@paulbaumgart Bbbbbut peak oil! /s
People keep talking about fracking, but seismic is opening up old fields again in a huge way.
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@paulbaumgart@pmarca Because idiots in govt are reliant on bubbles in asset prices in order to claim they are "helping"...Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulbaumgart if you just invested $1bln to drill oil at a break even price of $75 you are probably both surprised and unhappyThanks. Twitter will use this to make your timeline better. UndoUndo
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Yes, it is! RT
@paulbaumgart: Why are people still surprised when commodity prices go down? Isn't that the whole point?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulbaumgart@pmarca Asset owners via leveraged debt can only deal with price increasesThanks. Twitter will use this to make your timeline better. UndoUndo
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@paulbaumgart@pmarca The elite still listens to Paul Ehrlich rather than Julian Simon's successors http://en.wikipedia.org/wiki/Simon%E2%80%93Ehrlich_wager …Thanks. Twitter will use this to make your timeline better. UndoUndo
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