geologist

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    • Mon Sep 24th 16:01 PM | Rating: 0 0
      Commented on:
      The Oil Scam Driving Crude Over $80
      Would be much more interesting/convincing if the author would plug in how the world demand and actual supply/production of curde oil fits into the futures market and the price of crude. First qeustion i would like to know is if the author knows taht we are really in a shortage of crude on a world wide basis ..... there is plenty in storage/inventory, but at the rate the world uses it, the inventory is insignificant. Second question would be doesnt the author think that Exxon has viable crude prosepcts they could drill that are worth the effort in terms of actually adding any meaningful reserves ---- he sounds as if he thinks that Exxon could use their Captial to go out and simply drill and find significant reserves at anytime they want to ..... I have been afraid to invest in the company due to knowing that they cannot replace reserves due to a lack of new prospects to drill (me, along with many other prospect geologist who know the world energy situation. Regards, DRP
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