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

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To: SliderOnTheBlack who wrote (40567)	3/22/2005 5:04:01 PM
From: mred1998	Read Replies (1) of 206223

Slider - High Oil/Nat Res. prices as a weapon against China? Ahhhh, very interesting and creative idea. And I agree that it may take $100 or more oil prices to pull it off. I don't see any signs that $50 oil had much effect though. If you like high probability plays, wouldn't you wait until there are signs that the roll over has occurred before shorting? I think we are years away and another doubling in oil prices before China succumbs to this oil weapon. What will energy stock prices do in the interim? Deployment time for alternative energy, nukes, conservation, LNG are years in the future. How many can wait years to DRIVE to the grocery store or pick the kids up at school? Where is the threshhold of gasoline price pain for behaviors to change in a meaningful way? And if we prolific users here in the USA cut back, how many nuvo rich in China and India with a new car take up the consumption slack? I repeat, there will be pull backs and corrections in energy stocks and prices, but the longer term trend is inexorably up for at least 6 years or $120 oil, which ever comes first. The easy money will be on the long side.

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