oil price historical facts, page-3

heaps and heaps and heaps.


PK, depending on where you measured the growth in price from, if it continues to rise the way that it has since April 07, it's likely to hit $200 by April 2009, not 2010!!


I think (might be stating the obvious here) that the 3 most important things for ELK are:

# of barrels of oil Reserves
How much will come out how soon
When they can start getting it out


Oil price somewhat irrelevant until they can start getting it out of the ground.