Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Toby Zidle who wrote (50429)	5/24/2004 10:19:47 PM
From: Maurice Winn	Read Replies (1) of 74559

Toby, none of those look like problems. There's heaps of coal and heavy crude oil [such as Orinoco]. There's a cost to disposing of waste products, but at $40 a barrel of oil, the coal people don't have a problem doing so and still making money. Saudi Arabia doesn't want to push people away from oil too much and wants King George II back in charge, so expect lots of oil on the market. Once a coal power station is built, and an old oil-fired station is closed, oil has to go down a long way to get the business back. Acid rain? Ah that was a good scare for the 1980s. We don't hear about it lately. Mqurice

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