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

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To: Bearcatbob who wrote (72929)	10/7/2006 12:01:11 AM
From: elmatador	of 206118

You got to know the nature of the governments. (Most oil is state-owned). They spend as oil goes up. Get addicted to high oil prices and then don't know how to stop spending. I was in Nigeria at the end of the oil boom years... Now oil is being help up since market expect OPEC to cut production. Once it becomes clear that they won't act in block and countries will cheat, price will decline further. They will keep pumping like crazy... We have taken from their hands USD400 billion in the last decades as we moved into Ethanol and ramped up local production. When I drove in Dubai, with my fellow Brazilian, I was saying: Look! this at least is not our money...

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