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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (23223)12/10/2004 5:57:14 PM
From: patron_anejo_por_favor  Read Replies (1) of 110194
 
Matt Simmons was on BubbleVision this morning, and discussed the issue of Saudi oil production approaching or reaching peak production. As he put it, although they are FAR from "running out of oil", their ability to increase production to continue to meet world petroleum demands is rapidly dwindling. Meaning of course a huge bull market for crude in the coming years......<NG>

Although the current administration has no particularly helpful long term energy policy, the one thing they did right was to complete filling the SPR. That's a drop in the bucket in the big picture, however. Until the demand side is dealt with crisis is not only possible but inevitable.

This dip may be the best chance to go long crude and energy stocks we'll see for a loooonnnnggg time (maybe forever).
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