Replies to post #1415 on Frontier Energy Corp. (FRGY)

[stock2windaily]

Well, they're offering several specific reasons for this:

World oil consumption in 2008 will continue to grow faster than non-OPEC supply.

This leaves OPEC production and inventories to offset the higher oil prices.

Once 2009 comes around, non-OPEC production is expected to increase, alleviating some of the pressure on the markets.

The EIA has projected the world's surplus production capacity to more than double by the end of 2009.

Like I just said, there's a lot of wishful thinking on the EIA's part. If oil has another year like 2007, then it will cost us well over the $150 a barrel.

http://www.energyandcapital.com/articles/oil+crisis-value+investing-oil+prices/596

Maybe we will have to go with $120 a barrell and call it even LOL