GREY:VFGGF - Post by User
Comment by
Kobedog1on Oct 10, 2014 1:44pm
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Post# 23019326
RE:RE:Has anyone noticed that world is awash in oil now?
RE:RE:Has anyone noticed that world is awash in oil now?
Yes Ofirme, we all know it is expensive to get oil .... that is exactly , my very point. Glad you noticed. And more of it will keep the price down. Now to figure out how to get lots of it to Europe and cut the Russians out ..... and that is coming. But for now oil is a messy business all round.
It is like the gold folks. I know something about the nature of gold exploring and production, and it takes some folks forever to realize that it is NOT how much you pull out of the ground. It is how much it costs to do that , in relation to the market price of the yellow metal. You can go Broke, while producing lots of gold. Same for oil.
You know, few have that figured out. Production is not nearly as releveant as TRUE COSTS OF PRODUCTION..... ( and that is true for anything on this planet.)
Trouble is the only folks who know the true costs of anything are the ones running the real set of books. Not the ones they talk about publicly.
Remember that for your next AGM anywhere, I might add.
Have a good weekend and do like me, try to forget about PRY......or it will spoil the important moments on this Thanksgiving weekend. .