Michael. Magic Calculator time, says. 1 billion barrels at $10...

Michael. Magic Calculator time, says.

1 billion barrels at $10 profit per barrel=$10 billi

3.4 b barrels at $10 profit per Barrel =$34 billion

The interesting bit comes when POO gets over $60 the figures become unbelievable then and mind boggling, remember that we are looking down the line a year or two where POO could be $70 plus meaning $35 profit per barrel $119 billion. Now add in some conventional oil say 2 billion barrels for arguments sake and that's an extra $70 billion making a total of $189 billion. A buyout price of 10% of total value would give us a MC of $18 billion now that's worth waiting a few years for