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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Oct 04, 2004
Page
11
Dallas oilman Boone Pickens says oil will rise to $60 a barrel before dropping to $40, supported by tight fundamentals with demand at about 84 million barrels a day against 82 million produced now. He notes BP Capital profits as evidence and warns there is no short term fix without an economic downturn.
At Smith Ranch Highland near Douglas Wyoming miners like Pat Drummond monitor a system processing 55 gallon drums of uranium for shipment to nuclear plants worldwide. Prices have nearly tripled from four years ago, led by Cameco Corp raising exploration and production as demand grows.
Dignitaries and an honor guard attended a flagpole dedication ceremony last year, marking a formal gesture of civic pride at a local site as officials unveiled the commemorative feature.
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