06-06-2008, 07:55 PM | #1 | |
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Shock the Monkey
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"Five to one... One in five No one here gets out alive" |
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06-06-2008, 08:41 PM | #2 |
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Thankfully we've got our best man on it:
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06-07-2008, 01:07 AM | #3 | |
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Quote:
This partially explains why the oil majors are not acting in a way that would increase supply dramatically. They are very conservative and still deciding capital projects based on a much lower oil price. They're not approving projects that would make profit on $70 a barrel because they don't expect this to endure long term and don't want to get left holding the bag. They're approving projects that make profit at $45 a barrel and grinding things out, not making dramatic shifts in production. Not to mention other factors, such as length of time for these projects, limited opportunities, etc. |
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