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

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To: Umunhum who wrote (94281)	12/5/2007 12:58:58 PM
From: Archie Meeties	Read Replies (1) of 206154

Your entire premise is mistaken as demand for oil (at least in the US) is horribly inelastic. That said, gasoline demand basically flat from '06. Also, as has been pointed out over and over on this board, the diesel problem in China is related to government price controls on the fuel, not to fundamental shortages. Brazil's discovery should have no impact on oil prices for a very long time. "The price of oil is going into the triple digits" Someday, I'm sure you'll be right. In the meantime, energy will underperform the rest of the market, especially tech. I'm surprised you didn't say we were past peak oil to support your bullish view. Not a believer?

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