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fishbones · 09-04-2009, 09:45 AM

Spence, I thought I read that it was possible that there was 3 to 15 billion barrels in that area in the gulf. The world uses 84 million barrels a day, so 500 million wouldn't have much of an impact on the long range price of oil. Billions on the other hand, could bring down the future price.

09-04-2009, 09:45 AM	#7
fishbones Registered User iTrader: (2) Join Date: May 2003 Location: Easton, MA Posts: 5,737	Spence, I thought I read that it was possible that there was 3 to 15 billion barrels in that area in the gulf. The world uses 84 million barrels a day, so 500 million wouldn't have much of an impact on the long range price of oil. Billions on the other hand, could bring down the future price.
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