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KLee

08/23/11 11:50 AM

#1525 RE: steamoil #1522

Being able to produce oil within the US gets us away from relying on so much foreign imports, not to mention UTOG not having costs that are associated with exporting. Not sure you are comparing apples to apples.

What I would like to see is UTOG make an effort to apply their expertise and knowledge into the country of Iraq where their economy and growth are on the verge of explosion since becoming a sovereign nation on June 30th 2011. Any US company not investing in the rebuilding of this country and the services they need for their infrastructure will be a missed opportunity for serious bottom line profits IMO.

UTOG
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cayman_west

08/23/11 12:00 PM

#1526 RE: steamoil #1522

The costs are not $50 to $60 a barrel. It's about half that.