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Old 10-08-2008, 11:33 AM   #7
stefaan
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Cool Re: Analyst sees oil dropping to $50 on global economic slowdown

Quote:
Originally Posted by Richard T View Post
Hi Stefaan.
... Simply makes them look better (or not as bad).
... Extraction from tar sands, like they do in Alberta, Canada, is quite expensive though.
Is the "basket" price the price to produce the oil?

Peak Oil tells us production costs will raise higher and higher.
But then you have indeed, dominee Lindsay Williams who claims there's an oil field above Alaska twice as big as the greatest fields in the middle-east. In his view peak oil is a hoax.
Who can we believe these days?
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