For sure. I have been a member on Mr. William's site for some time now.
I got out of school almost a year ago... among myself and my good bros:
I'm laid off
2 marketing guys are laid off
MBA: guy is working at Lowes
another is delivering mattresses.
Yea its scary how fast people are giving into his wishes... like their hypnotized.
No other president in recent times has been able to get something as substantial as the stimulus in their first 6 months... and he will probably get health care too...
All this hyperinflation talk seems pretty far fetched to me... I would like the answer to this too. "Their printing money" does not qualify as an answer.
I do not see the dollar collapsing because of our reserve status...and I also think there will be a global depression the next decade.
Its so vague to say the "average" price to extract oil...
Shallow wells in the middle east and gulf coast may be under 20/bbl...
But deep shale, like in the bakken play in MT and ND it is between 35-60/bbl.
It varies greatly.
I think it's a great excuse for wealth distribution.
How long can they keep this system from collapsing? How long can they keep it artificially inflated?
This is a horrible run oil company. I'm a driller on a Nabors drilling rig and transfered from to an EOG operated rig. Invest in EOG, HESS, CONTENENTAL RESOURCES, XTO ENERGY.