Who gains by low oil prices? Airlines and industry. But then airlines start flying more and industry increases production. Oil supply gets cut as some producers hold back and before you know it there's an oil shortage. This low price hurts Iran and Russia. The US wants to stuff Putin and Saudi wants to stuff Iran. In exchange for Saudi's cooperation, the US fight ISEL on their behalf.. . Also the US is leaving recession far quicker than anyone else due to cheap energy. The government don't want to export oil and gas. It's doing more good to the economy at home. . .
are we drilling for oil or gas at present!!....think that answers your question
81ceb.....8 posts in all wow!....don't think you know enough to even ask me that...by the 8 and the content..I would defo say we know where your colours are posted..the colour is brown...just to let you know we know which hole you came out of!!
Having proved the malicious rumour that SLE put all it's assets up as security against a loan to be incorrect. This was the reply from SH on ii " Nice to know Links but it's like the relief from proving that we didn't get our cancer from the cigarettes but from something else. If this stock is about to hit zero then it's all academic because were about to die" IMO that's hardly a genuine comparison, more just a smart remark....I would say to SH, If you want to make such a comparison perhaps you should have said. It's like having cancer and being told it's all your fault through smoking 60 a day. When infact you never smoked in your life...This may then lead you to believe that someone was trying to get you a wrong diagnosis and wrong treatment and in effect you may not be dying at all.
getting to my decision point of whether to buy more at 0.75p is coming round faster than i expected! Have to admit i'm not exactly getting funds ready, this is really starting to look like it would be a case of throwing good money after bad.
has gone from its highs to its lows on unsuccessful drilling..we have the assets to drill..this doesn't mean that our drilling will always fail to deliver..we have even more drilling to come over the next number of months..if they are successful or not...sle have these assets to carry out the process of illumination...mostly are drilled by others at no expense to us...some we have done without success..if I believe one or more will come in that is my belief and I have positioned myself for it.........if others haven't that's upto them...as OF said at the pres production is the only thing that will move sp higher and no waving or talkin up or talkin down will change the fact.....all small players get their sp crucified on bad results..look at bnk/3legs..the pathway to that production is underway with rawicz..the appraisal/testing will hopefully be the start of that production........me Im lookin forward to it all.....links
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