The Market Hick

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Maximax,

I have been reading some of your past comments on SA and have a few questions for you.

You seem to believe that all the low cost discoveries have been made. How extensively have the countries of China and Russia been explored? Could it be possible than new major fields have yet to be found in these countries that could bring a substantial amount of cheap oil to the market?Also I have the impression that Russia's fields are very poorly run resulting in low recoveries of potential reserves, couldn't enhanced recovery techniques there lead to a 10%-15% increase in production as some claim?

What disagreements do you have specifically with the abiotic theory of oil generation?

If Brazil's offshore fields can be developed and we can get say 1.5 million bopd from ANWR and say another 200k from new offshore sources,could we not see a sustained period of sub $100 bbl/oil(I'm also making a big assumption that new oil discoveries in onshore fields in North and South America replace declines in production from currently active fields)?

I have never seen you opine on the Pickens' Plan.Care to share your thoughts?