Originally Posted by
bermuda
Matty,
Just got back from a cruise around Onassis's private island. Far out. The Dow will continue to get smashed. I have been reading so many books about the demise of the USA. They have had it too good for too long at $5-$20 per barrel. Oil at $70 is killing them especially when you are importing 2 thirds. What we need is low cost CSG. They are hoping shale gas can get them out of the hole they are in but the EPA has now stepped in.
Blue have the acreage and one day it will get proved up and put into production. But these things sure take time. But we are talking multiples.