OTCPK:WSRLF - Post by User
Post by
Tomkinson Oct 07, 2008 9:09pm
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Post# 15512200
Re: Oil Price
Re: Oil PriceYou are right that for the most part the oil sands cost per barrel is between 60 and 70. But the newer plays that were not established until very recently have costs between 70 and 80 dolars per barrel. It has also been stated that OPEC would support the 100.00 dollar price so if the price continues to drop below 90.00 I do believe that OPEC will step in and cut production. The OPEC nations need that price as their spending programs have been raised and they need that price to continue their way of life. $0$0$0$0One thing I have noticed is, that the larger the correction at this time of the year. The higher the price goes in the spring.$0$0$0$0