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Salto, you have to imagine that oil is as cheap as water to pump...

  1. 31 Posts.
    Salto, you have to imagine that oil is as cheap as water to pump out of the ocean, it still has a cost of production and when you have competing countries that can lower the value of their dollar and when before they were getting 32 roubles per cost of production and now are getting 45 so in effect are not losing a single cent but instead gaining then you are competing in that market and you are trying to say that people should accumulate in that market then I say you are crazy IMO

    There are minerals that are on asteroids that are insanely valuable but that still doesn't make them a commercial proposition because competing suppliers can offer them at a lower price and that is what the oil and gas market has changed into in the last couple of weeks IMO
 
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