ERHC Energy Inc (ERHE)

[david02835]

Jackcb,that was the most irresponsibly written article, purporting to be news, that I have read in a while. It would be great for the economy and the bulk of my portfolio if it came true, but:

OPEC has stated that $60 pb is a fair price, for now.

Venezuela is planning to tax oil recoveries to keep the
ppb above OPEC's

The canadian oil sands can't deliver oil much below a
market price of $50 and justify their investments.

American experts point out that oil is a controlled
comodity, and we will never see oil as low as $50 ever
again.

China and India have stated that they will compete for oil
resources wherever thay can.

I am not an expert but read a lot on this. I think the article you cite has an agenda and something to sell. GLTY