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Tuesday, December 21, 2010 10:56:06 PM
So what?
As the price per barrel increases, the industries that support the oil industry will become all abuzz. Drilling in North America will surge if the price per barrel looks like it will stabilize above the $90 mark.
Longs here would likely see more contracts for ERFW technology as the oil companies start to spend more money to make more money. A higher oil price allows them to become more creative and risky with new technologies. A jump, sort of like a paradigm shift, is about to happen... if ERF has its ducks in a row, it might actually be in the right place at the right time.
In just 18 months, ERF's technology could become the new industry standard. Don't blink.
A1
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