reading this now)
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To: RightWhale
Velocity. Rate of production. Can production keep up with demand? It’s not what is in the ground, which is about equal to a six mile cube.

The only reason the velocity is not there is because investors are not convinced this is a permanent price point. Lots of investors got burned the last time around when the price of oil tanked. Once they are convinced, projects will commence with a vengence - include coal-to-diesel, which IMO is the future of American transportation fuels.

118 posted on 05/21/2008 1:17:31 PM PDT by dirtboy
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