Ed O in PA

Oil Stocks: Where Can You Find Black Gold?

Stabilization of crude? Why not then your salary? Or the size of your car, house etc etc. Let free markets decide. Of course since OPEC is a cartel, our crude markets are not free. Perhaps we should figure out a way to break up the cartel. Why do you never hear talk about that?



On Jan 09 10:23 AM Whippet wrote:

> Nice comment, Michael66. While I agree with all of your arguments,
> most of these technologies and recent discoveries only break even
> (some even lose) at current crude prices- I would use your same arguments
> as support for a long term stabilization in crude prices in the $60-80
> range. And there most likely will be another spike in the near term
> (that is, once the current supply glut is exhausted) due to the current
> freeze in capex by the majors. Until the new discoveries you speak
> of are brought online (Brazil's discoveries, while enormous, are
> under extremely deep water and will not be developed until demand
> for crude is established again at a higher level) they offer no supply
> support.