Most of us doubled our paper gains within 6 weeks of the 87 fun...

Most of us doubled our paper gains within 6 weeks of the 87 fun and games.

Poseidon was fun too back in the 70's.

As were US treasury notes and Glauber international bonds (if you were smart enough before computers to work out the correlation between their movements)

But in 1947....we were producing 85 million bbls/day....just like now.

In between times we had our 70's peak consumption some 50% higher than '47 and '07.

Has anyone bothered to check on what Chevron has been doing lately ??

Yes thats right !

It's buying back its own shares at a rate of knots similar to all of the other big oilers.

They know that energy stocks are better than gold.

For every 9 barrels of oil that we consume...we dicover 1

$300/bbl by 2102 is the resistance level that indipendant agencies are forcasting.

Now I can remember pre parity, when a bbl of Bass Strait crude was measured in cents....and not many cents at that.

Why would any insto, divest itself of there long term o&g future, just because a gaggle of yanky loan sharks have been overly zealous with their loan underwriting in 06-07

Credit squeezes come and go....but oil just goes.

AOI knows this....so do the entities both side of their fence.