More than 50% of North Sea oil is still under the sea too

As prices go up it becomes more viable to extract, but they will never get anywhere near all of it out.

Posted By: Cannydc on June 6th 2008 at 14:42:22

Message Thread

Morgan Stanley finance bods just issued a report that says Oil will be $150 a barrel (Other Football) - shoddy, Jun 6, 14:24:51
- Where's all that oil that 'happened' to be in Iraq when we invaded? (n/m) (Other Football) - DrDublin, Jun 6, 14:32:52
  - most of it is still in the ground. (n/m) (Other Football) - shoddy, Jun 6, 14:39:25
    - More than 50% of North Sea oil is still under the sea too (Other Football) - Cannydc, Jun 6, 14:42:22
  - On the world market (Other Football) - Cannydc, Jun 6, 14:33:48
- They were casting rumours of $200 2 weeks ago (Other Football) - Cannydc, Jun 6, 14:26:47
  - did you like my kim riley anedcdote? (n/m) (Other Football) - McGonicle, Jun 6, 14:29:50
    - Frankly, no (Other Football) - Cannydc, Jun 6, 14:31:56
  - whatever. its still going to be $150. I think we all know that. (n/m) (Other Football) - shoddy, Jun 6, 14:28:48
    - If you 'know' that, you should be in the market, buying (Other Football) - Cannydc, Jun 6, 14:31:20
      - They are going down. (n/m) (Other Football) - shoddy, Jun 6, 14:33:14
        
        So is the wholesale diesel price (Other Football) - Cannydc, Jun 6, 14:35:34
        
        Lay it then. (n/m) (Other Football) - tudders, Jun 6, 14:52:39
        
        ........ (Other Football) - shoddy, Jun 6, 14:47:04
  - 2 weeks is a long time in the Oil business. (n/m) (Other Football) - DrDublin, Jun 6, 14:28:07
    - The price of diesel per ton (Other Football) - Cannydc, Jun 6, 14:28:52

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