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

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To: GVTucker who wrote (95812)	1/17/2008 8:50:02 AM
From: CommanderCricket	Read Replies (3) of 206209

Understand Rough numbers.... CERA is stating a 4.7% depletion number in the their latest report. So 2008 demand at 88.8 million bbls/day 2007 supply at 85.5 million bbls/day (or 81.5 at the end of 2008 with depletion). All things being equal how does the industry bridge the difference with a 4.7% depletion number? 7.3 million bbls of new supply? then again in 2009 and again 2010. Does any sane person really believe this is going to happen at current prices?

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