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Strategies & Market Trends : Ride the Tiger with CD

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To: Veteran98 who wrote (112006)4/18/2008 2:11:55 PM
From: Wayne Campbell  Read Replies (1) of 312985
 
Its the private-public debate. Peter Lougheed says today we are giving the oil sands away too quickly and for not enough benefit.

The the formation of income trusts had no brakes, and was turning into a flood

For mining

Scandanavians leverage their natural resources better than anyone...vertically intergrating industries to squeeze the most benefit out. The public gets the benefits in the boom, but must support industry in the commodity busts.

But the public must see the benefits....heating entire towns for free with waste heat from industry is a Swedish example, as is keeping marginal mines open during commodity lows to keep surrounding services going.

Resource development is heading toward public-private partnership whether we like it or not and the Scandanavian model is probably the template...not perfect, but does provide a stable investing playing field compared to what is going on in other places.

Correa may be smarter than he appears....go slow..get a solid mining law established....intergrate the good actors in the mining business into the country...kick the bad actors out.

Or he has no vision, and Ecuador is screwed

wc
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