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To: IMR 4350

$12-15 are about what it’s worth. Everything else is slush.


49 posted on 05/31/2013 10:30:15 AM PDT by Monty22002
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50 posted on 05/31/2013 10:32:00 AM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: Monty22002
$12-15 are about what it’s worth. Everything else is slush.

You try producing oil for that price today. The easy-to-get oil is running out. The cost of the deep shale wells with multi-stage fracking and mile or two long laterals are not cheap.

If the cost to produce was like you suggest, the profit margins from the oil companies would be more than a magnitude higher.

52 posted on 05/31/2013 11:18:11 AM PDT by thackney (life is fragile, handle with prayer)
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To: Monty22002

Obviously you don’t have the slightest clue what it cost to get a barrel of oil out of the ground and to market.

Stick to something you know something about, oil isn’t it.


58 posted on 05/31/2013 11:49:07 AM PDT by IMR 4350
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