Oil Sands and Related Stocks Message Board

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Gold/Mining/Energy : Oil Sands and Related Stocks

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To: Proud Deplorable who wrote (11105)	7/6/2006 5:48:01 PM
From: WalterWhite	Read Replies (1) of 25575

Ralph - i agree oil is going to $200...and i think this will happen by the end of 2008. Interesting that fields all over the world are "drying" up and majors (BP for instance) are reporting lower volume. If just 100million more Chinese get AC, a car, and wide screen w/PS3 we have more than enough demand to push prices sky-high, but also topple some governments and worse...!?! I lived in Asia and the EU and gas prices here in Canada do not bother me, but they do most Canucks. They obses about gas prices, now at a reasonable $1 per litre. At $4 we'll need the national guard to guard supply trucks and gas stations. N.A. is designed for cheap gas, so we will be hurt far more than the train friendly cultures in Japan and the EU. The media hypes North Korea and Iran as reasons for the price going higher. Wrong. Supply and demand.

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