Hi Jurek

You put the words out of my mouth. I also had been thinking this week about the so called integrated approach. In fact how can this work out well. In upstream they win with a higher oil price but loose money in the downstream at MRC.So for me he better put his plans to upgrade MRC in the frigerator.If we can assume we are entering in a era of rising oil prices due to the fact we have reached “peak oil “ why should he spent more money in a project as a refinery to earn more money if you knew that higher prices kills your earnings.

Let’s say if we hadn’t had MRC we only had to watch the oil price fluctuation. So once again same story. Nearly everyone is almost convinced that cheap oil will not exist anymore but rather will go up then to me it’s better to focus on upstream projects, pipeline or something else.

Also have some thoughts about management. I learned trough the years that it’s better not to swallow all the talking of these guys.

He looks a nice guy ,polite too by answering mails to small investors like we but now we face the fact that although all seems to look very well etc.that the real fact is ,it wasn’t. But on the other hand that big players were out .That’s the fact..

So in fact we better focus on charting behaviour .Charts don’t lie.

For the 9.000bbl/d I meant that this could only be for the next 2 Q’s to come or maybe it’s better to take 8.000 .

About this Who will pay the taxes to support the government programs?

Our government takes already so many taxes they better focus on their expenses .Me too have no problem if I have the chance to quit working I take it. Politicians are all the same. Just filling their own pockets and talking bla;blab,bla.