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Re: Willy post# 7176

Monday, 07/04/2011 9:22:59 PM

Monday, July 04, 2011 9:22:59 PM

Post# of 31801
CAVR is at the right place at the right time, and good leadership from Mr Robinson. I remember the 1973 OPEC oil embargo, and the gasoline waiting lines around the block. A special relationship was worked out with Saudi Arabia, but was it worth it? We are dependent upon OPEC.
Then again, it has created a golden opportunity for CAVU-Resources to fill the void with slightly cheaper oil. Last I heard, the oil production cost, research, engineering, shipping, was about $5 to 6 per barrel. Saudi Arabia is producing 10 million barrels per day at $100 per barrel. I think I talked myself into buying some more CAVR.