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Denbury Resources Inc. Message Board

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  • harehau harehau Apr 16, 2008 3:22 PM Flag

    Fearful when everyone else is greedy time?

    Then what will slow this advance. Supply is only 100k over expected global demand this year. Guess Saudis could open the spigot, find out how much excess capacity there really is. Who knows, maybe they don't have any and OPEC would become superfluous. Then we have a whole new world order. A few years ago, OPEC was concerned with too high a price encouraging conservation and alternative sources. Didn't Russia just report that their supplies are declining. Maybe Brazil becomes the next cartel leader. If OPEC is running at full tilt, then some price will push us over the edge to a global downturn. This bubble could wreak havoc on the global economy. I would like to see oil stay above $100 so we could see the development of those other sources, but not sure a rapid rise to $150 or $200 would be good for anyone.

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