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

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To: Sharp_End_Of_Drill who wrote (95821)	1/17/2008 11:26:30 AM
From: Frank	Read Replies (1) of 206214

Sharp--I love ya buddy but CC said "at current prices" and the easy stuff is depleting rapidly. Light sweet will lead the way down the production curve and we will be going ever further afield and deeper. That costs more and more. Really, Iraq and Brazil are the only bright spots for meaningful increases. Don't count on Russia. Also, (1)note the rise of the resource nationalism, (2) surging internal consumption in the producing nations (3) Have you noticed China's auto production numbers?, (4) how about India? (5) North Sea?,(6) Cantarell?. The list goes on and on. Look at conventional production and forget about NGLs. BP talks their book. CERA, Yergin and Jackson are shills for ARAMCO and make Jane Fonda look good. Your old pal -Frank

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