Quote:
Originally Posted by Iciclehead
Well into tinfoil hat area with this note....and the chances of $60/bbl oil for 5 years is the square root of dick-all.
Considering cost of production outside of ME, natural price is likely in the $85-$90 range. In the event that oil prices were to stay at $60 as you suggest, we are just setting up another bust/boom cycle as investment will drop off radically at $60 for any length of time.
Also will cause repercussions due to impact on some pretty unstable and unsavory regimes. Cornered rats do the darndest things...
Dennis
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Yep Puty ain't goin no where...the Russians are used to adversity..the old saying is that the Russians don't get going until the going gets tough.