Replies to post #574 on Treaty Energy Corp. (fka TECO)

[caprock]

You may see a short lived spike to 60 during the threat of a hurricane, but demand does not support that figure. OPEC has publicaly stated that they would be happy if crude averages 40 this yr. Look at the gas spread for Sep-Nov. Its negative. Traditional its positive during those months due to threat of hurricnaes. There is way too much refined product sitting arond the world right now. Couple that with the startup of Reliance refinery, which the products are slated for exports, there is no one willing to go long Sep-Nov. 2010 crude will trade $60-80.

As far as startups, I personally would not invest in this company. Perhaps im biased, the swamps boys burned me, along with many others. And they do own this company. Their checkered past does not sit well with. I prefer to take greater risks with executives that have a proven track record.

Since my posts have been reduced to 1 per day, you will have to wait for my reply tommorrow.

[tedwitt]

So you are now an oil expert. Dates do not matter, (2008), it is still the price. Natural gas is about to slip below $4, that will be a punisher. You do not see the relationships between N/G, crude, crude contract termination periods, or pumping oil at a loss. Treaty will most likely say next that they have some new tech for getting oil out of the dirt for .10 per BBL.

I am just stating what is staring them in the face.