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

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To: SliderOnTheBlack who wrote (41164)	3/31/2005 2:04:02 PM
From: Think4Yourself	Read Replies (1) of 206087

As I am getting more deeply back into energy, and as I am researching China, I am actually beginning to think your theory may be correct. I can find no solid fundamental reason for oil prices to be this high, and can find several reasons why it shouldn't, but it continues to climb. Have also been reading what the speculators have been doing, and it looks like high oil prices might be around for quite awhile until OPEC manages to overwhelm the speculators with oil. It is also interesting that neither the CEO of XOM nor any of his refinery managers sees any supply shortfall and they are not going out and drilling like mad. Your theory, which I must admit sounds ridiculous at first blush, ties together a lot of odd facts when you really think about it. The following might be unrelated but I doubt it. For the past few years I have been closely following tool prices at Harbor Freight Inc., a nationwide tool store chain that has mostly (fair quality) chinese made tools. The sales used to be so good that you could treat the tools as disposable. Lately prices have been getting less attractive and fewer items have been on sale.

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