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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Tomas who wrote (26610)	10/24/2003 7:54:37 AM
From: John Carragher	Read Replies (1) of 206325

It is a fair statistic but doesn't take into account any changes in our consumption of oil in the next twenty, thirty years as a result or improved mileage, alternate sources of energy etc. We made dramactic change in consumption since first major shortage in seventies... This business is crazy.. and trying to forecast where we will be in the next thirty years doesn't have a great track record.. Any oil we can bring on from supplies in United States will help leverage our country against the opec folks ..The last time we got serious about cutting back it almost dried up money in Saudi for all the programs they had going on.. I believe Saudi still remembers it is a balancing act. If they step too far they may lose big time...

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