That's insanely cheap, especially considering that the infrastructure for taking
those reserves out of the ground has already been built.
Anyway, like I said below in greater detail, the oil & gas industry has 16 years (2030 + / --RRB- to get 80 % (+ / --RRB- of its known
reserves out of the ground before the mass adoption of increasingly - stringent renewable energy targets worldwide will render whatever remains in the ground increasingly worthless, and those renewable energy targets will become more - stringent the worse that ongoing climate change presents itself.
Anyway, like I said, the oil & gas industry has 16 years (+ / --RRB- to get 70 - 80 % of its known
reserves out of the ground before the mass adoption of increasingly - stringent renewable energy targets worldwide will render whatever remains in the ground increasingly worthless, and those renewable energy targets will become more - stringent the worse that ongoing climate change presents itself.
Not exact matches
The reason for such stagnant market performance comes down to the cost
of both discovering new oil
reserves and getting it
out of the
ground.
One interesting aspect about Bashneft: The
reserve replacement ratio, which shows if an oil company is discovering more new oil than it takes
out of the
ground, is around 800 - 900 % for Bashneft.
Trump has also been mocked for suggesting that we should have stolen Iraq's oil and his recent flip - flop (when it was pointed
out that stealing Iraq's oil would require a major commitment
of ground troops) that we should destroy Iraq's oil
reserves.
Now sheffield know what the arsenal is capable
of and we should be aware as to the depths they can go to
grind out a win.Recently the results have been going our way but that can all change in a flash.We ought to be careful at all times.Our players need not to be overconfident and relax, they need to keep the fire burning to make us supporters proud.I have heard that they are now self guided.They conduct meetings on how they will be winning games.Thats the attitude and i also hope wenger is listening so he does not go all messing with the starting line ups especially during the uefa games.As for tommorows game wenger can try
out the
reserves team.
I can't see Wenger risking any
of our star players on that surface, Which makes this game more likely to be a giant killing with the
reserves that he will put
out for this game and the Sutton management know this too, which is why they stuck to playing this tie at their
ground instead
of moving it elsewhere (Crystal palace) that must tell you something?
Let's skip that debate — note the farm -
out was a totally distressed deal, my in - the -
ground values are 100 % valid in a global context (and I believe in the long - term power
of convergence, smuggling, arbitrage, call it what you will), and (most importantly) my valuation incorporates a mere 20 %
of the company's post-deal 3P
reserves & exploration resources.
Their
reserves actually grew 3 %, primarily because India's bureaucracy and corruption make it very hard to get coal
out of the
ground.
Plentiful oil and natural - gas
reserves exist around the world, but the U.S. is far ahead
of every other country in bringing those resources
out of the
ground and onto the market, writes WSJ.