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	<title>Comments on: Can money be made from the global fuel crisis?</title>
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	<link>http://www.ideate.co.za/2008/06/11/can-money-be-made-from-the-global-fuel-crisis/</link>
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		<title>By: toni</title>
		<link>http://www.ideate.co.za/2008/06/11/can-money-be-made-from-the-global-fuel-crisis/comment-page-1/#comment-67195</link>
		<dc:creator>toni</dc:creator>
		<pubDate>Fri, 06 Mar 2009 09:13:29 +0000</pubDate>
		<guid isPermaLink="false">http://www.ideate.co.za/?p=899#comment-67195</guid>
		<description>Well, I for one, would love a little Vuka or Vespa, but it needs a trailer for 3 kids, and all their catundu...and a weatherproof cover for the winter rains!! hmmm</description>
		<content:encoded><![CDATA[<p>Well, I for one, would love a little Vuka or Vespa, but it needs a trailer for 3 kids, and all their catundu&#8230;and a weatherproof cover for the winter rains!! hmmm</p>
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		<title>By: Jon</title>
		<link>http://www.ideate.co.za/2008/06/11/can-money-be-made-from-the-global-fuel-crisis/comment-page-1/#comment-66584</link>
		<dc:creator>Jon</dc:creator>
		<pubDate>Fri, 20 Jun 2008 13:34:24 +0000</pubDate>
		<guid isPermaLink="false">http://www.ideate.co.za/?p=899#comment-66584</guid>
		<description>Hi Jon

The title of your post is can money be made from global fuel crisis?  

Understandably you talking from small business perspective, but from a different view point, the high oil prices have begun to create new markets which didn&#039;t exist before.

Main example being of oil exlploration and research, obviously this industry has experienced a major boom.  Companies like Shell, BP etc have almost double the profits, with out increasing their costs.  So they have even more cash than they did before, which has allowed them to explore oil resernves which previously were deemed as unprofitable.

Two years ago you had to be able to pull oil out of the ground and still make a profit on a oil price of USD 75 per barrell.  So oil reserves in Greenland where never explored because it would cost almost USd 70 per barrel to get it out the ground.

Well with the present market at USD 135 per barrel these previously, un-profitable oil fields, are not profitable.

And so the oil industry has grown new arms and legs in strange countries, sparking the development of a multitude of small scale traders sharing in the growth.</description>
		<content:encoded><![CDATA[<p>Hi Jon</p>
<p>The title of your post is can money be made from global fuel crisis?  </p>
<p>Understandably you talking from small business perspective, but from a different view point, the high oil prices have begun to create new markets which didn&#8217;t exist before.</p>
<p>Main example being of oil exlploration and research, obviously this industry has experienced a major boom.  Companies like Shell, BP etc have almost double the profits, with out increasing their costs.  So they have even more cash than they did before, which has allowed them to explore oil resernves which previously were deemed as unprofitable.</p>
<p>Two years ago you had to be able to pull oil out of the ground and still make a profit on a oil price of USD 75 per barrell.  So oil reserves in Greenland where never explored because it would cost almost USd 70 per barrel to get it out the ground.</p>
<p>Well with the present market at USD 135 per barrel these previously, un-profitable oil fields, are not profitable.</p>
<p>And so the oil industry has grown new arms and legs in strange countries, sparking the development of a multitude of small scale traders sharing in the growth.</p>
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