GREY:ROAOF - Post by User
Post by
oil-guyon Oct 26, 2008 8:00am
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Post# 15548299
2004- 49/80 barrels- 110,000,000share $2/
2004- 49/80 barrels- 110,000,000share $2/go back and read the 2004 1st quarter....no production....49 barrels/110,000,000 shares...oil price $43-$54.....
2008-240,000,000 shares- average out 2008 with 30,000 barrels which includes 5 weeks of down time- average oil price of $70/barrel.
next year oil price should improve with the implosion of the U.S dollar as everyone starts to sell U.S. treasuries and debt to raise capital.
Next week U.S will cut over night interest rate by up to .75% which will drive down the dollar.