Forum Discussion
Bumpyroad
Oct 25, 2009Explorer
Fezziwig wrote:
Because, although you may not think so, foreign oil is cheap right now. the long-term secular trend in oil prices is up: our oil will be worth much more in 20 years than it is now. It's better than money in the bank.
yep, our oil companies can sit on their leases, bring in foreign oil at $70 a BBL, and in 20 years their leases will have $200 a bbl oil in them.
bumpy
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