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Strategies & Market Trends : Ride the Tiger with CD

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To: Rocket Red who wrote (104206)1/26/2008 12:43:13 AM
From: koan  Read Replies (1) of 312917
 
I think coal is the future Red.

There are only 7 heavey oil deposits over 100 billion in the world and no new discoveries of easy oil for 40 years. Saudi oil fields filling up with sea water.

California heavy oil can't be produced. Venezuala is low grade and poltically unstable, we know about alberta oil sands, Mexico, ?, middle east and siberia and alaska north slope.

That is it, so coal is next for making oil!!

Asia demand for oil is rising exponentially!!
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