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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: allevett who wrote (71670)9/22/2006 2:13:05 PM
From: CommanderCricket  Read Replies (4) of 206209
 
Al,

Becoming convinced 85 - 86 million bbls/day is it. We are at peak production. A slowing economy will make little difference. Demand growth slows but never goes negative.

I challenge anyone to find supply growth, epecially enough supply growth to offset the North Sea, Mexico and Russia. OPEC contines to drop - another 400k this month.

Nigeria and Iraq are the only places for significant supply next year.

The folks in the UK get it as they are now a customer and no longer a supplier. What happens with Mexico in 07 - 08 as internal demand offset exports?

Do you beleive the fundamentals or are you smart enough to trade it? Hate to see the selling but have made my stand and holding.

CC
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